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Quarterly Data (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Data

Supplemental Financial Information (unaudited)

Quarterly Data

(in millions, except per-share amounts)

 

      First     Second      Third      Fourth(3)     Year  

2016

             

Sales

    $ 3,055     $ 3,234      $ 3,138      $ 2,967     $ 12,394  

Net income (loss) attributable to Arconic

    $ 16     $ 135      $ 166      $ (1,258 )    $ (941 ) 

Earnings per share attributable to Arconic common shareholders(1)(2):

             

Basic

             

Continuing operations

    $ 0.21     $ 0.08      $ 0.11      $ (2.98 )    $ (2.58 ) 

Discontinued operations

      (0.21 )      0.19        0.23        0.07       0.27  

Net income (loss) per share—basic

    $ 0.00     $ 0.27      $ 0.34      $ (2.91 )    $ (2.31 ) 

Diluted

             

Continuing operations

    $ 0.21     $ 0.08      $ 0.11      $ (2.98 )    $ (2.58 ) 

Discontinued operations

      (0.21 )      0.19        0.22        0.07       0.27  

Net income (loss) per share—diluted

    $ 0.00     $ 0.27      $ 0.33      $ (2.91 )    $ (2.31 ) 

2015

             

Sales

    $ 3,091     $ 3,204      $ 3,127      $ 2,991     $ 12,413  

Net income (loss) attributable to Arconic

    $ 195     $ 140      $ 44      $ (701 )    $ (322 ) 

Earnings per share attributable to Arconic common shareholders(1)(2):

             

Basic

             

Continuing operations

    $ (0.31 )    $ 0.21      $ 0.05      $ (0.48 )    $ (0.54 ) 

Discontinued operations

      0.75       0.09        0.01        (1.16 )      (0.39 ) 

Net income (loss) per share—basic

    $ 0.44     $ 0.30      $ 0.06      $ (1.64 )    $ (0.93 ) 

Diluted

             

Continuing operations

    $ (0.31 )    $ 0.21      $ 0.05      $ (0.48 )    $ (0.54 ) 

Discontinued operations

      0.74       0.09        0.01        (1.16 )      (0.39 ) 

Net income (loss) per share—basic

    $ 0.43     $ 0.30      $ 0.06      $ (1.64 )    $ (0.93 ) 

 

(1) 

Per share amounts are calculated independently for each period presented; therefore, the sum of the quarterly per share amounts may not equal the per share amounts for the year.
(2) 

Per share amounts for all periods presented have been updated to reflect the Reverse Stock Split (see Note A).
(3) 

In the fourth quarter of 2016, as a result of the Separation Transaction, Arconic recorded a charge of $1,267 for valuation allowances on certain deferred tax assets. In the fourth quarter of 2015, operations related to Alcoa Corporation, which were recorded in discontinued operations, recorded a loss of $508 primarily relating to restructuring and other charges of $685.