Segment and Geographic Area Information (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Operating Results and Assets of Arconic's Reportable Segments

The operating results and assets of the Company's reportable segments were as follows:


Year ended	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
2023
Sales:
Third-party sales	$	3,266	$	1,349	$	878	$	1,147	$	6,640
Inter-segment sales	13		—		3		—		16
Total sales	$	3,279	$	1,349	$	881	$	1,147	$	6,656




Profit and loss:

Segment Adjusted EBITDA	$	887	$	278	$	113	$	309	$	1,587
Restructuring and other (credits) charges	(2)		1		21		—		20
Provision for depreciation and amortization	130		46		47		39		262
Other:
Capital expenditures	$	112	$	31	$	26	$	36	$	205
Total assets	4,926		2,749		1,415		724		9,814

2022
Sales:
Third-party sales	$	2,698	$	1,117	$	790	$	1,058	$	5,663
Inter-segment sales	4		—		6		—		10
Total sales	$	2,702	$	1,117	$	796	$	1,058	$	5,673




Profit and loss:

Segment Adjusted EBITDA	$	729	$	234	$	111	$	278	$	1,352
Restructuring and other charges	29		8		7		2		46
Provision for depreciation and amortization	125		45		48		40		258
Other:
Capital expenditures	$	94	$	39	$	17	$	28	$	178
Total assets	4,784		2,661		1,273		701		9,419

2021
Sales:
Third-party sales	$	2,282	$	1,044	$	725	$	921	$	4,972
Inter-segment sales	4		—		6		—		10
Total sales	$	2,286	$	1,044	$	731	$	921	$	4,982




Profit and loss:

Segment Adjusted EBITDA	$	564	$	239	$	103	$	294	$	1,200
Restructuring and other charges	74		—		16		—		90
Provision for depreciation and amortization	124		49		49		39		261
Other:
Capital expenditures	$	74	$	42	$	21	$	45	$	182
Total assets	4,663		2,635		1,280		684		9,262

The following table reconciles Total segment capital expenditures, which are presented on an accrual basis, with Capital expenditures as presented on the Statement of Consolidated Cash Flows. Differences between the total segment and consolidated totals are in Corporate, including the impact of changes in accrued capital expenditures during the period.


For the year ended December 31,	2023		2022		2021
Total segment capital expenditures	$	205	$	178	$	182
Corporate	14		15		17
Capital expenditures	$	219	$	193	$	199

Schedule of Reconciliation of Certain Segment Information to Consolidated Totals

The following tables reconcile certain segment information to consolidated totals. Differences between the total segment and consolidated totals are in Corporate.


For the year ended December 31,	2023		2022		2021
Sales:
Total segment sales	$	6,656	$	5,673	$	4,982
Elimination of inter-segment sales	(16)		(10)		(10)

Consolidated sales	$	6,640	$	5,663	$	4,972

Schedule of Segment ATOI to Consolidated Net (loss) Income Attributable to Arconic


For the year ended December 31,	2023		2022		2021
Total Segment Adjusted EBITDA	$	1,587	$	1,352	$	1,200
Segment provision for depreciation and amortization	(262)		(258)		(261)
Unallocated amounts:
Restructuring and other charges	(23)		(56)		(90)
Corporate expense	(99)		(119)		(101)
Operating income	$	1,203	$	919	$	748
Loss on debt redemption	(2)		(2)		(146)
Interest expense, net	(218)		(229)		(259)
Other expense, net (F)	(8)		(82)		(19)
Income before income taxes	$	975	$	606	$	324

Schedule of Segment Reporting Information to Consolidated Assets


December 31,	2023		2022
Assets:
Total segment assets	$	9,814	$	9,419
Unallocated amounts:
Cash and cash equivalents	610		791
Deferred income taxes	46		54
Corporate fixed assets, net	83		91
Fair value of derivative contracts	—		6

Accounts receivable securitization	(250)		(250)
Other	125		144

Consolidated assets	$	10,428	$	10,255

Schedule of Geographic Information for Sales

Geographic information for sales was as follows (based upon the destination of the sale):


For the year ended December 31,	2023		2022		2021
Sales:
United States	$	3,273	$	2,928	$	2,542
France	578		394		330
Japan	378		319		319
Germany	363		292		257
United Kingdom	283		228		213
Mexico	263		235		225
Italy	220		180		181
Canada	145		138		127
Poland	130		96		77
China	98		111		71
Other	909		742		630
	$	6,640	$	5,663	$	4,972

Schedule of Geographic Information for Long-lived Assets

Geographic information for long-lived tangible assets was as follows (based upon the physical location of the assets):


December 31,	2023		2022
Long-lived assets:
United States	$	1,760	$	1,793
Hungary	200		193
France	121		114
United Kingdom	120		107
Mexico	71		58
Germany	58		58
China	46		46



Other	80		74
	$	2,456	$	2,443

Schedule of Disaggregation of Revenue by Major End Market Served

The following table disaggregates segment revenue by major market served. Differences between the total segment and consolidated totals are in Corporate.


	Engine Products		Fastening Systems		Engineered Structures		Forged Wheels		Total Segment
Year ended December 31, 2023
Aerospace - Commercial	$	1,798	$	790	$	641	$	—	$	3,229
Aerospace - Defense	670		173		172		—		1,015
Commercial Transportation	—		255		—		1,147		1,402
Industrial and Other	798		131		65		—		994
Total end-market revenue	$	3,266	$	1,349	$	878	$	1,147	$	6,640

Year ended December 31, 2022
Aerospace - Commercial	$	1,495	$	616	$	495	$	—	$	2,606
Aerospace - Defense	526		158		239		—		923
Commercial Transportation	—		225		—		1,058		1,283
Industrial and Other	677		118		56		—		851
Total end-market revenue	$	2,698	$	1,117	$	790	$	1,058	$	5,663

Year ended December 31, 2021
Aerospace - Commercial	$	1,105	$	537	$	387	$	—	$	2,029
Aerospace - Defense	523		158		270		—		951
Commercial Transportation	—		208		—		921		1,129
Industrial and Other	654		141		68		—		863
Total end-market revenue	$	2,282	$	1,044	$	725	$	921	$	4,972