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