Earnings Per Share and Common Stock (Tables)

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Schedule of Reconciliation of Information Used to Compute Basic and Diluted EPS

The information used to compute basic and diluted EPS attributable to Howmet common shareholders was as follows (shares in millions in the table below):

	First quarter ended
	March 31,
	2026		2025
Net income	$	580	$	344
Less: preferred stock dividends declared	—		1
Net income available to Howmet Aerospace common shareholders - basic and diluted	$	580	$	343
Average shares outstanding - basic	401		405
Effect of dilutive securities:
Stock and performance awards	2		2
Average shares outstanding - diluted	403		407

Schedule of Share Repurchases

The following table provides details for share repurchases made for the periods presented:

	Number of shares(1)	Average price per share(2)		Total
2026 open market repurchases as of March 31, 2026	1,301,914	$	230.43	$	300
2025 open market repurchases as of March 31, 2025	1,006,102	$	124.24	$	125

(1)All of the shares repurchased have been retired.

(2)Excludes commissions cost.