Subsequent Events

6 Months Ended

Jun. 30, 2019

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Management evaluated all activity of Arconic and concluded that no subsequent events have occurred that would require recognition in the Consolidated Financial Statements or disclosure in the Notes to the Consolidated Financial Statements, except as noted below:

See Note F for details of a three-year labor agreement with the USW at four locations.

See Note F for details of a four-year labor agreement with the USW at the Company's Niles, Ohio facility.

See Note Q for details of the anticipated divestiture of a small manufacturing facility.

On August 2, 2019, the Company announced that it had entered into a letter agreement with John C. Plant providing for an extension of Mr. Plant’s term of employment as Chief Executive Officer through the earlier of August 6, 2020 and the date on which the expected separation occurs; the agreement provides that if the separation occurs prior to August 6, 2020, Mr. Plant will serve as an Advisor to the Company and its Board of Directors through August 6, 2020. Additionally, on August 2, 2019, the Company announced that Elmer Doty, President and Chief Operating Officer, will separate from employment with the Company, effective August 16, 2019.  Mr. Doty will continue to serve as a non-employee director of the Company.