Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Information Used to Compute Basic and Diluted EPS

The share information used to compute basic and diluted EPS attributable to Arconic common stockholders was as follows (shares in millions):


	2022	2021	2020
Weighted-average shares outstanding – basic	103.6	108.7	109.1
Effect of dilutive share equivalents:
Stock options	—	—	—
Stock units	—	—	—
Weighted-average shares outstanding – diluted	103.6	108.7	109.1

Anti-dilutive share equivalents:
Stock units	2.6	3.3	2.6
Stock options*:
In-the-money	0.1	0.1	—
Out-of-the-money	—	—	—
	2.7	3.4	2.6

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* Stock options are in-the-money when the respective exercise price of each such option is less than the average market price of the Company’s common stock during the applicable period presented. Conversely, stock options are out-of-the-money when the respective exercise price of each such option is more than the average market price of the Company’s common stock during the applicable period presented. Out-of-the-money stock options never result in common share equivalents for purposes of diluted EPS regardless of whether a company generates net income or a net loss. As of December 31, 2022 and

December 31, 2020 there were 0.3 million and 0.5 million out-of-the money stock options outstanding, respectively, with a weighted average exercise price of $29.90 and $33.32, respectively.