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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2024
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Carrying Value of Recorded AROs by Major Category

The following table details the carrying value of recorded AROs by major category, of which $204 and $217 was classified as a current liability as of December 31, 2024 and 2023, respectively:

December 31,

 

2024

 

 

2023

 

Closure of bauxite residue areas

 

$

396

 

 

$

437

 

Mine reclamation

 

 

321

 

 

 

328

 

Spent pot lining disposal

 

 

103

 

 

 

124

 

Demolition

 

 

50

 

 

 

76

 

Landfill closure

 

 

25

 

 

 

24

 

Balance at end of year

 

$

895

 

 

$

989

 

Schedule of Changes in Carrying Value of Recorded AROs

The following table details the changes in the total carrying value of recorded AROs:

December 31,

 

2024

 

 

2023

 

Balance at beginning of year

 

$

989

 

 

$

828

 

Accretion expense

 

 

38

 

 

 

33

 

Liabilities incurred

 

 

160

 

 

 

254

 

Payments

 

 

(196

)

 

 

(148

)

Reversals of previously recorded liabilities

 

 

(10

)

 

 

(8

)

Foreign currency translation and other

 

 

(86

)

 

 

30

 

Balance at end of year

 

$

895

 

 

$

989

 

 

Schedule of Estimated Timing of Cash Outflows on Asset Retirement Obligations

The estimated timing of cash outflows for recorded AROs at December 31, 2024 was as follows:

2025

$

204

 

2026 – 2029

 

522

 

Thereafter

 

169

 

Total

$

895