XML 119 R98.htm IDEA: XBRL DOCUMENT v3.24.0.1
Financial Instruments and Risk Management - General (Details)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
USD ($)
approach
$ / shares
shares
Commodity  
Financial Instruments and Risk Management  
Number of methods through which entity manages commodity price risk in connection with market price fluctuations of aluminum ingot | approach 2
Notional amount of contracts $ 1,162
Net gain (loss) included in AOCI, after-tax (4)
Net gain (loss) included in AOCI, after-tax, expected to be recognized in net earnings within the next 12 months $ (4)
Commodity | Cash Flow Hedging  
Financial Instruments and Risk Management  
Longest duration of forecasted cash flow hedge transactions in years 2 years
Currency  
Financial Instruments and Risk Management  
Notional amount of contracts $ 3,264
Currency | Cash Flow Hedging  
Financial Instruments and Risk Management  
Longest duration of forecasted cash flow hedge transactions in years 2 years
Interest Rate  
Financial Instruments and Risk Management  
Notional amount of contracts $ 600
Net gain (loss) included in AOCI, after-tax 5
Net gain (loss) included in AOCI, after-tax, expected to be recognized in net earnings within the next 12 months $ 5
Interest Rate | Cash Flow Hedging  
Financial Instruments and Risk Management  
Longest duration of forecasted cash flow hedge transactions in years 4 years
Equity contracts  
Financial Instruments and Risk Management  
Combined notional value (in shares) | shares 2.3
Change in company's stock price (in dollars per share) | $ / shares $ 1