v3.22.4
Statement of Consolidated Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total sales $ 8,961 $ 7,504 $ 5,675
Cost of goods sold (exclusive of expenses below) 8,032 6,573 4,862
Selling, general administrative, and other expenses 246 247 258
Research and development expenses 37 34 36
Provision for depreciation and amortization 237 253 251
Goodwill and Intangible Asset Impairment 0 65 0
Restructuring and other charges 456 624 188
Operating (loss) income (47) (292) 80
Interest expense 104 100 118
Other expenses, net 41 67 70
Loss before income taxes (192) (459) (108)
(Benefit) Provision for income taxes (11) (62) 1
Net loss (181) (397) (109)
Less: Net income attributable to noncontrolling interest 1 0 0
Net loss attributable to Arconic Corporation $ (182) $ (397) $ (109)
Earnings Per Share Attributable to Arconic Corporation Common Stockholders      
Basic (in dollars per share) $ (1.75) $ (3.65) $ (1.00)
Diluted (in dollars per share) $ (1.75) $ (3.65) $ (1.00)
Sales      
Total sales $ 8,961 $ 7,504 $ 5,675