v3.22.4

Leases​ | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Leases | Leases Arconic leases certain land and buildings, plant equipment, vehicles, and computer equipment, which have been classified as operating leases. Operating lease cost, which includes short-term leases and variable lease payments and approximates cash paid, was $54, $59, and $62 in 2022, 2021, and 2020, respectively. Right-of-use assets obtained in exchange for operating lease obligations in 2022 and 2021 were $34 and $17, respectively. Future minimum contractual operating lease obligations were as follows:
December 31, |  | 2022
2023 |  | $ | 40 |
2024 |  | 31 |
2025 |  | 24 |
2026 |  | 16 |
2027 |  | 7 |
Thereafter |  | 19 |
Total lease payments |  | $ | 137 |
Less: imputed interest |  | 20 |
Present value of lease liabilities |  | $ | 117 |
The weighted-average remaining lease term and weighted-average discount rate for Arconic's operating leases at December 31, 2022 and 2021 was 5.2 and 6.1 years, respectively, and 6.3% and 5.8%, respectively.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=77888251 + Details
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