XML 93 R78.htm IDEA: XBRL DOCUMENT v3.24.3
Financial Instruments and Risk Management - General (Details)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
USD ($)
approach
Sep. 30, 2024
USD ($)
approach
$ / shares
shares
Jul. 31, 2024
USD ($)
Financial Instruments and Risk Management      
Net loss remainder in AOCI $ 15 $ 15  
Interest expense $ 2 $ 2  
Derivative, Excluded Component, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest Expense, Debt Interest Expense, Debt  
Commodity contracts      
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 2  
Notional amount of contracts $ 1,088 $ 1,088  
Net gain (loss) included in AOCI, after-tax $ (2) (2)  
Net gain (loss) included in AOCI, after-tax, expected to be recognized in net earnings within the next 12 months   $ (2)  
Commodity contracts | Cash Flow Hedging      
Financial Instruments and Risk Management      
Longest duration of forecasted cash flow hedge transactions in years 1 year 1 year  
Currency      
Financial Instruments and Risk Management      
Notional amount of contracts $ 2,613 $ 2,613  
Net gain (loss) included in AOCI, after-tax $ (1) (1)  
Net gain (loss) included in AOCI, after-tax, expected to be recognized in net earnings within the next 12 months   $ 8  
Currency | Cash Flow Hedging      
Financial Instruments and Risk Management      
Longest duration of forecasted cash flow hedge transactions in years 1 year 1 year  
Interest Rate      
Financial Instruments and Risk Management      
Notional amount of contracts $ 600 $ 600  
Net gain (loss) included in AOCI, after-tax, expected to be recognized in net earnings within the next 12 months   $ 2  
Interest Rate | First quarter of 2027      
Financial Instruments and Risk Management      
Notional amount of contracts     $ 250
Interest Rate | Second quarter of 2029      
Financial Instruments and Risk Management      
Notional amount of contracts     $ 600
Interest Rate | Cash Flow Hedging      
Financial Instruments and Risk Management      
Longest duration of forecasted cash flow hedge transactions in years 3 years 3 years  
Equity contracts      
Financial Instruments and Risk Management      
Combined notional value (in shares) | shares   1.4  
Change in company's stock price (in dollars per share) | $ / shares   $ 1