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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales $ 1,393 $ 1,195 $ 2,717 $ 2,404
Cost of goods sold (exclusive of expenses below) 987 857 1,937 1,730
Selling, general administrative, and other expenses 83 55 152 120
Research and development expenses 9 4 16 9
Provision for depreciation and amortization 67 67 133 135
Restructuring and other charges 6 5 8 14
Operating income 241 207 471 396
Loss on debt redemption 2 23 2 23
Interest expense, net 57 66 115 138
Other (income) expense, net (1) 8 0 12
Income before income taxes 183 110 354 223
Provision for income taxes 36 36 76 69
Net income 147 74 278 154
Amounts Attributable to Howmet Aerospace Common Shareholders:        
Net income 147 74 277 153
Net income $ 147 $ 74 $ 277 $ 153
Earnings per share:        
Basic (in usd per share) $ 0.35 $ 0.17 $ 0.66 $ 0.35
Diluted (in usd per share) $ 0.35 $ 0.17 $ 0.66 $ 0.35
Average Shares Outstanding:        
Basic (in shares) 417 432 418 433
Diluted (in shares) 422 437 423 438