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Statement of Consolidated Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash from Operations      
Net income (loss) $ 642,000,000 $ (74,000,000) $ (878,000,000)
Adjustments to reconcile net income (loss) to cash provided from (used for) operations:      
Depreciation and amortization 576,000,000 551,000,000 1,132,000,000
Deferred income taxes 31,000,000 434,000,000 1,125,000,000
Equity income, net of dividends 0 0 42,000,000
Impairment of goodwill (A and O) 0 719,000,000 0
Restructuring and other charges 9,000,000 165,000,000 257,000,000
Net loss (gain) from investing activities - asset sales 10,000,000 (513,000,000) (156,000,000)
Net periodic pension benefit cost (G) 130,000,000 217,000,000 304,000,000
Stock-based compensation 50,000,000 67,000,000 86,000,000
Other 75,000,000 112,000,000 63,000,000
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:      
(Increase) in receivables (A) (1,142,000,000) (915,000,000) (1,016,000,000)
(Increase) in inventories (74,000,000) (192,000,000) (29,000,000)
(Increase) decrease in prepaid expenses and other current assets (1,000,000) 11,000,000 (76,000,000)
Increase in accounts payable, trade 339,000,000 62,000,000 232,000,000
(Decrease) in accrued expenses (190,000,000) (116,000,000) (394,000,000)
Increase (decrease) in taxes, including income taxes 104,000,000 (23,000,000) 93,000,000
Pension contributions (298,000,000) (310,000,000) (290,000,000)
(Increase) in noncurrent assets (20,000,000) (41,000,000) (152,000,000)
(Decrease) in noncurrent liabilities (24,000,000) (193,000,000) (248,000,000)
Cash provided from (used for) operations 217,000,000 (39,000,000) 95,000,000
Financing Activities      
Net change in short-term borrowings (original maturities of three months or less) (7,000,000) (2,000,000) (3,000,000)
Additions to debt (original maturities greater than three months) (P) 600,000,000 816,000,000 1,962,000,000
Payments on debt (original maturities greater than three months) (P) (1,103,000,000) (1,634,000,000) (2,734,000,000)
Premiums paid on early redemption of debt (A and P) (17,000,000) (52,000,000) (3,000,000)
Proceeds from exercise of employee stock options 16,000,000 50,000,000 4,000,000
Dividends paid to shareholders (119,000,000) (162,000,000) (228,000,000)
Distributions to noncontrolling interests 0 (14,000,000) (226,000,000)
Contributions from noncontrolling interests 0 0 51,000,000
Net cash transferred from Alcoa Corporation at separation 0 0 421,000,000
Other (19,000,000) (17,000,000) (1,000,000)
Cash used for financing activities (649,000,000) (1,015,000,000) (757,000,000)
Investing Activities      
Capital expenditures (768,000,000) (596,000,000) (1,125,000,000)
Acquisitions, net of cash acquired (S) 0 0 10,000,000
Proceeds from the sale of assets and businesses (S) 309,000,000 (9,000,000) 692,000,000
Sales of investments (S and V) 9,000,000 890,000,000 280,000,000
Cash receipts from sold receivables (A and L) 1,016,000,000 792,000,000 778,000,000
Other (V) (1,000,000) 243,000,000 (44,000,000)
Cash provided from investing activities 565,000,000 1,320,000,000 591,000,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4,000,000) 9,000,000 (8,000,000)
Net change in cash, cash equivalents and restricted cash (A) 129,000,000 275,000,000 (79,000,000)
Cash, cash equivalents and restricted cash at beginning of year (A) 2,153,000,000 1,878,000,000 1,957,000,000
Cash, cash equivalents and restricted cash at end of year (A) $ 2,282,000,000 $ 2,153,000,000 $ 1,878,000,000