XML 27 R52.htm IDEA: XBRL DOCUMENT v3.2.0.727
Derivatives and Other Financial Instruments - Schedule of Quantitative Information for Level 3 Derivative Contracts (Detail)
$ in Millions
6 Months Ended
Jun. 30, 2015
USD ($)
Index
$ / Metric_Ton
$ / MWh
$ / Barrels
$ / AUD
$ / lb
Dec. 31, 2014
USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Derivative Assets, Fair value | $ $ 680 $ 268
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum Prices, Foreign Currency Exchange Rates, and U.S. Consumer Price Index [Member] | Level 3 [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Derivative Assets, Fair value | $ $ 119  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum Prices, Foreign Currency Exchange Rates, and U.S. Consumer Price Index [Member] | Average Price [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 1,668  
Maturity year of future aluminum price 2015  
Expected future aluminum prices 1,668  
Maturity year of future aluminum price 2015  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum Prices, Foreign Currency Exchange Rates, and U.S. Consumer Price Index [Member] | Average Price [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 1,761  
Maturity year of future aluminum price 2016  
Expected future aluminum prices 1,761  
Maturity year of future aluminum price 2016  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum Prices, Foreign Currency Exchange Rates, and U.S. Consumer Price Index [Member] | Estimated Foreign Currency Exchange Rate [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Foreign currency exchange rate | $ / AUD 0.77  
Foreign currency exchange rate expected year 2015  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum Prices, Foreign Currency Exchange Rates, and U.S. Consumer Price Index [Member] | Estimated Foreign Currency Exchange Rate [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Foreign currency exchange rate | $ / AUD 0.77  
Foreign currency exchange rate expected year 2016  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum Prices, Foreign Currency Exchange Rates, and U.S. Consumer Price Index [Member] | Consumer Price Index [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected consumer price index | Index 234  
Expected consumer price index, Year 2015  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum Prices, Foreign Currency Exchange Rates, and U.S. Consumer Price Index [Member] | Consumer Price Index [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Consumer price index base year 1982  
Consumer price index base | Index 100  
Expected consumer price index | Index 241  
Expected consumer price index, Year 2016  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum and Oil Prices [Member] | Average Price [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 1,668  
Maturity year of future aluminum price 2015  
Expected future oil prices | $ / Barrels 62  
Maturity year of future oil price 2015  
Expected future aluminum prices 1,668  
Maturity year of future aluminum price 2015  
Embedded Aluminum Derivative [Member] | Interrelationship of Future Aluminum and Oil Prices [Member] | Average Price [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 1,910  
Maturity year of future aluminum price 2018  
Expected future oil prices | $ / Barrels 72  
Maturity year of future oil price 2018  
Expected future aluminum prices 1,910  
Maturity year of future aluminum price 2018  
Embedded Aluminum Derivative [Member] | Price of Aluminum beyond Forward Curve [Member] | Level 3 [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Derivative Assets, Fair value | $ $ 557  
Derivative Liabilities, Fair value | $ $ 294  
Embedded Aluminum Derivative [Member] | Price of Aluminum beyond Forward Curve [Member] | Average Price [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 2,660  
Maturity year of future aluminum price 2025  
Expected future aluminum prices 2,660  
Maturity year of future aluminum price 2025  
Embedded Aluminum Derivative [Member] | Price of Aluminum beyond Forward Curve [Member] | Average Price [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 2,353  
Maturity year of future aluminum price 2027  
Expected future aluminum prices 2,353  
Maturity year of future aluminum price 2027  
Embedded Aluminum Derivative [Member] | Price of Aluminum beyond Forward Curve [Member] | Midwest Premium | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Midwest Premium | $ / lb 0.0920  
Foreign currency exchange rate expected year 2020  
Embedded Aluminum Derivative [Member] | Price of Aluminum beyond Forward Curve [Member] | Midwest Premium | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Midwest Premium | $ / lb 0.0920  
Embedded Aluminum Derivative [Member] | Interrelationship of LME Price to Overall Energy Price [Member] | Average Price [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 1,802  
Maturity year of future aluminum price 2015  
Expected future aluminum prices 1,802  
Maturity year of future aluminum price 2015  
Embedded Aluminum Derivative [Member] | Interrelationship of LME Price to Overall Energy Price [Member] | Average Price [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 1,935  
Maturity year of future aluminum price 2019  
Expected future aluminum prices 1,935  
Maturity year of future aluminum price 2019  
Embedded Aluminum Derivative [Member] | Two Contracts [Member] | Price of Aluminum beyond Forward Curve [Member] | Average Price [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 2,460  
Maturity year of future aluminum price 2029  
Expected future aluminum prices 2,460  
Maturity year of future aluminum price 2029  
Embedded Aluminum Derivative [Member] | Two Contracts [Member] | Price of Aluminum beyond Forward Curve [Member] | Midwest Premium | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Foreign currency exchange rate expected year 2029  
Embedded Aluminum Derivative [Member] | One Contract [Member] | Price of Aluminum beyond Forward Curve [Member] | Average Price [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Expected future aluminum prices 2,756  
Maturity year of future aluminum price 2036  
Expected future aluminum prices 2,756  
Maturity year of future aluminum price 2036  
Embedded Aluminum Derivative [Member] | One Contract [Member] | Price of Aluminum beyond Forward Curve [Member] | Midwest Premium | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Foreign currency exchange rate expected year 2036  
Embedded Credit Derivative [Member] | Price of Aluminum beyond Forward Curve [Member] | Level 3 [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Derivative Liabilities, Fair value | $ $ 19  
Embedded Credit Derivative [Member] | Credit Spread between Alcoa and Counterparty [Member] | Credit Spread [Member] | Level 3 [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Percentage of credit spread 1.80%  
Embedded Credit Derivative [Member] | Credit Spread between Alcoa and Counterparty [Member] | Credit Spread [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Percentage of credit spread 1.65%  
Embedded Credit Derivative [Member] | Credit Spread between Alcoa and Counterparty [Member] | Credit Spread [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Percentage of credit spread 1.95%  
Energy Contracts [Member] | Price of Electricity beyond Forward Curve [Member] | Level 3 [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Derivative Liabilities, Fair value | $ $ 9  
Energy Contracts [Member] | Price of Electricity beyond Forward Curve [Member] | Average Price [Member] | Level 3 [Member] | Minimum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Price of electricity beyond forward curve | $ / MWh 43  
Maturity date of electricity beyond forward curve 2018  
Energy Contracts [Member] | Price of Electricity beyond Forward Curve [Member] | Average Price [Member] | Level 3 [Member] | Maximum [Member]    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Price of electricity beyond forward curve | $ / MWh 130  
Maturity date of electricity beyond forward curve 2036