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Derivatives And Other Financial Instruments (Derivative Contract Assets And Liabilities That Are Measured And Recognized At Fair Value On Recurring Basis) (Details) (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Fair value asset derivatives $ 108 $ 147
Fair value liability derivatives 904 865
Level 1 [Member]
   
Fair value asset derivatives 46 76
Level 1 [Member]
   
Fair value liability derivatives 9 35
Level 2 [Member]
   
Fair value asset derivatives 40 81
Level 2 [Member]
   
Fair value liability derivatives 84 83
Level 3 [Member]
   
Fair value liability derivatives 824 788
Level 3 [Member]
   
Fair value asset derivatives 28 9
Margin Held [Member]
   
Fair value asset derivatives (6) [1] (19) [1]
Margin Posted [Member]
   
Fair value liability derivatives (13) [1] (41) [1]
Alcoa [Member]
   
Fair value asset derivatives 108 147
Fair value liability derivatives $ 904 $ 865
[1] * Margin held represents cash collateral received related to interest rate contracts included in Level 2 and margin posted represents cash collateral paid related to aluminum contracts included in Level 1 and energy contracts included in Level 3. At December 31, 2010, margin held also represents cash collateral received related to aluminum contracts included in Level 1. Alcoa elected to net the margin held and posted against the fair value amounts recognized for derivative instruments executed with the same counterparties under master netting arrangements.