10-K Filing

HOWMET AEROSPACE INC. CIK: 4281 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0000004281-22-000004`
Period End Date	20211231
Filing Date	20220214
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	hwm-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 66 Cash Flow Statement 122 Stockholders Equity 31 Comprehensive Income 21

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Receivables from customers, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Receivables from customers, allowance	`AllowanceForDoubtfulAccountsReceivableCurrent`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.61B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$720.00M	USD	Point-in-time
Receivables from customers, less allowances of $ in 2021 and $1 in 2020	`AccountsReceivableNetCurrent`	$367.00M	USD	Point-in-time
Receivables from customers, less allowances of $ in 2021 and $1 in 2020	`AccountsReceivableNetCurrent`	$328.00M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$29.00M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$53.00M	USD	Point-in-time
Inventories	`InventoryNet`	$1.40B	USD	Point-in-time
Inventories	`InventoryNet`	$1.49B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$195.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$217.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.67B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.74B	USD	Point-in-time
Properties, plants, and equipment, net	`PropertyPlantAndEquipmentNet`	$2.47B	USD	Point-in-time
Properties, plants, and equipment, net	`PropertyPlantAndEquipmentNet`	$2.59B	USD	Point-in-time
Goodwill	`Goodwill`	$4.07B	USD	Point-in-time
Goodwill	`Goodwill`	$4.07B	USD	Point-in-time
Goodwill	`Goodwill`	$4.10B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$272.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$184.00M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$549.00M	USD	Point-in-time
Intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$571.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$234.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$215.00M	USD	Point-in-time
Total assets	`Assets`	$11.44B	USD	Point-in-time
Total assets	`Assets`	$10.22B	USD	Point-in-time
Accounts payable, trade	`AccountsPayableCurrent`	$599.00M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableCurrent`	$732.00M	USD	Point-in-time
Accrued compensation and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$205.00M	USD	Point-in-time
Accrued compensation and retirement costs	`EmployeeRelatedLiabilitiesCurrent`	$198.00M	USD	Point-in-time
Taxes, including income taxes	`TaxesPayableCurrent`	$102.00M	USD	Point-in-time
Taxes, including income taxes	`TaxesPayableCurrent`	$61.00M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$74.00M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrent`	$89.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$289.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$183.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$5.00M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$376.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.25B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.66B	USD	Point-in-time
Long-term debt, less amount due within one year	`LongTermDebtAndCapitalLeaseObligations`	$4.70B	USD	Point-in-time
Long-term debt, less amount due within one year	`LongTermDebtAndCapitalLeaseObligations`	$4.23B	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$985.00M	USD	Point-in-time
Accrued pension benefits	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$771.00M	USD	Point-in-time
Accrued other postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$153.00M	USD	Point-in-time
Accrued other postretirement benefits	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$198.00M	USD	Point-in-time
Other noncurrent liabilities and deferred credits	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$324.00M	USD	Point-in-time
Other noncurrent liabilities and deferred credits	`DeferredCreditsAndOtherLiabilitiesNoncurrent`	$307.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.87B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.71B	USD	Point-in-time
Contingencies and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies and commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	$55.00M	USD	Point-in-time
Preferred stock	`PreferredStockValue`	$55.00M	USD	Point-in-time
Common stock	`CommonStockValue`	$433.00M	USD	Point-in-time
Common stock	`CommonStockValue`	$422.00M	USD	Point-in-time
Additional capital	`AdditionalPaidInCapital`	$4.29B	USD	Point-in-time
Additional capital	`AdditionalPaidInCapital`	$4.67B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$364.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$603.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.94B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.86B	USD	Point-in-time
Total Howmet Aerospace Inc. shareholders equity	`StockholdersEquity`	$3.58B	USD	Point-in-time
Total Howmet Aerospace Inc. shareholders equity	`StockholdersEquity`	$3.51B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	-	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.57B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.51B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.58B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.61B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.22B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$11.44B	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.10B	USD	Annual
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.26B	USD	Annual
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.97B	USD	Annual
Cost of goods sold (exclusive of expenses below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$3.60B	USD	Annual
Cost of goods sold (exclusive of expenses below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$3.88B	USD	Annual
Cost of goods sold (exclusive of expenses below)	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$5.21B	USD	Annual
Selling, general administrative, and other expenses	`SellingGeneralAndAdministrativeExpense`	$400.00M	USD	Annual
