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Statement of Consolidated Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales (E) $ 2,602 $ 2,851 $ 7,956 $ 9,788
Cost of goods sold (exclusive of expenses below) 2,469 2,668 7,388 7,616
Selling, general administrative, and other expenses 56 44 162 140
Research and development expenses 9 7 25 23
Provision for depreciation, depletion, and amortization 163 149 469 470
Restructuring and other charges, net (D) 22 652 195 702
Interest expense 26 25 79 80
Other expenses (income), net (R) 85 35 145 (185)
Total costs and expenses 2,830 3,580 8,463 8,846
(Loss) income before income taxes (228) (729) (507) 942
(Benefit from) provision for income taxes (35) 40 39 484
Net (loss) income (193) (769) (546) 458
Less: Net (loss) income attributable to noncontrolling interest (25) (23) (45) 186
NET (LOSS) INCOME ATTRIBUTABLE TO ALCOA CORPORATION $ (168) $ (746) $ (501) $ 272
EARNINGS PER SHARE ATTRIBUTABLE TO ALCOA CORPORATION COMMON SHAREHOLDERS (F):        
Basic $ (0.94) $ (4.17) $ (2.81) $ 1.5
Diluted $ (0.94) $ (4.17) $ (2.81) $ 1.47