Earnings Per Share and Common Stock (Tables)

6 Months Ended

Jun. 30, 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):

	Second quarter ended				Six months ended
	June 30,				June 30,
	2026		2025		2026		2025
Net income	$	534	$	407	$	1,114	$	751
Less: preferred stock dividends declared	—		—		—		1
Net income available to Howmet Aerospace common shareholders - basic and diluted	$	534	$	407	$	1,114	$	750
Average shares outstanding - basic	400		404		400		404
Effect of dilutive securities:
Stock and performance awards	2		2		2		3
Average shares outstanding - diluted	402		406		402		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
Q1 2026 open market repurchase	1,301,914	$	230.43	$	300
Q2 2026 open market repurchase	1,197,056	$	250.61	$	300
2026 open market repurchases as of June 30, 2026	2,498,970	$	240.10	$	600
Q1 2025 open market repurchase	1,006,102	$	124.24	$	125
Q2 2025 open market repurchase	1,229,313	$	142.36	$	175
2025 open market repurchases as of June 30, 2025	2,235,415	$	134.20	$	300

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

(2)Excludes commissions cost.