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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Sales (C & D) $ 3,573 $ 3,261 $ 7,018 $ 6,453
Cost of goods sold (exclusive of expenses below) 2,903 2,549 5,671 5,007
Selling, general administrative, and other expenses 158 200 330 417
Research and development expenses 29 29 52 57
Provision for depreciation and amortization 144 137 286 270
Restructuring and other charges (E) 15 26 22 99
Operating income 324 320 657 603
Interest expense (N) 89 183 203 298
Other expense (income), net (F) 41 (132) 61 (448)
Income before income taxes 194 269 393 753
Provision for income taxes (H) 74 57 130 219
Net income 120 212 263 534
Amounts Attributable to Arconic Common Shareholders (I):        
Net income $ 120 $ 194 $ 262 $ 499
Earnings per share - basic (in usd per share) $ 0.25 $ 0.44 $ 0.54 $ 1.13
Earnings per share - diluted (in usd per share) 0.24 0.43 0.53 1.07
Dividends paid per share (in usd per share) $ 0.06 $ 0.06 $ 0.12 $ 0.12
Weighted Average Shares Outstanding (J):        
Average shares outstanding - basic (in shares) 483 441 483 440
Average shares outstanding - diluted (in shares) 502 462 502 500