v3.23.1
Segment and Related Information​ (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The operating results of Arconic’s reportable segments were as follows (differences between segment totals and the Company’s consolidated totals for line items not reconciled are in Corporate):
First quarter ended March 31,Rolled
Products		Building and
Construction
Systems		ExtrusionsTotal
2023
Sales:
Third-party sales$1,504 $308 $120 $1,932 
Intersegment sales11 — — 11 
Total sales$1,515 $308 $120 $1,943 
Segment Adjusted EBITDA$117 $54 $(4)$167 
Provision for depreciation and amortization$42 $4 $3 $49 
2022
Sales:
Third-party sales*
$1,804 $291 $97 $2,192 
Intersegment sales12 — 1 13 
Total sales$1,816 $291 $98 $2,205 
Segment Adjusted EBITDA*
$176 $44 $(5)$215 
Provision for depreciation and amortization$48 $4 $4 $56 
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*    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 and Segment Adjusted EBITDA for the Rolled Products segment included $233 and $18, respectively, related to these former operations.
Reconciliation of Operating Profit (Loss) from Segments
The following table reconciles total Segment Adjusted EBITDA to consolidated net income attributable to Arconic Corporation:
First quarter ended March 31,20232022
Total Segment Adjusted EBITDA$167 $215 
Unallocated amounts:
Corporate expenses(1)
(9)(9)
Stock-based compensation expense(6)(5)
Metal price lag(2)
— (36)
Unrealized (losses) gains on mark-to-market hedging instruments and derivatives (Q)
(20)2 
Provision for depreciation and amortization(53)(60)
Restructuring and other charges (E)
— (5)
Other(3)
(8)(6)
Operating income71 96 
Interest expense(25)(25)
Other expenses, net (F)
(11)(17)
Provision for income taxes (H)
(10)(12)
Net income attributable to noncontrolling interest (O)
— — 
Consolidated net income attributable to Arconic Corporation$25 $42 
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(1)Corporate expenses are composed of general administrative and other expenses of operating the corporate headquarters and other global administrative facilities.
(2)Metal price lag represents the financial impact of the timing difference between when aluminum prices included in Sales are recognized and when aluminum purchase prices included in Cost of goods sold are realized. This adjustment aims to remove the effect of the volatility in metal prices and the calculation of this impact considers applicable metal hedging transactions.
(3)Other includes certain items that impact Cost of goods sold and Selling, general administrative, and other expenses on the Company’s Statement of Consolidated Operations that are not included in Segment Adjusted EBITDA.