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Statement of Consolidated Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Sales (E) $ 2,904 $ 2,602 $ 8,409 $ 7,956
Cost of goods sold (exclusive of expenses below) 2,393 2,469 7,330 7,388
Selling, general administrative, and other expenses 66 56 195 162
Research and development expenses 16 9 40 25
Provision for depreciation, depletion, and amortization 159 163 483 469
Restructuring and other charges, net (D) 30 22 250 195
Interest expense 44 26 111 79
Other expenses, net (P) 12 85 49 145
Total costs and expenses 2,720 2,830 8,458 8,463
Consolidated income (loss) before income taxes 184 (228) (49) (507)
Provision for (benefit from) income taxes 86 (35) 129 39
Net income (loss) 98 (193) (178) (546)
Less: Net income (loss) attributable to noncontrolling interest 8 (25) (36) (45)
NET INCOME (LOSS) ATTRIBUTABLE TO ALCOA CORPORATION $ 90 $ (168) $ (142) $ (501)
EARNINGS PER SHARE ATTRIBUTABLE TO ALCOA CORPORATION COMMON SHAREHOLDERS (F):        
Basic $ 0.39 $ (0.94) $ (0.72) $ (2.81)
Diluted $ 0.38 $ (0.94) $ (0.72) $ (2.81)