Statement of Consolidated Cash Flows (unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net income	$ 119	$ 66
Adjustments to reconcile net income to cash used for operations:
Depreciation and amortization	203	276
Deferred income taxes	25	(78)
Restructuring and other charges	126	511
Net loss from investing activities—asset sales	4	4
Net periodic pension benefit cost (G)	34	58
Stock-based compensation	23	27
Other	48	14
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:
(Increase) in receivables	(70)	(743)
(Increase) in inventories	(136)	(117)
(Increase) decrease in prepaid expenses and other current assets	(11)	18
(Decrease) in accounts payable, trade	(403)	(29)
(Decrease) in accrued expenses	(173)	(46)
Increase in taxes, including income taxes	96	41
Pension contributions	(102)	(140)
(Increase) in noncurrent assets	(6)	(5)
(Decrease) in noncurrent liabilities	(37)	(9)
Cash used for operations	(260)	(152)
Financing Activities
Net change in short-term borrowings (original maturities of three months or less)	(2)	0
Additions to debt (original maturities greater than three months) (B)(O)	2,400	226
Debt issuance costs (B)(O)	(61)	0
Payments on debt (original maturities greater than three months) (O)	(2,041)	(226)
Premiums paid on early redemption of debt (O)	(59)	0
Proceeds from exercise of employee stock options	30	11
Dividends paid to shareholders	(10)	(39)
Repurchase of common stock	0	(900)
Net cash transferred to Arconic Corporation at separation (B)	(500)	0
Other	(34)	(14)
Cash used for financing activities	(277)	(942)
Investing Activities
Capital expenditures	(101)	(304)
Proceeds from the sale of assets and businesses (B)	114	12
Sale of debt securities	0	47
Cash receipts from sold receivables (K)	114	417
Other	0	(1)
Cash provided from investing activities	127	171
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(8)	1
Net change in cash, cash equivalents and restricted cash	(418)	(922)
Cash, cash equivalents and restricted cash at beginning of period	1,703	2,282
Cash, cash equivalents and restricted cash at end of period	$ 1,285	$ 1,360