Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Operating Results of Arconic's Reportable Segments

The operating results of the Company’s reportable segments were as follows. Differences between total segment and consolidated totals are in Corporate.

	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
First quarter ended March 31, 2021
Sales:
Third-party sales	$	534	$	272	$	176	$	227	$	1,209
Inter-segment sales	1		—		1		—		2
Total sales	$	535	$	272	$	177	$	227	$	1,211
Profit and loss:
Segment operating profit	$	101	$	45	$	10	$	70	$	226
Restructuring and other charges	5		2		1		—		8
Provision for depreciation and amortization	31		12		12		10		65
Capital expenditures	11		5		5		9		30
First quarter ended March 31, 2020
Sales:
Third-party sales	$	781	$	385	$	275	$	191	$	1,632
Inter-segment sales	2		—		3		—		5
Total sales	$	783	$	385	$	278	$	191	$	1,637
Profit and loss:
Segment operating profit	$	165	$	96	$	28	$	50	$	339
Restructuring and other charges	13		2		17		2		34
Provision for depreciation and amortization	30		12		13		10		65
Capital expenditures	19		8		3		7		37

Schedule of Segment Reporting Information to Consolidated Income Before income Taxes

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

	First quarter ended
	March 31,
	2021		2020
Total segment operating profit	$	226	$	339
Unallocated amounts:
Restructuring and other charges	(9)		(39)
Corporate expense	(28)		(42)
Consolidated operating income	$	189	$	258
Interest expense	(72)		(84)
Other (expense) income, net	(4)		24
Income from continuing operations before income taxes	$	113	$	198

Reconciliation of Capital Expenditures from Segments to Consolidated

The following table reconciles Total segment capital expenditures, which are presented on an accrual basis, with Capital expenditures as presented on the statement of cash flows. Differences between segment and consolidated totals are in Corporate and discontinued operations, including the impact of changes in accrued capital expenditures during the period.

	First quarter ended
	March 31,
	2021		2020
Total segment capital expenditures	$	30	$	37
Corporate and discontinued operations	25		115
Capital expenditures	$	55	$	152

Disaggregation of Revenue by Major End Market Served

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

	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
First quarter ended March 31, 2021
Aerospace - Commercial	$	227	$	148	$	80	$	—	$	455
Aerospace - Defense	151		42		77		—		270
Commercial Transportation	—		46		—		227		273
Industrial and Other	156		36		19		—		211
Total end-market revenue	$	534	$	272	$	176	$	227	$	1,209
First quarter ended March 31, 2020
Aerospace - Commercial	$	507	$	257	$	184	$	—	$	948
Aerospace - Defense	127		44		70		—		241
Commercial Transportation	—		46		—		191		237
Industrial and Other	147		38		21		—		206
Total end-market revenue	$	781	$	385	$	275	$	191	$	1,632