Asset Retirement Obligations

6 Months Ended

Jun. 30, 2023

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligations

P. Asset Retirement Obligations

The Company recorded a liability of $36 in the six-month period of 2023 related to the closure of the previously curtailed Intalco aluminum smelter. The additional accrual was recorded in Restructuring and other charges, net (see Note D) on the accompanying Statement of Consolidated Operations.

The Company recorded a liability of $47 in the second quarter and six-month period of 2022 related to improvements required on both operating and closed bauxite residue areas at the Poços de Caldas refinery to comply with updated impoundment regulations in the region. The additional accruals were recorded with a charge to Cost of goods sold of $39 and a corresponding capitalized asset retirement cost of $8.