v3.22.4

Receivables, Loans, Notes Receivable, and Others | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Accounts and Nontrade Receivable | ReceivablesOn January 5, 2022, the Company entered into a one-year arrangement with a financial institution to sell certain customer receivables outright without recourse on a continuous basis. All such sales are at Arconic's discretion. Under this arrangement, the Company will serve in an administrative capacity, including collection of the receivables from the respective customers and remittance of these cash collections to the financial institution. Accordingly, upon the sale of customer receivables to the financial institution, Arconic removes the underlying trade receivables from the Consolidated Balance Sheet and includes the reduction as a positive amount in the Decrease (Increase) in receivables line item within Operating Activities on the Statement of Consolidated Cash Flows. At no time can the outstanding balance due to the financial institution exceed $225 (increased in February from original amount of $100). In 2022, the Company sold customer receivables and remitted cash to the financial institution both in the amount of $1,119. Of the total amount of customer receivables sold in 2022, $77 were included in Receivables from customers on the accompanying Consolidated Balance Sheet as of December 31, 2021. In December 2022, this arrangement was amended to provide for an automatic renewal each year unless terminated in accordance with the provisions of the underlying purchase agreement.

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI https://asc.fasb.org/topic&trid=2196771 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -URI https://asc.fasb.org/topic&trid=82887179 + Details
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- References No definition available. + Details
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