v3.22.2.2
Statement of Combined Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total sales $ 2,280 $ 1,890 $ 7,019 $ 5,366
Cost of goods sold (exclusive of expenses below) 2,074 1,676 6,288 4,674
Selling, general administrative, and other expenses 62 63 200 183
Research and development expenses 9 8 27 25
Provision for depreciation and amortization 59 61 181 186
Restructuring and other charges (E) 112 14 119 612
Operating (loss) income (36) 68 204 (314)
Interest expense 27 26 78 74
Other expenses, net 27 15 9 52
(Loss) Income before income taxes (90) 27 117 (440)
(Benefit) Provision for income taxes (25) 11 25 (81)
Net (loss) income (65) 16 92 (359)
Net Income (Loss) Attributable to Noncontrolling Interest 0 0 1 0
Net (loss) income attributable to Arconic Corporation $ (65) $ 16 $ 91 $ (359)
Earnings Per Share Attributable to Arconic Corporation Common Stockholders        
Basic $ (0.64) $ 0.15 $ 0.87 $ (3.28)
Diluted $ (0.64) $ 0.15 $ 0.85 $ (3.28)