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Statement of Changes in Consolidated Equity (unaudited) - USD ($)
$ in Millions
Total
Class A
Preferred stock
Common stock
Additional capital
Retained earnings
Retained earnings
Class A
Accumulated other comprehensive loss
Noncontrolling interests
Beginning balance at Dec. 31, 2019 $ 4,605   $ 55 $ 433 $ 7,319 $ 113   $ (3,329) $ 14
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 155         155      
Other comprehensive income 30             30  
Cash dividends declared:                  
Preferred dividends declared, value   $ (2)         $ (2)    
Common share, value (8)         (8)      
Repurchase and retirement of common stock (51)     (2) (49)        
Stock-based compensation 35       35        
Common stock issued: compensation plans (8)     3 (11)        
Distributions to Arconic Corporation (1,255)       (2,611)     1,370 (14)
Ending balance at Sep. 30, 2020 3,501   55 434 4,683 258   (1,929) 0
Beginning balance at Jun. 30, 2020 3,449   55 436 4,703 223   (1,968) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 36         36      
Other comprehensive income 61             61  
Cash dividends declared:                  
Preferred dividends declared, value   (1)         (1)    
Repurchase and retirement of common stock (51)     (2) (49)        
Stock-based compensation 12       12        
Common stock issued: compensation plans (5)       (5)        
Distributions to Arconic Corporation 0       22     (22)  
Ending balance at Sep. 30, 2020 3,501   55 434 4,683 258   (1,929) $ 0
Beginning balance at Dec. 31, 2020 3,577   55 433 4,668 364   (1,943)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 181         181      
Other comprehensive income 32             32  
Cash dividends declared:                  
Preferred dividends declared, value   (2)         (2)    
Common share, value (9)         (9)      
Repurchase and retirement of common stock (225)     (7) (218)        
Stock-based compensation 28       28        
Common stock issued: compensation plans (3)     2 (5)        
Ending balance at Sep. 30, 2021 3,579   55 428 4,473 534   (1,911)  
Beginning balance at Jun. 30, 2021 3,598   55 429 4,481 517   (1,884)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 27         27      
Other comprehensive income (27)             (27)  
Cash dividends declared:                  
Preferred dividends declared, value   $ (1)         $ (1)    
Common share, value (9)         (9)      
Repurchase and retirement of common stock (25)     (1) (24)        
Stock-based compensation 14       14        
Common stock issued: compensation plans 2       2        
Ending balance at Sep. 30, 2021 $ 3,579   $ 55 $ 428 $ 4,473 $ 534   $ (1,911)