Other Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Interest Cost Components


	2017		2016		2015
Amount charged to expense	$	104	$	243	$	270
Amount capitalized		17		23		30
	$	121	$	266	$	300

Schedule of Other (Income) Expenses, Net

Other (Income) Expenses, Net


	2017			2016			2015
Equity loss	$	28		$	70		$	89
Foreign currency losses (gains), net		8			8			(39	)
Net gain from asset sales		(116	)		(164	)		(32	)
Net loss on mark-to-market derivative instruments (O)		24			9			26
Other, net		(2	)		(12	)		(2	)
	$	(58	)	$	(89	)	$	42

Schedule of Other Noncurrent Assets

Other Noncurrent Assets


December 31,	2017		2016
Gas supply prepayment (R)	$	510	$	471
Value-added tax credits⁽¹⁾		340		287
Prepaid gas transmission contract (H)		300		270
Goodwill (K)		154		155
Deferred mining costs, net⁽²⁾		139		127
Prepaid pension benefit (N)		72		43
Intangibles, net (K)		62		135
Other		142		180
	$	1,719	$	1,668

⁽¹⁾	The Value-added tax credits relate to two of the Company’s subsidiaries in Brazil, AWAB and Alumínio.

⁽²⁾	As of December 31, 2016, this amount reflects an asset impairment of $72 (see Note D).

Schedule of Other Noncurrent Liabilities and Deferred Credits

Other Noncurrent Liabilities and Deferred Credits


December 31,	2017		2016
Accrued compensation and retirement costs	$	127	$	122
Deferred alumina sales revenue		68		76
Liability related to the resolution of a legal matter*		-		74
Other		84		98
	$	279	$	370

In early 2014, ParentCo and one of Alcoa’s Corporation’s current subsidiaries, AWA, resolved violations of certain provisions of the Foreign Corrupt Practices Act of 1977 with the U.S. Department of Justice and U.S. Securities and Exchange Commission. Under the resolution, ParentCo and AWA agreed to pay a combined $384 over a four-year timeframe. Prior to the Separation Transaction, ParentCo and AWA paid $236 of the total amount. As part of the Separation and Distribution Agreement, Alcoa Corporation assumed ParentCo’s portion of the $148 remaining obligation. The $148 was paid in equal installments of $74 in January 2017 and January 2018.

Schedule of Cash Paid for Interest and Income Taxes

Cash Flow Information

Cash paid for interest and income taxes was as follows:


	2017		2016		2015
Interest, net of amount capitalized	$	100	$	226	$	270
Income taxes, net of amount refunded		363		265		265