v3.23.2
Fair Value Measures and Disclosures (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
USD ($)
MMBTU
kiloMetricTon
MWh
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Jun. 30, 2023
USD ($)
MMBTU
kiloMetricTon
MWh
Jun. 30, 2022
USD ($)
Dec. 31, 2022
USD ($)
MMBTU
kiloMetricTon
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative Asset $ 53       $ 53   $ 21
Derivative Liability 14       14   8
Unrealized Gain (Loss) on Cash Flow Hedging Instruments 55 $ 201     34 $ 58  
Realized Gain (Loss) on Cash Flow Hedging Instruments 11 (46)     5 (99)  
Unrealized Gain (Loss) on Derivatives 18 21     (2) 23  
Designated as Hedging Instrument | Aluminum Contract | Cash Flow Hedging              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative Asset 48       48   0
Derivative Liability 0       0   $ (14)
Designated as Hedging Instrument | Aluminum Contract | Cash Flow Hedging | Other Comprehensive Income (Loss)              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Unrealized Gain (Loss) on Cash Flow Hedging Instruments $ 58 203     $ 49 47  
Designated as Hedging Instrument | Aluminum Contract | Cash Flow Hedging | Other Assets              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount 242       242   17
Designated as Hedging Instrument | Aluminum Contract | Cash Flow Hedging | Other Liabilities              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | kiloMetricTon 29       29   368
Designated as Hedging Instrument | Aluminum Contract | Cash Flow Hedging | Sales              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Realized Gain (Loss) on Cash Flow Hedging Instruments $ 18 (53)     $ 17 (107)  
Designated as Hedging Instrument | Aluminum Contract | Cash Flow Hedging | Cost of Sales              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Realized Gain (Loss) on Cash Flow Hedging Instruments 0 0     0 (1)  
Designated as Hedging Instrument | Commodity Contract | Cash Flow Hedging              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative Asset (1)       (1)   $ (1)
Derivative Liability 1       1   $ 1
Designated as Hedging Instrument | Commodity Contract | Cash Flow Hedging | Other Comprehensive Income (Loss)              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Unrealized Gain (Loss) on Cash Flow Hedging Instruments $ (2) (2)     $ (1) (2)  
Designated as Hedging Instrument | Commodity Contract | Cash Flow Hedging | Other Assets              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | kiloMetricTon 1       1   1
Designated as Hedging Instrument | Commodity Contract | Cash Flow Hedging | Other Liabilities              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | kiloMetricTon 6       6   3
Designated as Hedging Instrument | Commodity Contract | Cash Flow Hedging | Cost of Sales              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Realized Gain (Loss) on Cash Flow Hedging Instruments $ 1 0     $ 1 0  
Designated as Hedging Instrument | Energy Related Derivative | Cash Flow Hedging              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative Liability 9       9   $ 5
Designated as Hedging Instrument | Energy Related Derivative | Cash Flow Hedging | Other Comprehensive Income (Loss)              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Unrealized Gain (Loss) on Cash Flow Hedging Instruments $ (1) 0     $ (14) 13  
Designated as Hedging Instrument | Energy Related Derivative | Cash Flow Hedging | Other Liabilities              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | MMBTU 7.5       7.5   6.3
Designated as Hedging Instrument | Energy Related Derivative | Cash Flow Hedging | Cost of Sales              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Realized Gain (Loss) on Cash Flow Hedging Instruments $ 6 (7)     $ 11 (7)  
Not Designated as Hedging Instrument              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Unrealized Gain (Loss) on Derivatives 18 24     (2) 29  
Realized Gain (Loss) on Derivatives (14) 4     (11) 2  
Not Designated as Hedging Instrument | Aluminum Contract              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative Asset 9       9   $ 6
Derivative Liability $ 2       $ 2   $ 12
Not Designated as Hedging Instrument | Aluminum Contract | Other Assets              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | kiloMetricTon 33       33   60
Not Designated as Hedging Instrument | Aluminum Contract | Other Liabilities              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | kiloMetricTon 1       1   53
Not Designated as Hedging Instrument | Aluminum Contract | Sales              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Unrealized Gain (Loss) on Derivatives $ 19 4     $ 14 6  
Realized Gain (Loss) on Derivatives (10) 4     (6) 2  
Not Designated as Hedging Instrument | Energy Related Derivative              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative Asset (3)       (3)   $ 16
Derivative Liability $ 2       $ 2   $ 4
Not Designated as Hedging Instrument | Energy Related Derivative | Other Assets              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | MMBTU 4.7       4.7   12.1
Not Designated as Hedging Instrument | Energy Related Derivative | Other Liabilities              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | MMBTU 2.7       2.7   0.6
Not Designated as Hedging Instrument | Energy Related Derivative | Cost of Sales              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Unrealized Gain (Loss) on Derivatives $ 1 (20)     $ 16 (23)  
Realized Gain (Loss) on Derivatives 4 0     5 0  
Not Designated as Hedging Instrument | Natural Gas Contract | Cost of Sales              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Unrealized Gain (Loss) on Derivatives     $ 6 $ 2   $ (5)  
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net   $ 3          
Not Designated as Hedging Instrument | Electricity Derivative              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative Liability $ 0       $ 0   $ 0
Not Designated as Hedging Instrument | Electricity Derivative | Other Liabilities              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Derivative, Nonmonetary Notional Amount | MWh 8,314       8,314    
Reported Value Measurement              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Cash and Cash Equivalents, Fair Value Disclosure $ 266       $ 266   261
Derivative Asset 53       53   21
Derivative Liability 14       14   8
Debt, fair value 1,598       1,598   1,597
Estimate of Fair Value Measurement              
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]              
Cash and Cash Equivalents, Fair Value Disclosure 266       266   261
Derivative Asset 53       53   21
Derivative Liability 14       14   8
Debt, fair value $ 1,620       $ 1,620   $ 1,539