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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive (Loss) by Component

The following table details the activity of the four components that comprise Accumulated other comprehensive loss for both Alcoa’s shareholders and noncontrolling interests:

 

     Alcoa         Noncontrolling Interests      
      2015     2014     2013     2015     2014     2013  

Pension and other postretirement benefits (W)

            

Balance at beginning of period

   $ (3,601   $ (3,532   $ (4,063   $ (64   $ (51   $ (77

Other comprehensive (loss) income:

            

Unrecognized net actuarial loss and prior service cost/benefit

     (478     (492     281        5        (22     28   

Tax benefit (expense)

     170        167        (88     (1     7        (9

Total Other comprehensive (loss) income before reclassifications, net of tax

     (308     (325     193        4        (15     19   

Amortization of net actuarial loss and prior service cost/benefit(1)

     458        394        520        6        3        11   

Tax expense(2)

     (160     (138     (182     (2     (1     (4

Total amount reclassified from Accumulated other comprehensive loss, net of tax(8)

     298        256        338        4        2        7   

Total Other comprehensive (loss) income

     (10     (69     531        8        (13     26   

Balance at end of period

   $ (3,611   $ (3,601   $ (3,532   $ (56   $ (64   $ (51

Foreign currency translation

            

Balance at beginning of period

   $ (846   $ 179      $ 1,147      $ (351   $ (110   $ 257   

Other comprehensive loss(3)

     (1,566     (1,025     (968     (429     (241     (367

Balance at end of period

   $ (2,412   $ (846   $ 179      $ (780   $ (351   $ (110

Available-for-sale securities

            

Balance at beginning of period

   $ -      $ 2      $ 3      $ -      $ -      $ -   

Other comprehensive loss(4)

     (5     (2     (1     -        -        -   

Balance at end of period

   $ (5   $ -      $ 2      $ -      $ -      $ -   

Cash flow hedges (X)

            

Balance at beginning of period

   $ (230   $ (308   $ (489   $ (2   $ (2   $ (5

Other comprehensive income (loss):

            

Net change from periodic revaluations

     1,138        78        205        (1     -        4   

Tax expense

     (340     (21     (43     -        -        (1

Total Other comprehensive income before reclassifications, net of tax

     798        57        162        (1     -        3   

Net amount reclassified to earnings:

            

Aluminum contracts(5)

     21        27        18        -        -        -   

Energy contracts(6)

     6        -        -        -        -        -   

Foreign exchange contracts(5)

     5        (3     2        -        -        -   

Interest rate contracts(7)

     1        1        2        -        -        -   

Nickel contracts(6)

     2        -        -        -        -        -   

Sub-total

     35        25        22        -        -        -   

Tax (expense)(2)

     (6     (4     (3     -        -        -   

Total amount reclassified from Accumulated other comprehensive loss, net of tax(8)

     29        21        19        -        -        -   

Total Other comprehensive income (loss)

     827        78        181        (1     -        3   

Balance at end of period

   $ 597      $ (230   $ (308   $ (3   $ (2   $ (2
(1) 

These amounts were included in the computation of net periodic benefit cost for pension and other postretirement benefits (see Note W).

(2) 

These amounts were included in Provision for income taxes on the accompanying Statement of Consolidated Operations.

(3) 

In all periods presented, there were no tax impacts related to rate changes and no amounts were reclassified to earnings.

(4) 

In all periods presented, unrealized and realized gains and losses related to these securities were immaterial. Realized gains and losses were included in Other expenses (income), net on the accompanying Statement of Consolidated Operations.

(5) 

These amounts were included in Sales on the accompanying Statement of Consolidated Operations.

(6) 

These amounts were included in Cost of goods sold on the accompanying Statement of Consolidated Operations.

(7) 

These amounts were included in Interest expense on the accompanying Statement of Consolidated Operations.

(8) 

A positive amount indicates a corresponding charge to earnings and a negative amount indicates a corresponding benefit to earnings. These amounts were reflected on the accompanying Statement of Consolidated Operations in the line items indicated in footnotes 1 through 7.