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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Sales (C) $ 1,648 $ 1,393 $ 3,251 $ 2,717
Cost of goods sold (exclusive of expenses below) 1,196 987 2,360 1,937
Selling, general administrative, and other expenses 88 83 163 152
Research and development expenses 9 9 18 16
Provision for depreciation and amortization 67 67 136 133
Restructuring and other charges (D) 3 6 4 8
Operating income 285 241 570 471
Loss on debt redemption (N) 0 2 1 2
Interest expense, net 55 57 112 115
Other income, net (F)(P) (13) (1) (6) 0
Income before income taxes 243 183 463 354
Provision for income taxes (G) 50 36 122 76
Net income 193 147 341 278
Amounts Attributable to Howmet Aerospace Common Shareholders (H):        
Net income 193 147 340 277
Net income $ 193 $ 147 $ 340 $ 277
Earnings per share:        
Basic (in usd per share) $ 0.47 $ 0.35 $ 0.82 $ 0.66
Diluted (in usd per share) $ 0.46 $ 0.35 $ 0.81 $ 0.66
Average Shares Outstanding (H):        
Basic (in shares) 413 417 413 418
Diluted (in shares) 417 422 417 423