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Statement of Consolidated Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Sales (E) $ 2,833 $ 2,148 $ 5,703 $ 4,529
Cost of goods sold (exclusive of expenses below) 2,156 1,932 4,448 3,957
Selling, general administrative, and other expenses 54 44 106 104
Research and development expenses 6 5 13 12
Provision for depreciation, depletion, and amortization 161 152 343 322
Restructuring and other charges, net (D) 33 37 40 39
Interest expense 67 32 109 62
Other (income) expenses, net (Q) (105) 51 (129) (81)
Total costs and expenses 2,372 2,253 4,930 4,415
Income (loss) before income taxes 461 (105) 773 114
Provision for income taxes 111 45 204 125
Net income (loss) 350 (150) 569 (11)
Less: Net income attributable to noncontrolling interest 41 47 85 106
NET INCOME (LOSS) ATTRIBUTABLE TO ALCOA CORPORATION $ 309 $ (197) $ 484 $ (117)
EARNINGS PER SHARE ATTRIBUTABLE TO ALCOA CORPORATION COMMON SHAREHOLDERS (F):        
Basic $ 1.66 $ (1.06) $ 2.60 $ (0.63)
Diluted $ 1.63 $ (1.06) $ 2.56 $ (0.63)