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Statement of Changes in Consolidated Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Class A
Preferred stock
Common stock
Additional capital
Retained earnings (accumulated deficit)
Retained earnings (accumulated deficit)
Cumulative Effect, Period of Adoption, Adjustment
Retained earnings (accumulated deficit)
Preferred Class A
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjustment
Noncontrolling Interests
Beginning balance at Dec. 31, 2017 $ 4,908 $ 0   $ 55 $ 481 $ 8,266 $ (1,264) $ 367   $ (2,644) $ (367) $ 14
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 642           642          
Other comprehensive income (loss) (L) 85                 85    
Cash dividends declared:                        
Cash dividends declared, preferred     $ (2)           $ (2)      
Cash dividends declared, common (117)           (117)          
Stock-based compensation (J) 50         50            
Common stock issued: compensation plans (J) 5       2 3            
Other (2)                     (2)
Ending balance at Dec. 31, 2018 5,569 $ 73   55 483 8,319 (374) $ 75   (2,926) $ (2) 12
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 470           470          
Other comprehensive income (loss) (L) (401)                 (401)    
Cash dividends declared:                        
Cash dividends declared, preferred     (2)           (2)      
Cash dividends declared, common (56)           (56)          
Stock-based compensation (J) 57         57            
Common stock issued: compensation plans (J) 41       5 36            
Repurchase and retirement of common stock (J) (1,150)       (55) (1,095)            
Other 4         2           2
Ending balance at Dec. 31, 2019 4,605     55 433 7,319 113     (3,329)   14
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 261           261          
Other comprehensive income (loss) (L) 16                 16    
Cash dividends declared:                        
Cash dividends declared, preferred     $ (2)           $ (2)      
Cash dividends declared, common (8)           (8)          
Stock-based compensation (J) 45         45            
Common stock issued: compensation plans (J) (6)       3 (9)            
Repurchase and retirement of common stock (J) (73)       (3) (70)            
Distribution to Arconic Corporation (C) (1,261)         (2,617)       1,370   (14)
Ending balance at Dec. 31, 2020 $ 3,577     $ 55 $ 433 $ 4,668 $ 364     $ (1,943)   $ 0