Arconic Inc. Separation Transaction and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations

The results of operations of Arconic Corporation are presented as discontinued operations in the Statement of Consolidated Operations as summarized below:

	Second quarter ended		Six months ended
	June 30,		June 30,
	2020		2020
Sales	$	—	$	1,575
Cost of goods sold	—		1,293
Selling, general administrative, research and development and other expenses	5		106
Provision for depreciation and amortization	—		58
Restructuring and other charges	—		(18)
Operating (loss) income from discontinued operations	(5)		136
Interest expense	—		7
Other expense, net	—		41
(Loss) income from discontinued operations	(5)		88
Provision for income taxes	7		38
(Loss) income from discontinued operations after income taxes	$	(12)	$	50

The following table presents purchases of properties, plants, and equipment, proceeds from the sale of businesses and the provision for depreciation and amortization of discontinued operations related to Arconic Corporation:

	Second quarter ended		Six months ended
	June 30,		June 30,
	2020		2020
Capital expenditures	$	—	$	72
Proceeds from the sales of businesses	$	—	$	112
Provision for depreciation and amortization	$	—	$	58