Subsequent Events |
3 Months Ended |
---|---|
Mar. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | S. Subsequent Events In April 2023, the Company purchased group annuity contracts to transfer the obligation to pay the remaining retirement benefits of approximately 500 retirees and beneficiaries from certain Canadian defined benefit pension plans to an insurance company. The transfer of approximately $235 in both plan obligations and plan assets was completed on April 18, 2023. As a result, Alcoa will record a non-cash settlement loss of approximately $18 ($13 after-tax) in Restructuring and other charges, net on the Statement of Consolidated Operations in the second quarter of 2023. |