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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales $ 1,283 $ 1,134 $ 3,687 $ 4,021
Cost of goods sold (exclusive of expenses below) 928 900 2,658 3,006
Selling, general administrative, and other expenses 70 66 190 219
Research and development expenses 4 5 13 13
Provision for depreciation and amortization 68 68 203 212
Restructuring and other charges 8 22 22 166
Operating income 205 73 601 405
Loss on debt redemption 118 0 141 64
Interest expense, net 63 77 201 241
Other expense, net 1 8 13 0
Income (loss) before income taxes 23 (12) 246 100
(Benefit) provision for income taxes (4) (48) 65 (5)
Income from continuing operations after income taxes 27 36 181 105
Income from discontinued operations after income taxes 0 0 0 50
Net income 27 36 181 155
Amounts Attributable to Howmet Aerospace Common Shareholders:        
Net income 26 35 179 153
Net income $ 26 $ 35 $ 179 $ 153
Earnings per share - basic        
Continuing operations (in usd per share) $ 0.06 $ 0.08 $ 0.42 $ 0.24
Discontinued operations (in usd per share) 0 0 0 0.11
Earnings per share - diluted        
Continuing operations (in usd per share) 0.06 0.08 0.41 0.23
Discontinued operations (in usd per share) $ 0 $ 0 $ 0 $ 0.11
Average Shares Outstanding:        
Average shares outstanding - basic (in shares) 429 436 431 436
Average shares outstanding - diluted (in shares) 434 439 437 440