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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales (C) $ 1,658 $ 1,433 $ 4,909 $ 4,150
Cost of goods sold (exclusive of expenses below) 1,183 1,056 3,543 2,993
Selling, general administrative, and other expenses 87 73 250 225
Research and development expenses 9 7 27 23
Provision for depreciation and amortization 68 65 204 198
Restructuring and other charges (D) 4 4 8 12
Operating income 307 228 877 699
Loss on debt redemption (N) 0 0 1 2
Interest expense, net 54 57 166 172
Other expense, net (F) 11 67 5 67
Income before income taxes 242 104 705 458
Provision for income taxes (G) 54 24 176 100
Net income 188 80 529 358
Amounts Attributable to Howmet Aerospace Common Shareholders (H):        
Net income 187 79 527 356
Net income $ 187 $ 79 $ 527 $ 356
Earnings per share:        
Basic (in usd per share) $ 0.45 $ 0.19 $ 1.28 $ 0.86
Diluted (in usd per share) $ 0.45 $ 0.19 $ 1.27 $ 0.84
Average Shares Outstanding (H):        
Basic (in shares) 412 415 412 417
Diluted (in shares) 415 420 417 422