v3.23.2

Subsequent Events​ | 6 Months Ended
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Jun. 30, 2023
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Management evaluated all activity of Arconic and concluded that no subsequent events have occurred that would require recognition in the Consolidated Financial Statements or disclosure in the Notes to the Consolidated Financial Statements, except as described below. The Merger Agreement was adopted by the Company’s stockholders at a special meeting of the Company’s stockholders on July 25, 2023 (see Note A). On July 31, 2023, the Company provided notice to the trustee and registrar under the applicable indenture relating to the Company’s 6.0% Senior Secured First-Lien Notes due 2025 (the “2025 Notes”) and 6.125% Senior Secured Second-Lien Notes due 2028 (the “2028 Notes”) that on August 10, 2023 (the “Redemption Date”), subject to and conditioned upon the closing of the Transaction (the “Condition”), the Company intends to redeem the aggregate principal amount of $700 for the 2025 Notes and $900 for the 2028 Notes at a redemption price equal to 101.500% and 103.063%, respectively, of the principal amount thereof, plus accrued and unpaid interest thereon, if any, to, but excluding, the Redemption Date, in accordance with the terms of the respective indenture. At the Company’s discretion, the Redemption Date may be delayed until such time as the Condition is satisfied (or waived by the Company in its sole discretion). The Company may rescind the notices of redemption in its sole discretion if the Condition is not satisfied.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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