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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, 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) (401)                 (401)    
Cash dividends declared:                        
Cash dividends declared, preferred     $ (2)           $ (2)      
Cash dividends declared, common (56)           (56)          
Repurchase and retirement of common stock (1,150)       (55) (1,095)            
Stock-based compensation 57         57            
Common stock issued: compensation plans 41       5 36            
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) 16                 16    
Cash dividends declared:                        
Cash dividends declared, preferred     (2)           (2)      
Cash dividends declared, common (8)           (8)          
Repurchase and retirement of common stock (73)       (3) (70)            
Stock-based compensation 45         45            
Common stock issued: compensation plans (6)       3 (9)            
Distributions to Arconic Corporation (1,261)         (2,617)       1,370   (14)
Ending balance at Dec. 31, 2020 3,577     55 433 4,668 364     (1,943)   0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Net income 258           258          
Other comprehensive income (loss) 80                 80    
Cash dividends declared:                        
Cash dividends declared, preferred     $ (2)           $ (2)      
Cash dividends declared, common (17)           (17)          
Repurchase and retirement of common stock (430)       (13) (417)            
Stock-based compensation 40         40            
Common stock issued: compensation plans 2       2              
Ending balance at Dec. 31, 2021 $ 3,508     $ 55 $ 422 $ 4,291 $ 603     $ (1,863)   $ 0