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Statement of Consolidated Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales (E) $ 3,109 $ 2,365 $ 8,812 $ 6,894
Cost of goods sold (exclusive of expenses below) 2,322 2,038 6,770 5,995
Selling, general administrative, and other expenses 53 47 159 151
Research and development expenses 8 6 21 18
Provision for depreciation, depletion, and amortization 156 161 499 483
Restructuring and other charges, net (D) 33 5 73 44
Interest expense 58 41 167 103
Other (income) expenses, net (Q) (18) 45 (147) (36)
Total costs and expenses 2,612 2,343 7,542 6,758
Income before income taxes 497 22 1,270 136
Provision for income taxes 127 42 331 167
Net income (loss) 370 (20) 939 (31)
Less: Net income attributable to noncontrolling interest 33 29 118 135
NET INCOME (LOSS) ATTRIBUTABLE TO ALCOA CORPORATION $ 337 $ (49) $ 821 $ (166)
EARNINGS PER SHARE ATTRIBUTABLE TO ALCOA CORPORATION COMMON SHAREHOLDERS (F):        
Basic $ 1.80 $ (0.26) $ 4.40 $ (0.89)
Diluted $ 1.76 $ (0.26) $ 4.32 $ (0.89)