v3.23.2

Revenue from Contracts with Customers (Tables)

6 Months Ended

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).

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration