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Statement of Changes in Consolidated Equity (unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Capital [Member]
Retained Earnings (Deficit) [Member]
Accumulated Other Comprehensive Loss [Member]
Non-controlling Interest [Member]
Balance at Dec. 31, 2020 $ 5,016 $ 2 $ 9,663 $ (725) $ (5,629) $ 1,705
Net income 219     175   44
Other comprehensive (loss) income (311)       (249) (62)
Stock-based compensation 8   8      
Common stock issued: compensation plans 4   4      
Distributions (62)         (62)
Other (1)   (1)      
Balance at Mar. 31, 2021 4,873 2 9,674 (550) (5,878) 1,625
Balance at Dec. 31, 2020 5,016 2 9,663 (725) (5,629) 1,705
Net income 939          
Other comprehensive (loss) income (370)          
Balance at Sep. 30, 2021 5,461 2 9,708 96 (5,928) 1,583
Balance at Mar. 31, 2021 4,873 2 9,674 (550) (5,878) 1,625
Net income 350     309   41
Other comprehensive (loss) income 250       191 59
Stock-based compensation 10   10      
Common stock issued: compensation plans 10   10      
Distributions (75)         (75)
Other     1     (1)
Balance at Jun. 30, 2021 5,418 2 9,695 (241) (5,687) 1,649
Net income 370     337   33
Other comprehensive (loss) income (309)       (241) (68)
Stock-based compensation 8   8      
Common stock issued: compensation plans 5   5      
Contributions 8         8
Distributions (40)         (40)
Other 1         1
Balance at Sep. 30, 2021 5,461 2 9,708 96 (5,928) 1,583
Balance at Dec. 31, 2021 6,284 2 9,577 (315) (4,592) 1,612
Net income 553     469   84
Other comprehensive (loss) income (382)       (482) 100
Stock-based compensation 9   9      
Common stock issued: compensation plans 2   2      
Repurchase of common stock (75)   (54) (21)    
Dividends paid on Alcoa common stock (19)     (19)    
Contributions 46         46
Distributions (162)         (162)
Other 1   3     (2)
Balance at Mar. 31, 2022 6,257 2 9,537 114 (5,074) 1,678
Balance at Dec. 31, 2021 6,284 2 9,577 (315) (4,592) 1,612
Net income 458          
Other comprehensive (loss) income 842          
Balance at Sep. 30, 2022 6,892 2 9,171 (158) (3,644) 1,521
Balance at Mar. 31, 2022 6,257 2 9,537 114 (5,074) 1,678
Net income 674     549   125
Other comprehensive (loss) income 688       819 (131)
Stock-based compensation 11   11      
Common stock issued: compensation plans 1   1      
Repurchase of common stock (275)   (236) (39)    
Dividends paid on Alcoa common stock (18)     (18)    
Contributions 37         37
Distributions (83)         (83)
Balance at Jun. 30, 2022 7,292 2 9,313 606 (4,255) 1,626
Net income (769)     (746)   (23)
Other comprehensive (loss) income 536       611 (75)
Stock-based compensation 8   8      
Repurchase of common stock (150)   (150)      
Dividends paid on Alcoa common stock (18)     (18)    
Contributions 67         67
Distributions (74)         (74)
Balance at Sep. 30, 2022 $ 6,892 $ 2 $ 9,171 $ (158) $ (3,644) $ 1,521