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Restructuring and Other Charges, Net (Tables)
6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Other Charges, Net by Reportable Segments, Pretax

Alcoa Corporation does not include Restructuring and other charges, net in the results of its reportable segments. The impact of allocating such charges to segment results would have been as follows:

 

 

Second quarter ended
June 30,

 

 

Six months ended
June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Alumina

 

$

 

 

$

8

 

 

$

 

 

$

205

 

Aluminum

 

 

6

 

 

 

 

 

 

9

 

 

 

 

Segment total

 

 

6

 

 

 

8

 

 

 

9

 

 

 

205

 

Corporate

 

 

8

 

 

 

10

 

 

 

10

 

 

 

15

 

Total Restructuring and other charges, net

 

$

14

 

 

$

18

 

 

$

19

 

 

$

220

 

 

Activity and Reserve Balances for Restructuring Charges

Activity and reserve balances for restructuring charges were as follows:

 

 

Severance
and
employee
termination
costs

 

 

Other
costs

 

 

Total

 

Balance at December 31, 2023

 

$

6

 

 

$

57

 

 

$

63

 

Restructuring and other charges, net

 

 

44

 

 

 

264

 

 

 

308

 

Cash payments

 

 

(38

)

 

 

(145

)

 

 

(183

)

Reversals and other

 

 

1

 

 

 

(8

)

 

 

(7

)

Balance at December 31, 2024

 

 

13

 

 

 

168

 

 

 

181

 

Restructuring and other charges, net

 

 

1

 

 

 

(2

)

 

 

(1

)

Cash payments

 

 

(1

)

 

 

(102

)

 

 

(103

)

Reversals and other

 

 

(1

)

 

 

8

 

 

 

7

 

Balance at June 30, 2025

 

$

12

 

 

$

72

 

 

$

84