XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Statement of Consolidated Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Sales (E) $ 2,906 $ 2,684 $ 5,505 $ 5,354
Cost of goods sold (exclusive of expenses below) 2,533 2,515 4,937 4,919
Selling, general administrative, and other expenses 69 52 129 106
Research and development expenses 13 6 24 16
Provision for depreciation, depletion, and amortization 163 153 324 306
Restructuring and other charges, net (D) 18 24 220 173
Interest expense 40 27 67 53
Other (income) expenses, net (P) (22) 6 37 60
Total costs and expenses 2,814 2,783 5,738 5,633
Consolidated income (loss) before income taxes 92 (99) (233) (279)
Provision for income taxes 61 22 43 74
Net income (loss) 31 (121) (276) (353)
Less: Net income (loss) attributable to noncontrolling interest 11 (19) (44) (20)
NET INCOME (LOSS) ATTRIBUTABLE TO ALCOA CORPORATION $ 20 $ (102) $ (232) $ (333)
EARNINGS PER SHARE ATTRIBUTABLE TO ALCOA CORPORATION COMMON SHAREHOLDERS (F):        
Basic $ 0.11 $ (0.57) $ (1.29) $ (1.87)
Diluted $ 0.11 $ (0.57) $ (1.29) $ (1.87)