Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Operating Results of Arconic's Reportable Segments

The operating results of the Company’s reportable segments were as follows.

	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
First quarter ended March 31, 2022
Sales:
Third-party sales	$	631	$	264	$	182	$	247	$	1,324
Inter-segment sales	1		—		1		—		2
Total sales	$	632	$	264	$	183	$	247	$	1,326
Profit and loss:
Provision for depreciation and amortization	31		12		12		10		65
Segment Adjusted EBITDA	173		56		23		67		319
Restructuring and other charges (credits)	3		(3)		2		—		2
Capital expenditures	27		15		7		9		58
First quarter ended March 31, 2021
Sales:
Third-party sales	$	534	$	272	$	176	$	227	$	1,209
Inter-segment sales	1		—		1		—		2
Total sales	$	535	$	272	$	177	$	227	$	1,211
Profit and loss:
Provision for depreciation and amortization	31		12		12		10		65
Segment Adjusted EBITDA	132		57		22		80		291
Restructuring and other charges	5		2		1		—		8
Capital expenditures	11		5		5		9		30

Schedule of Segment Reporting Information to Consolidated Income Before income Taxes

The following table reconciles Total Segment Adjusted EBITDA to Income before income taxes:

	First quarter ended
	March 31,
	2022		2021
Total Segment Adjusted EBITDA	$	319	$	291
Segment provision for depreciation and amortization	(65)		(65)
Unallocated amounts:
Restructuring and other charges	(2)		(9)
Corporate expense	(22)		(28)
Operating income	$	230	$	189
Interest expense, net	(58)		(72)
Other expense, net	(1)		(4)
Income before income taxes	$	171	$	113

Reconciliation of Capital Expenditures from Segments to Consolidated

The following table reconciles total segment capital expenditures with Capital expenditures as presented in the Statement of Consolidated Cash Flows.

	First quarter ended
	March 31,
	2022		2021
Total segment capital expenditures	$	58	$	30
Corporate	4		25
Capital expenditures	$	62	$	55

Disaggregation of Revenue by Major End Market Served

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

	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
First quarter ended March 31, 2022
Aerospace - Commercial	$	329	$	148	$	109	$	—	$	586
Aerospace - Defense	137		32		57		—		226
Commercial Transportation	—		53		—		247		300
Industrial and Other	165		31		16		—		212
Total end-market revenue	$	631	$	264	$	182	$	247	$	1,324
First quarter ended March 31, 2021
Aerospace - Commercial	$	227	$	148	$	80	$	—	$	455
Aerospace - Defense	151		42		77		—		270
Commercial Transportation	—		46		—		227		273
Industrial and Other	156		36		19		—		211
Total end-market revenue	$	534	$	272	$	176	$	227	$	1,209