Selling, general administrative, and other expenses	`SellingGeneralAndAdministrativeExpense`	$251.00M	USD	Annual
Selling, general administrative, and other expenses	`SellingGeneralAndAdministrativeExpense`	$277.00M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$17.00M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$17.00M	USD	Annual
Research and development expenses	`ResearchAndDevelopmentExpense`	$28.00M	USD	Annual
Provision for depreciation and amortization	`DepreciationAndAmortization`	$279.00M	USD	Annual
Provision for depreciation and amortization	`DepreciationAndAmortization`	$270.00M	USD	Annual
Provision for depreciation and amortization	`DepreciationAndAmortization`	$295.00M	USD	Annual
Restructuring and other charges	`RestructuringCharges`	$182.00M	USD	Annual
Restructuring and other charges	`RestructuringCharges`	$582.00M	USD	Annual
Restructuring and other charges	`RestructuringCharges`	$90.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$748.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$579.00M	USD	Annual
Operating income	`OperatingIncomeLoss`	$626.00M	USD	Annual
Loss on debt redemption	`GainsLossesOnExtinguishmentOfDebt`	$-64.00M	USD	Annual
Loss on debt redemption	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt redemption	`GainsLossesOnExtinguishmentOfDebt`	$-146.00M	USD	Annual
Amount charged to interest expense, net	`InterestExpense`	$317.00M	USD	Annual
Amount charged to interest expense, net	`InterestExpense`	$338.00M	USD	Annual
Amount charged to interest expense, net	`InterestExpense`	$259.00M	USD	Annual
Other expense, net	`NonoperatingIncomeExpense`	$-19.00M	USD	Annual
Other expense, net	`NonoperatingIncomeExpense`	$-74.00M	USD	Annual
Other expense, net	`NonoperatingIncomeExpense`	$-31.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$171.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$324.00M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$210.00M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$84.00M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-40.00M	USD	Annual
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$66.00M	USD	Annual
Net income from continuing operations attributable to common shareholders	`IncomeLossFromContinuingOperations`	$126.00M	USD	Annual
Net income from continuing operations attributable to common shareholders	`IncomeLossFromContinuingOperations`	$211.00M	USD	Annual
Net income from continuing operations attributable to common shareholders	`IncomeLossFromContinuingOperations`	$258.00M	USD	Annual
Income from discontinued operations after income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$50.00M	USD	Annual
Income from discontinued operations after income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	Annual
Income from discontinued operations after income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$344.00M	USD	Annual
Net income	`NetIncomeLoss`	$258.00M	USD	Annual
Net income	`NetIncomeLoss`	$261.00M	USD	Annual
Net income	`NetIncomeLoss`	$470.00M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$477.00M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$256.00M	USD	Annual
Net income	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$259.00M	USD	Annual
Continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.28	USD	Annual
Continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.48	USD	Annual
Continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.60	USD	Annual
Discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.77	USD	Annual
Discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.11	USD	Annual
Continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.59	USD	Annual
Continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.27	USD	Annual
Continuing operations (in usd per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.48	USD	Annual
Discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.76	USD	Annual
Discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Discontinued operations (in usd per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.11	USD	Annual
Average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	446.00M	shares	Annual
Average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	430.00M	shares	Annual
Average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	435.00M	shares	Annual
Average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	463.00M	shares	Annual
Average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	439.00M	shares	Annual
Average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	435.00M	shares	Annual

Cash Flow Statement 122 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$258.00M	USD	Annual
Net income	`NetIncomeLoss`	$261.00M	USD	Annual
Net income	`NetIncomeLoss`	$470.00M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$270.00M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$536.00M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$338.00M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$2.00M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$38.00M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-19.00M	USD	Annual
Restructuring and other charges	`RestructuringAndOtherCharges`	$620.00M	USD	Annual
Restructuring and other charges	`RestructuringAndOtherCharges`	$90.00M	USD	Annual
Restructuring and other charges	`RestructuringAndOtherCharges`	$164.00M	USD	Annual
Net loss from investing activitiesasset sales	`GainLossOnSaleOfInvestments`	$-8.00M	USD	Annual
Net loss from investing activitiesasset sales	`GainLossOnSaleOfInvestments`	$-7.00M	USD	Annual
Net loss from investing activitiesasset sales	`GainLossOnSaleOfInvestments`	$-9.00M	USD	Annual
Net periodic pension benefit cost	`DefinedBenefitPensionPlansNetPeriodicBenefitCost`	$18.00M	USD	Annual
Net periodic pension benefit cost	`DefinedBenefitPensionPlansNetPeriodicBenefitCost`	$51.00M	USD	Annual
Net periodic pension benefit cost	`DefinedBenefitPensionPlansNetPeriodicBenefitCost`	$115.00M	USD	Annual
Stock-based compensation	`IncreaseDecreaseInSharebasedCompensation`	$45.00M	USD	Annual
Stock-based compensation	`IncreaseDecreaseInSharebasedCompensation`	$41.00M	USD	Annual
