Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Operating Results of Arconic's Reportable Segments

The operating results of the Company’s reportable segments were as follows:

	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
Second quarter ended June 30, 2020
Sales:
Third-party sales	$	585	$	326	$	229	$	113	$	1,253
Inter-segment sales	1		—		2		—		3
Total sales	$	586	$	326	$	231	$	113	$	1,256
Profit and loss:
Segment operating profit	$	105	$	70	$	19	$	6	$	200
Restructuring and other charges (credits)	22		24		(5)		1		42
Provision for depreciation and amortization	31		12		14		9		66
Capital expenditures	14		7		5		4		30
Second quarter ended June 30, 2019
Sales:
Third-party sales	$	835	$	399	$	331	$	257	$	1,822
Inter-segment sales	3		—		3		—		6
Total sales	$	838	$	399	$	334	$	257	$	1,828
Profit and loss:
Segment operating profit	$	163	$	99	$	25	$	73	$	360
Restructuring and other charges	250		1		193		1		445
Provision for depreciation and amortization	35		12		14		8		69
Capital expenditures	55		8		7		20		90
	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
Six months ended June 30, 2020
Sales:
Third-party sales	$	1,366	$	711	$	504	$	304	$	2,885
Inter-segment sales	3		—		5		—		8
Total sales	$	1,369	$	711	$	509	$	304	$	2,893
Profit and loss:
Segment operating profit	$	270	$	166	$	47	$	56	$	539
Restructuring and other charges (credits)	35		26		12		3		76
Provision for depreciation and amortization	61		24		27		19		131
Capital expenditures	33		15		8		11		67
Six months ended June 30, 2019
Sales:
Third-party sales	$	1,648	$	794	$	625	$	511	$	3,578
Inter-segment sales	8		—		6		—		14
Total sales	$	1,656	$	794	$	631	$	511	$	3,592
Profit and loss:
Segment operating profit	$	304	$	195	$	41	$	133	$	673
Restructuring and other charges	253		6		197		5		461
Provision for depreciation and amortization	69		24		31		16		140
Capital expenditures	126		17		18		45		206

Schedule of Segment Reporting Information to Consolidated Income Before income Taxes

The following table reconciles Total segment operating profit to Income (loss) from continuing operations before income taxes:

	Second quarter ended				Six months ended
	June 30,				June 30,
	2020		2019		2020		2019
Total segment operating profit	$	200	$	360	$	539	$	673
Unallocated amounts:
Restructuring and other charges	(105)		(472)		(144)		(516)
Corporate expense	(21)		(64)		(63)		(119)
Consolidated operating income (loss)	$	74	$	(176)	$	332	$	38
Interest expense	(144)		(86)		(228)		(171)
Other expense, net	(16)		(6)		8		(18)
Income (loss) from continuing operations before income taxes	$	(86)	$	(268)	$	112	$	(151)

Disaggregation of Revenue by Major End Market Served

The following table disaggregates revenue by major end market served. Differences between segment and consolidated totals are in Corporate.

	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
Second quarter ended June 30, 2020
Aerospace	$	437	$	263	$	208	$	—	$	908
Commercial Transportation	—		35		—		113		148
Industrial and Other	148		28		21		—		197
Total end-market revenue	$	585	$	326	$	229	$	113	$	1,253
Second quarter ended June 30, 2019
Aerospace	$	676	$	304	$	303	$	—	$	1,283
Commercial Transportation	5		62		—		257		324
Industrial and Other	154		33		28		—		215
Total end-market revenue	$	835	$	399	$	331	$	257	$	1,822
Six months ended June 30, 2020
Aerospace	$	1,071	$	564	$	462	$	—	$	2,097
Commercial Transportation	—		80		—		304		384
Industrial and Other	295		67		42		—		404
Total end-market revenue	$	1,366	$	711	$	504	$	304	$	2,885
Six months ended June 30, 2019
Aerospace	$	1,348	$	610	$	575	$	—	$	2,533
Commercial Transportation	12		120		—		513		645
Industrial and Other	288		64		50		(2)		400
Total end-market revenue	$	1,648	$	794	$	625	$	511	$	3,578