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Segment Information (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Operating Results of Arconic's Reportable Segments
The operating results of Arconic’s reportable segments were as follows:
 
Engineered Products and Forgings
 
Global Rolled Products
 
Total
Segment
Third quarter ended September 30, 2019
 
 
 
 
 
Sales:
 
 
 
 
 
Third-party sales
$
1,794

 
$
1,763

 
$
3,557

Intersegment sales

 
41

 
41

Total sales
$
1,794

 
$
1,804

 
$
3,598

Profit and loss:
 
 
 
 
 
Segment operating profit
$
363

 
$
161

 
$
524

Restructuring and other charges
45

 
62

 
107

Provision for depreciation and amortization
65

 
57

 
122

 
 
 
 
 
 
Third quarter ended September 30, 2018
 
 
 
 
 
Sales:
 
 
 
 
 
Third-party sales
$
1,683


$
1,839

 
$
3,522

Intersegment sales

 
44

 
44

Total sales
$
1,683

 
$
1,883

 
$
3,566

Profit and loss:
 
 
 
 
 
Segment operating profit
$
284

 
$
107

 
$
391

Restructuring and other charges
15

 
2

 
17

Provision for depreciation and amortization
73

 
61

 
134


 
Engineered Products and Forgings
 
Global Rolled Products
 
Total
Segment
Nine months ended September 30, 2019
 
 
 
 
 
Sales:
 
 
 
 
 
Third-party sales
$
5,372

 
$
5,415

 
$
10,787

Intersegment sales

 
142

 
142

Total sales
$
5,372

 
$
5,557

 
$
10,929

Profit and loss:
 
 
 
 
 
Segment operating profit
$
1,036

 
$
475

 
$
1,511

Restructuring and other charges
506

 
99

 
605

Provision for depreciation and amortization
206

 
175

 
381

 
 
 
 
 
 
Nine months ended September 30, 2018
 
 
 
 
 
Sales:
 
 
 
 
 
Third-party sales
$
5,083

 
$
5,468

 
$
10,551

Intersegment sales

 
161

 
161

Total sales
$
5,083

 
$
5,629

 
$
10,712

Profit and loss:
 
 
 
 
 
Segment operating profit
$
837

 
$
388

 
$
1,225

Restructuring and other charges
24

 
3

 
27

Provision for depreciation and amortization
217

 
185

 
402


Schedule Of Segment Reporting Information To Consolidate Net Income Loss Attributable To Parent
The following table reconciles Total segment operating profit to Consolidated income before income taxes:
 
Third quarter ended
 
Nine months ended
 
September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Total segment operating profit
$
524

 
$
391

 
$
1,511

 
$
1,225

Unallocated amounts:
 
 
 
 
 
 
 
Restructuring and other charges
(119
)
 
2

 
(630
)
 
(20
)
Corporate expense
(79
)
 
(48
)
 
(262
)
 
(203
)
Consolidated operating income
$
326

 
$
345

 
$
619

 
$
1,002

Interest expense
(86
)
 
(88
)
 
(256
)
 
(291
)
Other expense, net
(31
)
 
(8
)
 
(92
)
 
(69
)
Consolidated income before income taxes
$
209

 
$
249

 
$
271

 
$
642


Reconciliation of Assets from Segment to Consolidated
The following table reconciles Total segment assets to Consolidated assets:
 
September 30, 2019
 
December 31, 2018
Total segment assets
$
15,281

 
$
15,339

Unallocated amounts:
 
 
 
Cash and cash equivalents
1,321

 
2,277

Deferred income taxes
466

 
573

Corporate fixed assets, net
320

 
334

Fair value of derivative contracts
11

 
37

Other
85

 
133

Consolidated assets
$
17,484

 
$
18,693


The total assets of Arconic's reportable segment were as follows:
 
September 30, 2019
 
December 31, 2018
Engineered Products and Forgings
$
10,180

 
$
10,384

Global Rolled Products
5,101

 
4,955

Total segment assets
$
15,281

 
$
15,339


Disaggregation of Revenue by Major End Market Served
The following table disaggregates revenue by major end market served. Differences between segment totals and consolidated Arconic are in Corporate. For the nine months ended September 30, 2018, Corporate included $38 of costs related to settlements of certain customer claims primarily related to product introductions.
 
Engineered
Products and
Forgings
 
Global Rolled
Products
 
Total
Segment
Third quarter ended September 30, 2019
 
 
 
 
 
Aerospace
$
1,290

 
$
300

 
$
1,590

Transportation
319

 
587

 
906

Building and construction

 
329

 
329

Industrial and Other
185

 
547

 
732

Total end-market revenue
$
1,794

 
$
1,763

 
$
3,557

 
 
 
 
 
 
Third quarter ended September 30, 2018
 
 
 
 
 
Aerospace
$
1,190

 
$
274

 
$
1,464

Transportation
319

 
654

 
973

Building and construction

 
352

 
352

Industrial and Other
174

 
559

 
733

Total end-market revenue
$
1,683

 
$
1,839

 
$
3,522

 
 
 
 
 
 
Nine months ended September 30, 2019
 
 
 
 
 
Aerospace
$
3,823

 
$
931

 
$
4,754

Transportation
1,004

 
1,868

 
2,872

Building and construction

 
1,004

 
1,004

Industrial and Other
545

 
1,612

 
2,157

Total end-market revenue
$
5,372

 
$
5,415

 
$
10,787

 
 
 
 
 
 
Nine months ended September 30, 2018
 
 
 
 
 
Aerospace
$
3,519

 
$
802

 
$
4,321

Transportation
981

 
1,914

 
2,895

Building and construction

 
1,033

 
1,033

Industrial and Other
583

 
1,719

 
2,302

Total end-market revenue
$
5,083

 
$
5,468

 
$
10,551