v3.23.2
Statement of Combined Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net income $ 59 $ 115 $ 84 $ 157
Other comprehensive income, net of tax        
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits 8 26 12 84
Foreign currency translation adjustments (13) (55) 4 (62)
Net change in unrecognized losses on cash flow hedges 33 190 22 120
Total Other comprehensive income, net of tax 28 161 38 142
Comprehensive income 87 276 122 299
Arconic Corporation        
Net income 59 114 84 156
Other comprehensive income, net of tax        
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits 8 26 12 84
Foreign currency translation adjustments (13) (55) 4 (62)
Net change in unrecognized losses on cash flow hedges 33 190 22 120
Total Other comprehensive income, net of tax 28 161 38 142
Comprehensive income 87 275 122 298
Noncontrolling interest        
Net income 0 1 0 1
Other comprehensive income, net of tax        
Change in unrecognized net actuarial loss and prior service cost/benefit related to pension and other postretirement benefits 0 0 0 0
Foreign currency translation adjustments 0 0 0 0
Net change in unrecognized losses on cash flow hedges 0 0 0 0
Total Other comprehensive income, net of tax 0 0 0 0
Comprehensive income $ 0 $ 1 $ 0 $ 1