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Statement of Combined Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total sales $ 1,890 $ 1,415 $ 5,366 $ 4,213
Cost of goods sold (exclusive of expenses below) 1,676 1,218 4,674 3,614
Selling, general administrative, and other expenses 63 59 183 194
Research and development expenses 8 8 25 27
Provision for depreciation and amortization 61 63 186 191
Restructuring and other charges (E) 14 3 612 61
Operating income (loss) 68 64 (314) 126
Interest expense 26 22 74 97
Other expenses, net 15 27 52 69
Income (Loss) before income taxes 27 15 (440) (40)
Provision (Benefit) for income taxes 11 10 (81) 5
Net income (loss) 16 5 (359) (45)
Less: Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Arconic Corporation $ 16 $ 5 $ (359) $ (45)
Earnings Per Share Attributable to Arconic Corporation Common Stockholders        
Basic $ 0.15 $ 0.05 $ (3.28) $ (0.41)
Diluted $ 0.15 $ 0.05 $ (3.28) $ (0.41)