v3.23.2

Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue by Major End Market Served | The following table disaggregates revenue by major end market served. Differences between segment totals and the Company’s consolidated totals are in Corporate.
Second quarter ended June 30, |  | Rolled Products |  | Building and Construction Systems |  | Extrusions |  | Total
2023 |  |  |  |  |  |  |  |
Ground Transportation |  | $ | 764 |  |  | $ | — |  |  | $ | 23 |  |  | $ | 787 |
Building and Construction |  | 51 |  |  | 319 |  |  | — |  |  | 370 |
Aerospace |  | 241 |  |  | — |  |  | 73 |  |  | 314 |
Packaging |  | 194 |  |  | — |  |  | — |  |  | 194 |
Industrial Products and Other |  | 279 |  |  | — |  |  | 29 |  |  | 308 |
Total end-market revenue |  | $ | 1,529 |  |  | $ | 319 |  |  | $ | 125 |  |  | $ | 1,973 |
2022 |  |  |  |  |  |  |  |
Ground Transportation |  | $ | 844 |  |  | $ | — |  |  | $ | 28 |  |  | $ | 872 |
Building and Construction |  | 94 |  |  | 329 |  |  | — |  |  | 423 |
Aerospace |  | 200 |  |  | — |  |  | 49 |  |  | 249 |
Packaging |  | 518 |  |  | — |  |  | — |  |  | 518 |
Industrial Products and Other |  | 457 |  |  | — |  |  | 28 |  |  | 485 |
Total end-market revenue* |  | $ | 2,113 |  |  | $ | 329 |  |  | $ | 105 |  |  | $ | 2,547 |
Six months ended June 30, |  | Rolled Products |  | Building and Construction Systems |  | Extrusions |  | Total
2023 |  |  |  |  |  |  |  |
Ground Transportation |  | $ | 1,502 |  |  | $ | — |  |  | $ | 49 |  |  | $ | 1,551 |
Building and Construction |  | 90 |  |  | 627 |  |  | — |  |  | 717 |
Aerospace |  | 483 |  |  | — |  |  | 139 |  |  | 622 |
Packaging |  | 411 |  |  | — |  |  | — |  |  | 411 |
Industrial Products and Other |  | 547 |  |  | — |  |  | 57 |  |  | 604 |
Total end-market revenue |  | $ | 3,033 |  |  | $ | 627 |  |  | $ | 245 |  |  | $ | 3,905 |
2022 |  |  |  |  |  |  |  |
Ground Transportation |  | $ | 1,570 |  |  | $ | — |  |  | $ | 57 |  |  | $ | 1,627 |
Building and Construction |  | 178 |  |  | 620 |  |  | — |  |  | 798 |
Aerospace |  | 367 |  |  | — |  |  | 92 |  |  | 459 |
Packaging |  | 915 |  |  | — |  |  | — |  |  | 915 |
Industrial Products and Other |  | 887 |  |  | — |  |  | 53 |  |  | 940 |
Total end-market revenue* |  | $ | 3,917 |  |  | $ | 620 |  |  | $ | 202 |  |  | $ | 4,739 |
__________________ *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 second quarter and six-month period, Third-party sales for the Rolled Products segment included $314 and $547, respectively, related to these former operations. The average aluminum price per metric ton was $2,811 and $2,913 in the 2023 second quarter and six-month period, respectively, and $3,687 and $3,874 in the 2022 second quarter and six-month period, respectively, consisting of the London Metal Exchange aluminum price and the Midwest premium (United States).

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 + Details
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