Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2023

Other Financial Information [Abstract]

Schedule of Interest Cost Components

Interest Cost Components

	2023		2022		2021
Amount charged to expense	$	107	$	106	$	195
Amount capitalized		4		3		6
	$	111	$	109	$	201

Schedule of Other Expenses (Income), Net

Other Expenses (Income), Net

	2023			2022			2021
Equity loss (income)	$	228		$	27		$	(105	)
Foreign currency (gains) losses, net		(64	)		9			3
Net loss (gain) from asset sales		14			10			(354	)
Net loss (gain) on mark-to-market derivative instruments (P)		5			(174	)		(25	)
Non-service costs – pension and other postretirement benefits (O)		13			60			47
Other, net		(62	)		(50	)		(11	)
	$	134		$	(118	)	$	(445	)

Schedule of Other Noncurrent Assets

Other Noncurrent Assets

December 31,	2023		2022
Value added tax credits	$	336	$	294
Prepaid gas transmission contract		297		285
Gas supply prepayment (S)		283		311
Deferred mining costs, net		187		161
Goodwill (L)		146		145
Prepaid pension benefit (O)		125		146
Noncurrent prepaid tax asset (S)		73		72
Noncurrent restricted cash (see below)		71		56
Intangibles, net (L)		37		29
Other		95		94
	$	1,650	$	1,593

Schedule of Other Noncurrent Liabilities and Deferred Credits

Other Noncurrent Liabilities and Deferred Credits

December 31,	2023		2022
Noncurrent accrued tax liability (S)	$	199	$	174
Operating lease obligations (T)		104		59
Accrued compensation and retirement costs		94		95
Value added tax credits payable to Arconic Corporation		58		51
Deferred energy credits		42		37
Noncurrent restructuring reserve (D)		15		3
Deferred alumina sales revenue		20		28
Other		36		39
	$	568	$	486

Schedule of Cash and Cash Equivalents and Restricted Cash

Cash and Cash Equivalents and Restricted Cash

December 31,	2023		2022
Cash and cash equivalents	$	944	$	1,363
Current restricted cash		32		55
Noncurrent restricted cash		71		56
	$	1,047	$	1,474

Schedule of Cash Paid for Interest and Income Taxes

Cash Flow Information

Cash paid for interest and income taxes was as follows:

	2023		2022		2021
Interest, net of amount capitalized	$	100	$	100	$	191
Income taxes, net of amount refunded		319		504		152