Stock-based compensation	`IncreaseDecreaseInSharebasedCompensation`	$60.00M	USD	Annual
Loss on debt redemption (R)	`GainsLossesOnExtinguishmentOfDebt`	$-64.00M	USD	Annual
Loss on debt redemption (R)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt redemption (R)	`GainsLossesOnExtinguishmentOfDebt`	$-146.00M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$5.00M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-20.00M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-13.00M	USD	Annual
Increase in receivables	`IncreaseDecreaseInReceivables`	$238.00M	USD	Annual
Increase in receivables	`IncreaseDecreaseInReceivables`	$337.00M	USD	Annual
Increase in receivables	`IncreaseDecreaseInReceivables`	$977.00M	USD	Annual
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-74.00M	USD	Annual
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$-60.00M	USD	Annual
Decrease (increase) in inventories	`IncreaseDecreaseInInventories`	$3.00M	USD	Annual
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.00M	USD	Annual
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-11.00M	USD	Annual
Decrease (increase) in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.00M	USD	Annual
Increase (decrease) in accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$144.00M	USD	Annual
Increase (decrease) in accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$-1.00M	USD	Annual
Increase (decrease) in accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$-381.00M	USD	Annual
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-217.00M	USD	Annual
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-146.00M	USD	Annual
Decrease in accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-42.00M	USD	Annual
(Decrease) increase in taxes, including income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-2.00M	USD	Annual
(Decrease) increase in taxes, including income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$-41.00M	USD	Annual
(Decrease) increase in taxes, including income taxes	`IncreaseDecreaseInAccruedTaxesPayable`	$98.00M	USD	Annual
Pension contributions	`PensionContributions`	$268.00M	USD	Annual
Pension contributions	`PensionContributions`	$257.00M	USD	Annual
Pension contributions	`PensionContributions`	$96.00M	USD	Annual
(Increase) decrease in noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-39.00M	USD	Annual
(Increase) decrease in noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$13.00M	USD	Annual
(Increase) decrease in noncurrent assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$7.00M	USD	Annual
Decrease in noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-45.00M	USD	Annual
Decrease in noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-23.00M	USD	Annual
Decrease in noncurrent liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-35.00M	USD	Annual
Cash provided from operations	`NetCashProvidedByUsedInOperatingActivities`	$9.00M	USD	Annual
Cash provided from operations	`NetCashProvidedByUsedInOperatingActivities`	$449.00M	USD	Annual
Cash provided from operations	`NetCashProvidedByUsedInOperatingActivities`	$461.00M	USD	Annual
Net change in short-term borrowings (original maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-15.00M	USD	Annual
Net change in short-term borrowings (original maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$-9.00M	USD	Annual
Net change in short-term borrowings (original maturities of three months or less)	`ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess`	$2.00M	USD	Annual
Additions to debt (original maturities greater than three months)	`ProceedsFromIssuanceOfLongTermDebt`	$400.00M	USD	Annual
Additions to debt (original maturities greater than three months)	`ProceedsFromIssuanceOfLongTermDebt`	$2.40B	USD	Annual
Additions to debt (original maturities greater than three months)	`ProceedsFromIssuanceOfLongTermDebt`	$700.00M	USD	Annual
Payments on debt (original maturities greater than three months)	`RepaymentsOfLongTermDebt`	$2.04B	USD	Annual
Payments on debt (original maturities greater than three months)	`RepaymentsOfLongTermDebt`	$1.54B	USD	Annual
Payments on debt (original maturities greater than three months)	`RepaymentsOfLongTermDebt`	$806.00M	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$61.00M	USD	Annual
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$11.00M	USD	Annual
Premiums paid on early redemption of debt	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Premiums paid on early redemption of debt	`PaymentsOfDebtExtinguishmentCosts`	$138.00M	USD	Annual
Premiums paid on early redemption of debt	`PaymentsOfDebtExtinguishmentCosts`	$59.00M	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$56.00M	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$33.00M	USD	Annual
Proceeds from exercise of employee stock options	`ProceedsFromStockOptionsExercised`	$22.00M	USD	Annual
Dividends paid to shareholders (J)	`PaymentsOfOrdinaryDividends`	$57.00M	USD	Annual
Dividends paid to shareholders (J)	`PaymentsOfOrdinaryDividends`	$11.00M	USD	Annual
Dividends paid to shareholders (J)	`PaymentsOfOrdinaryDividends`	$19.00M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$430.00M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$73.00M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$1.15B	USD	Annual
Net cash transferred to Arconic Corporation at separation	`NetCashTransferredInSeparationTransaction`	-	USD	Annual
Net cash transferred to Arconic Corporation at separation	`NetCashTransferredInSeparationTransaction`	$500.00M	USD	Annual
Net cash transferred to Arconic Corporation at separation	`NetCashTransferredInSeparationTransaction`	-	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-40.00M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-13.00M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-21.00M	USD	Annual
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.57B	USD	Annual
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.44B	USD	Annual
Cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-369.00M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$267.00M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$641.00M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$199.00M	USD	Annual
