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Derivatives and Other Financial Instruments - Schedule of Derivative Contract Assets and Liabilities that are Measured and Recognized at Fair Value on Recurring Basis (Detail) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value asset derivatives $ 688 $ 94
Fair value liability derivatives 769 [1] 737 [1]
Level 1 [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value asset derivatives 48 57
Fair value liability derivatives 20 64
Level 2 [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value asset derivatives 48 47
Fair value liability derivatives 32 44
Level 3 [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Fair value asset derivatives 615 12
Fair value liability derivatives 717 630
Margin Held [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Margin held (23) (22)
Less Margin Posted [Member]
   
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Margin posted   $ (1)
[1] All margin posted is in the form of cash and is valued under a Level 1 technique. The levels that correspond to the margin posted in the table above reference the level of the corresponding liability for which it is posted. Alcoa elected to net the margin posted against the fair value amounts recognized for derivative instruments executed with the same counterparties under master netting arrangements.