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Restructuring and Other Charges, Net (Tables)
12 Months Ended
Dec. 31, 2020
Restructuring And Related Activities [Abstract]  
Schedule of Restructuring and Other Charges, Net

Restructuring and other charges, net for each year in the three-year period ended December 31, 2020 were comprised of the following:

 

 

 

2020

 

 

2019

 

 

2018

 

Settlements and/or curtailments related to retirement benefits (O)

 

$

58

 

 

$

119

 

 

$

331

 

Severance and employee termination costs

 

 

16

 

 

 

51

 

 

 

2

 

Asset impairments

 

 

2

 

 

 

225

 

 

 

18

 

Asset retirement obligations (R)

 

 

2

 

 

 

75

 

 

 

5

 

Environmental remediation (S)

 

 

1

 

 

 

69

 

 

 

2

 

Loss on divestitures

 

 

 

 

 

446

 

 

 

 

Allowance on value-added tax credits (U)

 

 

 

 

 

 

 

 

107

 

Power contract payments – non-recurring

 

 

 

 

 

 

 

 

62

 

Other

 

 

36

 

 

 

52

 

 

 

48

 

Reversals of previously recorded layoff and other costs

 

 

(11

)

 

 

(6

)

 

 

(48

)

Restructuring and other charges, net

 

$

104

 

 

$

1,031

 

 

$

527

 

 

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:

 

 

 

2020

 

 

2019

 

 

2018

 

Bauxite

 

$

1

 

 

$

5

 

 

$

1

 

Alumina

 

 

5

 

 

 

272

 

 

 

112

 

Aluminum

 

 

53

 

 

 

611

 

 

 

102

 

Segment total

 

 

59

 

 

 

888

 

 

 

215

 

Corporate

 

 

45

 

 

 

143

 

 

 

312

 

Total Restructuring and other charges, net

 

$

104

 

 

$

1,031

 

 

$

527

 

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

 

Balances at December 31, 2017

 

$

11

 

 

$

34

 

 

$

45

 

Restructuring charges, net

 

 

2

 

 

 

109

 

 

 

111

 

Cash payments

 

 

(7

)

 

 

(95

)

 

 

(102

)

Reversals and other

 

 

(1

)

 

 

(6

)

 

 

(7

)

Balances at December 31, 2018

 

 

5

 

 

 

42

 

 

 

47

 

Restructuring charges, net

 

 

51

 

 

 

161

 

 

 

212

 

Cash payments

 

 

(19

)

 

 

(99

)

 

 

(118

)

Reversals and other

 

 

(2

)

 

 

(2

)

 

 

(4

)

Balances at December 31, 2019

 

 

35

 

 

 

102

 

 

 

137

 

Restructuring charges, net

 

 

16

 

 

 

36

 

 

 

52

 

Cash payments

 

 

(41

)

 

 

(79

)

 

 

(120

)

Reversals and other

 

 

(4

)

 

 

(2

)

 

 

(6

)

Balances at December 31, 2020

 

$

6

 

 

$

57

 

 

$

63