XML 83 R114.htm IDEA: XBRL DOCUMENT v2.4.1.9
Preferred and Common Stock - Additional Information (Detail) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Nov. 30, 2014
Mar. 31, 2014
Class of Stock [Line Items]              
Public offering of preferred stock   $ 1,250us-gaap_SaleOfStockConsiderationReceivedPerTransaction          
Depository shares   25,000,000us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction          
Interest in preferred stock   0.1aa_PreferredStockConversionRatePerShare          
Proceeds from public offering   1,213aa_ProceedsFromIssuancePublicOfferingNetOfOfferingCosts          
Preferred stock dividend declared       $ 3.75us-gaap_PreferredStockDividendsPerShareDeclared $ 3.75us-gaap_PreferredStockDividendsPerShareDeclared    
Common Stock authorized 1,800,000,000us-gaap_CommonStockSharesAuthorized   1,800,000,000us-gaap_CommonStockSharesAuthorized        
Common stock, par value per share $ 1us-gaap_CommonStockParOrStatedValuePerShare   $ 1us-gaap_CommonStockParOrStatedValuePerShare        
Common stock issued, in shares 1,303,813,830us-gaap_CommonStockSharesIssued   1,303,813,830us-gaap_CommonStockSharesIssued 1,177,906,867us-gaap_CommonStockSharesIssued      
Common stock, dividends yield $ 0.03us-gaap_CommonStockDividendsPerShareDeclared   $ 0.12us-gaap_CommonStockDividendsPerShareDeclared $ 0.12us-gaap_CommonStockDividendsPerShareDeclared $ 0.12us-gaap_CommonStockDividendsPerShareDeclared    
Stock options granted, vesting period     3 years 3 years 3 years    
Stock options granted, contractual term     10 years        
Stock awards, vesting period     Three-year        
Stock based compensation expense, before tax     87us-gaap_ShareBasedCompensation 71us-gaap_ShareBasedCompensation 67us-gaap_ShareBasedCompensation    
Stock based compensation expense, after tax     58us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax 48us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax 46us-gaap_AllocatedShareBasedCompensationExpenseNetOfTax    
Stock based compensation expense, stock awards percentage     80.00%aa_EstimatedPercentageOfCompensationExpenseInPerformanceBasedAwardPayouts 70.00%aa_EstimatedPercentageOfCompensationExpenseInPerformanceBasedAwardPayouts 60.00%aa_EstimatedPercentageOfCompensationExpenseInPerformanceBasedAwardPayouts    
Unrecognized compensation costs on non-vested stock option grants (pretax) 64us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions   64us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions        
Unrecognized compensation costs on non-vested stock option awards (pretax) 64us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized   64us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized        
Unrecognized compensation costs on non-vested awards, weighted average period of recognition in years     1 year 7 months 6 days        
Expense related to the acceleration of expense related to retirement-eligible employees     15aa_ExpenseRelatedToExpenseAccelerationOfExpenseRelatedToRetirementEligibleEmployees 14aa_ExpenseRelatedToExpenseAccelerationOfExpenseRelatedToRetirementEligibleEmployees 13aa_ExpenseRelatedToExpenseAccelerationOfExpenseRelatedToRetirementEligibleEmployees    
Stock option granted, Fair value     2.84us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross 2.24us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross 3.11us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross    
Average risk-free interest rate, minimum     0.06%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum        
Average risk-free interest rate, maximum     2.88%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum        
Dividend yield     1.40%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate        
Volatility, minimum     30.00%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum        
Volatility, maximum     40.00%us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum        
Annual pre- and post-vesting forfeitures     7.00%aa_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsAnnualForfeitureRate        
Exercise behavior     45.00%aa_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExerciseBehavior        
Life (years)     6 years        
Number of options, Outstanding weighted average remaining contractual life     6 years 4 months 28 days        
Total intrinsic value of options outstanding 144us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue   144us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue        
Stock options vested     18,100,000aa_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOptionsVestedInPeriod        
Stock option exercisable     18,100,000us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised        
Weighted average remaining contractual life, vested and exercisable     5 years 2 months 23 days        
Weighted average exercise price, vested and exercisable $ 12.13us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice   $ 12.13us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice        
Total intrinsic value of options vested and exercisable 68us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue   68us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue        
Cash received from option exercises     150us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions 13us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions 12us-gaap_EmployeeServiceShareBasedCompensationCashReceivedFromExerciseOfStockOptions    
Total tax benefit realized from these exercises     28us-gaap_DeferredTaxExpenseFromStockOptionsExercised 1us-gaap_DeferredTaxExpenseFromStockOptionsExercised 1us-gaap_DeferredTaxExpenseFromStockOptionsExercised    
Total intrinsic value of options exercised     84us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue 2us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue 2us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue    
2009 [Member]              
Class of Stock [Line Items]              
Stock options granted, contractual term     6 years        
Stock options, outstanding 2,000,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_PlanNameAxis
= aa_DateOfOriginalGrantTwoThousandNineMember
  2,000,000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
/ us-gaap_PlanNameAxis
= aa_DateOfOriginalGrantTwoThousandNineMember
       
