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Statement of Changes in Consolidated Equity (unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Capital [Member]
Accumulated Deficit [Member]
Accumulated other comprehensive (loss) income [Member]
Non-controlling Interest [Member]
Balance at Dec. 31, 2022 $ 6,589 $ 2 $ 9,183 $ (570) $ (3,539) $ 1,513
Net income (loss) (232)     (231)   (1)
Other comprehensive income (loss) (G) (101)       (116) 15
Stock-based compensation 10   10      
Net effect of tax withholding for compensation plans and exercise of stock options (33)   (33)      
Dividends paid on Alcoa common stock ($0.10 per share) (18)     (18)    
Contributions 86         86
Distributions (6)         (6)
Other 1   2     (1)
Balance at Mar. 31, 2023 6,296 2 9,162 (819) (3,655) 1,606
Balance at Dec. 31, 2022 6,589 2 9,183 (570) (3,539) 1,513
Net income (loss) (546)          
Other comprehensive income (loss) (G) (32)          
Balance at Sep. 30, 2023 6,092 2 9,179 (1,125) (3,547) 1,583
Balance at Mar. 31, 2023 6,296 2 9,162 (819) (3,655) 1,606
Net income (loss) (121)     (102)   (19)
Other comprehensive income (loss) (G) 270       261 9
Stock-based compensation 11   11      
Dividends paid on Alcoa common stock ($0.10 per share) (18)     (18)    
Contributions 36         36
Distributions (16)         (16)
Balance at Jun. 30, 2023 6,458 2 9,173 (939) (3,394) 1,616
Net income (loss) (193)     (168)   (25)
Other comprehensive income (loss) (G) (201)       (153) (48)
Stock-based compensation 6   6      
Dividends paid on Alcoa common stock ($0.10 per share) (18)     (18)    
Contributions 42         42
Distributions (2)         (2)
Balance at Sep. 30, 2023 6,092 2 9,179 (1,125) (3,547) 1,583
Balance at Dec. 31, 2023 5,845 2 9,187 (1,293) (3,645) 1,594
Net income (loss) (307)     (252)   (55)
Other comprehensive income (loss) (G) (36)       17 (53)
Stock-based compensation 10   10      
Net effect of tax withholding for compensation plans and exercise of stock options (15)   (15)      
Dividends paid on Alcoa common stock ($0.10 per share) (19)     (19)    
Contributions 61         61
Distributions (6)         (6)
Other 1   2     (1)
Balance at Mar. 31, 2024 5,534 2 9,184 (1,564) (3,628) 1,540
Balance at Dec. 31, 2023 5,845 2 9,187 (1,293) (3,645) 1,594
Net income (loss) (178)          
Other comprehensive income (loss) (G) (99)          
Balance at Sep. 30, 2024 5,250 3 11,487 (1,498) (4,742)  
Balance at Mar. 31, 2024 5,534 2 9,184 (1,564) (3,628) 1,540
Net income (loss) 31     20   11
Other comprehensive income (loss) (G) (121)       (109) (12)
Stock-based compensation 12   12      
Dividends paid on Alcoa common stock ($0.10 per share) (18)     (18)    
Contributions 4         4
Distributions (26)         (26)
Balance at Jun. 30, 2024 5,416 2 9,196 (1,562) (3,737) 1,517
Net income (loss) 98     90   8
Other comprehensive income (loss) (G) 58       94 (36)
Stock-based compensation 9   9      
Dividends paid on Alcoa common stock ($0.10 per share) (26)     (26)    
Distributions (17)         (17)
Acquisition of noncontrolling interest (C) (288) 1 2,282   (1,099) $ (1,472)
Balance at Sep. 30, 2024 $ 5,250 $ 3 $ 11,487 $ (1,498) $ (4,742)