Proceeds from the sale of assets and businesses	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$103.00M	USD	Annual
Proceeds from the sale of assets and businesses	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$32.00M	USD	Annual
Proceeds from the sale of assets and businesses	`ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets`	$114.00M	USD	Annual
Sales of investments	`ProceedsFromSaleOfOtherInvestments`	$6.00M	USD	Annual
Sales of investments	`ProceedsFromSaleOfOtherInvestments`	$73.00M	USD	Annual
Sales of investments	`ProceedsFromSaleOfOtherInvestments`	-	USD	Annual
Cash receipts from sold receivables	`ProceedsFromSaleOfFinanceReceivables`	$995.00M	USD	Annual
Cash receipts from sold receivables	`ProceedsFromSaleOfFinanceReceivables`	$267.00M	USD	Annual
Cash receipts from sold receivables	`ProceedsFromSaleOfFinanceReceivables`	$422.00M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	Annual
Cash provided from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$528.00M	USD	Annual
Cash provided from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$271.00M	USD	Annual
Cash provided from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$107.00M	USD	Annual
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-3.00M	USD	Annual
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.00M	USD	Annual
Effect of exchange rates on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-579.00M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-889.00M	USD	Annual
Net change in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-92.00M	USD	Annual
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.28B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.61B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.28B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$722.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.61B	USD	Point-in-time

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Common stock, dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	Annual
Common stock, dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.04	USD	Annual
Common stock, dividends declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.02	USD	Annual
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.57B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.51B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.58B	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.61B	USD	Point-in-time
Net income	`NetIncomeLoss`	$258.00M	USD	Annual
Net income	`NetIncomeLoss`	$261.00M	USD	Annual
Net income	`NetIncomeLoss`	$470.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$16.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-401.00M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$80.00M	USD	Annual
Cash dividends declared, common	`DividendsCommonStockCash`	$56.00M	USD	Annual
Cash dividends declared, common	`DividendsCommonStockCash`	$8.00M	USD	Annual
Cash dividends declared, common	`DividendsCommonStockCash`	$17.00M	USD	Annual
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$430.00M	USD	Annual
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$1.15B	USD	Annual
Repurchase and retirement of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$73.00M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$45.00M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$40.00M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$57.00M	USD	Annual
Common stock issued: compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.00M	USD	Annual
Common stock issued: compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-6.00M	USD	Annual
Common stock issued: compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$41.00M	USD	Annual
Distributions to Arconic Corporation	`SeparationAgreementStockDistribution`	$1.26B	USD	Annual
Other	`StockholdersEquityOther`	$-4.00M	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.57B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.51B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.58B	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.61B	USD	Point-in-time

Comprehensive Income 21 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$470.00M	USD	Annual
Net income	`ProfitLoss`	$261.00M	USD	Annual
Net income	`ProfitLoss`	$258.00M	USD	Annual
Change in unrecognized net actuarial loss and prior service cost (benefit) related to pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$46.00M	USD	Annual
Change in unrecognized net actuarial loss and prior service cost (benefit) related to pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-181.00M	USD	Annual
Change in unrecognized net actuarial loss and prior service cost (benefit) related to pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$388.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$58.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.00M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-96.00M	USD	Annual
Net change in unrealized gains on debt securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Annual
Net change in unrealized gains on debt securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$3.00M	USD	Annual
Net change in unrealized gains on debt securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	Annual
Net change in unrecognized (losses) gains on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-5.00M	USD	Annual
Net change in unrecognized (losses) gains on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$4.00M	USD	Annual
Net change in unrecognized (losses) gains on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-3.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$16.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-401.00M	USD	Annual
Total Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$80.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$69.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$277.00M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$338.00M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.