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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Sales (C & D) $ 3,524 $ 3,236 $ 10,542 $ 9,689
Cost of goods sold (exclusive of expenses below) 2,881 2,591 8,552 7,598
Selling, general administrative, and other expenses 134 152 464 569
Research and development expenses 25 24 77 81
Provision for depreciation and amortization 141 140 427 410
Restructuring and other charges (E) (2) 19 20 118
Operating income 345 310 1,002 913
Interest expense (N) 88 100 291 398
Other expense (income), net (F) 8 38 69 (410)
Income before income taxes 249 172 642 925
Provision for income taxes (H) 88 53 218 272
Net income 161 119 424 653
Amounts Attributable to Arconic Common Shareholders (I):        
Net income $ 160 $ 101 $ 422 $ 600
Earnings per share - basic (in usd per share) $ 0.33 $ 0.23 $ 0.87 $ 1.36
Earnings per share - diluted (in usd per share) 0.32 0.22 0.86 1.31
Dividends paid per share (in usd per share) $ 0.06 $ 0.06 $ 0.18 $ 0.18
Average Shares Outstanding (I):        
Average shares outstanding - basic (in shares) 483 442 483 441
Average shares outstanding - diluted (in shares) 502 462 503 501