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Statement of Consolidated Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Sales (I) $ 3,236 $ 3,138 $ 9,689 $ 9,427
Cost of goods sold (exclusive of expenses below) 2,626 2,503 7,701 7,436
Selling, general administrative, and other expenses 155 229 580 673
Research and development expenses 25 30 83 93
Provision for depreciation and amortization 140 136 410 402
Restructuring and other charges (D & E) 19 3 118 33
Operating income 271 237 797 790
Interest expense (L) 100 126 398 371
Other income, net (G) (1) (11) (526) (40)
Income from continuing operations before income taxes 172 122 925 459
Provision for income taxes 53 56 272 230
Income from continuing operations after income taxes 119 66 653 229
Income from discontinued operations after income taxes (G)   120   146
Net income 119 186 653 375
Less: Income from discontinued operations attributable to noncontrolling interests (G)   20   58
Net income attributable to Arconic 119 166 653 317
Amounts Attributable to Arconic Common Shareholders (J):        
Net income $ 101 $ 148 $ 600 $ 265
Earnings per share - basic        
Continuing operations $ 0.23 $ 0.11 $ 1.36 $ 0.40
Discontinued operations   0.23   0.20
Net income per share - basic 0.23 0.34 1.36 0.60
Earnings per share - diluted        
Continuing operations 0.22 0.11 1.31 0.40
Discontinued operations   0.22   0.20
Net income per share - diluted 0.22 0.33 1.31 0.60
Dividends paid per share $ 0.06 $ 0.09 $ 0.18 $ 0.27
Weighted Average Shares Outstanding (J):        
Average shares outstanding - basic 442 438 441 438
Average shares outstanding - diluted 462 453 501 443