Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Operating Results of Arconic's Reportable Segments

The operating results of the Company’s reportable segments were as follows. Differences between total segment and consolidated totals are in Corporate.


	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
Third quarter ended September 30, 2020
Sales:
Third-party sales	$	485	$	271	$	206	$	172	$	1,134
Inter-segment sales	1		—		1		—		2
Total sales	$	486	$	271	$	207	$	172	$	1,136
Profit and loss:
Segment operating profit	$	39	$	33	$	10	$	35	$	117
Restructuring and other charges	9		—		9		—		18
Provision for depreciation and amortization	31		12		13		10		66
Capital expenditures	15		9		3		6		33

Third quarter ended September 30, 2019
Sales:
Third-party sales	$	844	$	391	$	318	$	241	$	1,794
Inter-segment sales	1		—		4		—		5
Total sales	$	845	$	391	$	322	$	241	$	1,799
Profit and loss:
Segment operating profit	$	161	$	102	$	40	$	60	$	363
Restructuring and other charges	43		—		1		—		44
Provision for depreciation and amortization	31		12		15		8		66
Capital expenditures	39		7		4		11		61

	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
Nine months ended September 30, 2020
Sales:
Third-party sales	$	1,851	$	982	$	710	$	476	$	4,019
Inter-segment sales	4		—		6		—		10
Total sales	$	1,855	$	982	$	716	$	476	$	4,029
Profit and loss:
Segment operating profit	$	309	$	199	$	57	$	91	$	656
Restructuring and other charges	44		26		21		3		94
Provision for depreciation and amortization	92		36		40		29		197
Capital expenditures	48		24		11		17		100

Nine months ended September 30, 2019
Sales:
Third-party sales	$	2,492	$	1,185	$	943	$	752	$	5,372
Inter-segment sales	9		—		10		—		19
Total sales	$	2,501	$	1,185	$	953	$	752	$	5,391
Profit and loss:
Segment operating profit	$	465	$	297	$	81	$	193	$	1,036
Restructuring and other charges	296		6		198		5		505
Provision for depreciation and amortization	100		36		46		24		206
Capital expenditures	165		24		22		56		267

Schedule of Segment Reporting Information to Consolidated Income Before income Taxes

The following table reconciles Total segment operating profit to Income (loss) from continuing operations before income taxes:


	Third quarter ended				Nine months ended
	September 30,				September 30,
	2020		2019		2020		2019
Total segment operating profit	$	117	$	363	$	656	$	1,036
Unallocated amounts:
Restructuring and other charges	(22)		(56)		(166)		(572)
Corporate expense	(22)		(51)		(85)		(170)
Consolidated operating income	$	73	$	256	$	405	$	294
Interest expense, net	(77)		(85)		(305)		(256)
Other expense, net	(8)		(8)		—		(26)
Income (loss) from continuing operations before income taxes	$	(12)	$	163	$	100	$	12

Reconciliation of Capital Expenditures from Segments to Consolidated

The following table reconciles Total segment capital expenditures, which are presented on an accrual basis, with Capital expenditures as presented on the statement of cash flows. Differences between segment and consolidated totals are in Corporate and discontinued operations, including the impact of changes in accrued capital expenditures during the period.


	Third quarter ended				Nine months ended
	September 30,				September 30,
	2020		2019		2020		2019
Total segment capital expenditures	$	33	$	61	$	100	$	267
Corporate and discontinued operations	3		66		120		265
Capital expenditures	$	36	$	127	$	220	$	532

Disaggregation of Revenue by Major End Market Served

The following table disaggregates segment revenue by major end market served. Differences between total segment and consolidated totals are in Corporate.


	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
Third quarter ended September 30, 2020
Aerospace - Commercial	$	199	$	169	$	104	$	—	$	472
Aerospace - Defense	142		37		82		—		261
Commercial Transportation	—		38		—		172		210
Industrial and Other	144		27		20		—		191
Total end-market revenue	$	485	$	271	$	206	$	172	$	1,134

Third quarter ended September 30, 2019
Aerospace - Commercial	$	571	$	267	$	226	$	—	$	1,064
Aerospace - Defense	120		41		65		—		226
Commercial Transportation	5		59		—		241		305
Industrial and Other	148		24		27		—		199
Total end-market revenue	$	844	$	391	$	318	$	241	$	1,794

Nine months ended September 30, 2020
Aerospace - Commercial	$	1,018	$	650	$	432	$	—	$	2,100
Aerospace - Defense	394		120		216		—		730
Commercial Transportation	—		118		—		476		594
Industrial and Other	439		94		62		—		595
Total end-market revenue	$	1,851	$	982	$	710	$	476	$	4,019

Nine months ended September 30, 2019
Aerospace - Commercial	$	1,689	$	803	$	672	$	—	$	3,164
Aerospace - Defense	350		115		194		—		659
Commercial Transportation	17		179		—		754		950
Industrial and Other	436		88		77		(2)		599
Total end-market revenue	$	2,492	$	1,185	$	943	$	752	$	5,372