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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Sales $ 1,195 $ 1,253 $ 2,404 $ 2,887
Cost of goods sold (exclusive of expenses below) 857 923 1,730 2,106
Selling, general administrative, and other expenses 55 74 120 153
Research and development expenses 4 4 9 8
Provision for depreciation and amortization 67 73 135 144
Restructuring and other charges 5 105 14 144
Operating income 207 74 396 332
Interest expense, net 89 144 161 228
Other expense (income), net 8 16 12 (8)
Income (loss) before income taxes 110 (86) 223 112
Provision (benefit) for income taxes 36 (2) 69 43
Income (loss) from continuing operations after income taxes 74 (84) 154 69
(Loss) income from discontinued operations after income taxes 0 (12) 0 50
Net income (loss) 74 (96) 154 119
Amounts Attributable to Howmet Aerospace Common Shareholders        
Net income (loss) 73 (96) 153 118
Net income (loss) $ 73 $ (96) $ 153 $ 118
Earnings (loss) per share - basic        
Continuing operations (in usd per share) $ 0.17 $ (0.19) $ 0.35 $ 0.16
Discontinued operations (in usd per share) 0 (0.03) 0 0.11
Earnings (loss) per share - diluted        
Continuing operations (in usd per share) 0.17 (0.19) 0.35 0.15
Discontinued operations (in usd per share) $ 0 $ (0.03) $ 0 $ 0.11
Average Shares Outstanding        
Average shares outstanding - basic (in shares) 432 436 433 436
Average shares outstanding - diluted (in shares) 437 436 438 440