Stock options expiry period     2015        
Preferred Class A [Member]              
Class of Stock [Line Items]              
Preferred stock, shares authorized 660,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
  660,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
       
Preferred stock par value $ 100us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
  $ 100us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
       
Cumulative dividend preference per share     $ 3.75aa_CumulativeDividendPreferencePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
       
Preferred stock, shares outstanding 546,024us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
  546,024us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
546,024us-gaap_PreferredStockSharesOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
     
Preferred stock dividend declared     $ 3.75us-gaap_PreferredStockDividendsPerShareDeclared
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassAMember
       
Preferred Class B [Member]              
Class of Stock [Line Items]              
Preferred stock, shares authorized 10,000,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassBMember
  10,000,000us-gaap_PreferredStockSharesAuthorized
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassBMember
       
Preferred stock par value $ 1us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassBMember
  $ 1us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassBMember
       
Preferred stock, shares outstanding $ 2.5us-gaap_PreferredStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassBMember
  $ 2.5us-gaap_PreferredStockValueOutstanding
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassBMember
       
Preferred stock dividend declared     $ 7.53993us-gaap_PreferredStockDividendsPerShareDeclared
/ us-gaap_StatementClassOfStockAxis
= us-gaap_PreferredClassBMember
       
5.25% Convertible Notes Due 2014 [Member]              
Class of Stock [Line Items]              
Common stock issued, in shares             89,000,000us-gaap_CommonStockSharesIssued
/ us-gaap_StatementClassOfStockAxis
= aa_FivePointTwoFivePercentConvertibleNotesDueTwoThousandFourteenMember
Debt Instrument, Interest Rate, Stated Percentage             5.25%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_StatementClassOfStockAxis
= aa_FivePointTwoFivePercentConvertibleNotesDueTwoThousandFourteenMember
Firth Rixson [Member]              
Class of Stock [Line Items]              
Issuance of common stock     37,000,000us-gaap_StockIssuedDuringPeriodSharesAcquisitions
/ us-gaap_BusinessAcquisitionAxis
= aa_FirthRixsonMember
    37,000,000us-gaap_StockIssuedDuringPeriodSharesAcquisitions
/ us-gaap_BusinessAcquisitionAxis
= aa_FirthRixsonMember
 
IPO [Member]              
Class of Stock [Line Items]              
Underwriter 30-day common stock options     30 days        
IPO [Member] | Depository Shares [Member]              
Class of Stock [Line Items]              
Additional shares granted     3,750,000aa_AdditionalNumberOfSharesAvailableForGrant
/ us-gaap_StatementClassOfStockAxis
= aa_DepositoryShareMember
/ us-gaap_SubsidiarySaleOfStockAxis
= us-gaap_IPOMember
       
Maximum [Member]              
Class of Stock [Line Items]              
Preferred stock conversion price $ 30.9406aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
  $ 30.9406aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
       
Minimum [Member]              
Class of Stock [Line Items]              
Preferred stock conversion price $ 25.7838aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
  $ 25.7838aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
       
Class B Mandatory Convertible Preferred Stock [Member]              
Class of Stock [Line Items]              
Percentage ownership   5.375%us-gaap_SaleOfStockPercentageOfOwnershipBeforeTransaction
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_ClassbMandatoryConvertiblePreferredStockMember
         
Mandatory Convertible Preferred Stock [Member]              
Class of Stock [Line Items]              
Preferred stock par value   $ 1us-gaap_PreferredStockParOrStatedValuePerShare
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
         
Preferred stock liquidation preference   $ 500us-gaap_PreferredStockLiquidationPreference
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
         
Preferred share   2,500,000aa_InvestmentInPreferredShare
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
         
Preferred stock dividend declared     $ 26.8750us-gaap_PreferredStockDividendsPerShareDeclared
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
       
Preferred stock conversion date     Oct. 01, 2017        
Mandatory Convertible Preferred Stock [Member] | IPO [Member]              
Class of Stock [Line Items]              
Additional shares granted     375,000aa_AdditionalNumberOfSharesAvailableForGrant
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
/ us-gaap_SubsidiarySaleOfStockAxis
= us-gaap_IPOMember
       
Mandatory Convertible Preferred Stock [Member] | Maximum [Member]              
Class of Stock [Line Items]              
Preferred stock conversion price $ 30.9406aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
  $ 30.9406aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
       
Mandatory Convertible Preferred Stock [Member] | Minimum [Member]              
Class of Stock [Line Items]              
Preferred stock conversion price $ 25.2994aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
  $ 25.2994aa_PreferredStockConversionPrice
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
       
Mandatory Convertible Preferred Stock [Member] | Minimum [Member] | Anti - Dilution Adjustments [Member]              
Class of Stock [Line Items]              
Preferred stock conversion price $ 25.7838aa_PreferredStockConversionPrice
/ us-gaap_ConversionOfStockByUniqueDescriptionAxis
= aa_AntiDilutionAdjustmentsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember
  $ 25.7838aa_PreferredStockConversionPrice
/ us-gaap_ConversionOfStockByUniqueDescriptionAxis
= aa_AntiDilutionAdjustmentsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_ScheduleOfSharesSubjectToMandatoryRedemptionBySettlementTermsAxis
= aa_MandatoryConvertiblePreferredStockMember