v3.23.1

Revenue from Contracts with Customers | 3 Months Ended
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Mar. 31, 2023
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Revenue from Contracts with Customers The following table disaggregates revenue by major end market served. Differences between segment totals and the Company’s consolidated totals are in Corporate.
First quarter ended March 31, |  | Rolled Products |  | Building and Construction Systems |  | Extrusions |  | Total
2023 |  |  |  |  |  |  |  |
Ground Transportation |  | $ | 738 |  |  | $ | — |  |  | $ | 26 |  |  | $ | 764 |
Building and Construction |  | 39 |  |  | 308 |  |  | — |  |  | 347 |
Aerospace |  | 242 |  |  | — |  |  | 66 |  |  | 308 |
Packaging |  | 217 |  |  | — |  |  | — |  |  | 217 |
Industrial Products and Other |  | 268 |  |  | — |  |  | 28 |  |  | 296 |
Total end-market revenue |  | $ | 1,504 |  |  | $ | 308 |  |  | $ | 120 |  |  | $ | 1,932 |
2022 |  |  |  |  |  |  |  |
Ground Transportation |  | $ | 726 |  |  | $ | — |  |  | $ | 29 |  |  | $ | 755 |
Building and Construction |  | 84 |  |  | 291 |  |  | — |  |  | 375 |
Aerospace |  | 167 |  |  | — |  |  | 43 |  |  | 210 |
Packaging |  | 397 |  |  | — |  |  | — |  |  | 397 |
Industrial Products and Other |  | 430 |  |  | — |  |  | 25 |  |  | 455 |
Total end-market revenue* |  | $ | 1,804 |  |  | $ | 291 |  |  | $ | 97 |  |  | $ | 2,192 |
__________________ *In November 2022, Arconic completed the sale of all of its operations in Russia (see Note O), the results of which were previously reported in the Company’s Rolled Products segment. In the 2022 first quarter, Third-party sales for the Rolled Products segment included $233 related to these former operations. In the first quarter of 2023 and 2022, the average aluminum price per metric ton was $3,016 and $4,061, respectively, consisting of the London Metal Exchange aluminum price and the Midwest premium (United States).

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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