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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted EPS Attributable to Alcoa Corporation Common Shareholders

The share information used to compute basic and diluted EPS attributable to Alcoa Corporation common shareholders was as follows (shares in millions):

 

 

 

First quarter ended
March 31,

 

 

 

2023

 

 

2022

 

Net (loss) income attributable to Alcoa Corporation

 

$

(231

)

 

$

469

 

Average shares outstanding – basic

 

 

178

 

 

 

184

 

Effect of dilutive securities:

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

Stock units

 

 

 

 

 

4

 

Average shares outstanding – diluted

 

 

178

 

 

 

188