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Statement of Consolidated Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales (E) $ 3,644 $ 2,833 $ 6,937 $ 5,703
Cost of goods sold (exclusive of expenses below) 2,767 2,156 4,948 4,448
Selling, general administrative, and other expenses 52 54 96 106
Research and development expenses 7 6 16 13
Provision for depreciation, depletion, and amortization 161 161 321 343
Restructuring and other charges, net (D) (75) 33 50 40
Interest expense 30 67 55 109
Other income, net (Q) (206) (105) (220) (129)
Total costs and expenses 2,736 2,372 5,266 4,930
Income before income taxes 908 461 1,671 773
Provision for income taxes 234 111 444 204
Net income 674 350 1,227 569
Less: Net income attributable to noncontrolling interest 125 41 209 85
NET INCOME ATTRIBUTABLE TO ALCOA CORPORATION $ 549 $ 309 $ 1,018 $ 484
EARNINGS PER SHARE ATTRIBUTABLE TO ALCOA CORPORATION COMMON SHAREHOLDERS (F):        
Basic $ 3.01 $ 1.66 $ 5.55 $ 2.60
Diluted $ 2.95 $ 1.63 $ 5.44 $ 2.56