H. Investments – A summary of unaudited financial information for Alcoa Corporation’s equity investments is as follows (amounts represent 100% of investee financial information):

Second quarter ended June 30, 2020	Saudi Arabia Joint Venture			Mining			Energy			Other
Sales	$	507		$	209		$	47		$	85
Cost of goods sold		446			130			24			75
Net (loss) income		(75	)		(5	)		20			(6	)
Equity in net (loss) income of affiliated companies, before reconciling adjustments		(19	)		3			7			(3	)
Other		(1	)		2			1			5
Alcoa Corporation’s equity in net (loss) income of affiliated companies		(20	)		5			8			2

Second quarter ended June 30, 2019
Sales	$	976		$	187		$	64		$	25
Cost of goods sold		821			132			35			23
Net (loss) income		(57	)		2			26			—
Equity in net (loss) income of affiliated companies, before reconciling adjustments		(14	)		3			10			—
Other		(2	)		(2	)		1			—
Alcoa Corporation’s equity in net (loss) income of affiliated companies		(16	)		1			11			—

Six months ended June 30, 2020
Sales	$	1,092		$	427		$	106		$	158
Cost of goods sold		908			278			50			142
Net (loss) income		(88	)		4			47			(15	)
Equity in net (loss) income of affiliated companies, before reconciling adjustments		(22	)		9			18			(7	)
Other		(4	)		(1	)		(1	)		10
Alcoa Corporation’s equity in net (loss) income of affiliated companies		(26	)		8			17			3

Six months ended June 30, 2019
Sales	$	1,934		$	415		$	127		$	39
Cost of goods sold		1,673			281			64			38
Net (loss) income		(125	)		—			54			(6	)
Equity in net (loss) income of affiliated companies, before reconciling adjustments		(31	)		8			21			(3	)
Other		4			6			1			2
Alcoa Corporation’s equity in net (loss) income of affiliated companies		(27	)		14			22			(1	)

During the second quarter of 2019, Alcoa Corporation and the Saudi Arabian Mining Company (Ma’aden) amended the joint venture agreement that governed the operations of each of the three companies that comprised the joint venture at that time. The amendment resulted in various changes including the divestiture of the Company’s investment in Ma’aden Rolling Company (MRC). As a result, Saudi Arabia Joint Venture only includes MRC’s results for the second quarter and six-month period of 2019.

The Company’s basis in the Elysis^TM Limited Partnership, included in Other in the table above, has been reduced to zero for its share of losses incurred to date. As a result, the Company has $27 in unrecognized losses as of June 30, 2020 that will be recognized upon additional contributions into the partnership.