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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Sales $ 1,433 $ 1,283 $ 4,150 $ 3,687
Cost of goods sold (exclusive of expenses below) 1,056 928 2,993 2,658
Selling, general administrative, and other expenses 73 70 225 190
Research and development expenses 7 4 23 13
Provision for depreciation and amortization 65 68 198 203
Restructuring and other charges 4 8 12 22
Operating income 228 205 699 601
Loss on debt redemption 0 118 2 141
Interest expense, net 57 63 172 201
Other expense, net 67 1 67 13
Income before income taxes 104 23 458 246
Provision (benefit) for income taxes 24 (4) 100 65
Net income 80 27 358 181
Amounts Attributable to Howmet Aerospace Common Shareholders:        
Net income 79 26 356 179
Net income $ 79 $ 26 $ 356 $ 179
Earnings per share:        
Basic (in usd per share) $ 0.19 $ 0.06 $ 0.86 $ 0.42
Diluted (in usd per share) $ 0.19 $ 0.06 $ 0.84 $ 0.41
Average Shares Outstanding:        
Basic (in shares) 415 429 417 431
Diluted (in shares) 420 434 422 437