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Statement of Combined Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Total Sales $ 1,187 $ 1,923 $ 2,798 $ 3,764
Cost of goods sold (exclusive of expenses below) 1,046 1,671 2,373 3,267
Selling, general administrative, and other expenses 55 87 135 173
Research and development expenses 8 11 19 25
Provision for depreciation and amortization 68 64 128 127
Restructuring and other charges (E) 77 38 58 40
Operating (loss) income (67) 52 85 132
Interest expense 40 29 75 57
Other expenses (income), net (F) 16 10 42 (4)
(Loss) Income before income taxes (123) 13 (32) 79
(Benefit) Provision for income taxes (H) (31) 8 0 33
Net (loss) income (92) 5 (32) 46
Less: Net income attributable to noncontrolling interest 0 0 0 0
Net (loss) income attributable to Arconic Corporation $ (92) $ 5 $ (32) $ 46
Earnings per Share Attributable to Arconic Corporation Common Shareholders (I):        
Basic (in dollars per share) $ (0.84) $ 0.04 $ (0.29) $ 0.42
Diluted (in dollars per share) $ (0.84) $ 0.04 $ (0.29) $ 0.42
Sales to unrelated parties        
Total Sales $ 1,165 $ 1,874 $ 2,741 $ 3,663
Sales to related parties        
Total Sales $ 22 $ 49 $ 57 $ 101