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Statement of Consolidated Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales (E) $ 2,684 $ 3,644 $ 5,354 $ 6,937
Cost of goods sold (exclusive of expenses below) 2,515 2,767 4,919 4,948
Selling, general administrative, and other expenses 52 52 106 96
Research and development expenses 6 7 16 16
Provision for depreciation, depletion, and amortization 153 161 306 321
Restructuring and other charges, net (D) 24 (75) 173 50
Interest expense 27 30 53 55
Other expenses (income), net (R) 6 (206) 60 (220)
Total costs and expenses 2,783 2,736 5,633 5,266
(Loss) income before income taxes (99) 908 (279) 1,671
Provision for income taxes 22 234 74 444
Net (loss) income (121) 674 (353) 1,227
Less: Net (loss) income attributable to noncontrolling interest (19) 125 (20) 209
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION $ (102) $ 549 $ (333) $ 1,018
EARNINGS PER SHARE ATTRIBUTABLE TO ALCOA CORPORATION COMMON SHAREHOLDERS (F):        
Basic $ (0.57) $ 3.01 $ (1.87) $ 5.55
Diluted $ (0.57) $ 2.95 $ (1.87) $ 5.44