2023 Q4 Form 10-Q Financial Statement
#000000428123000020 Filed on November 02, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
Revenue | $1.731B | $1.658B | $1.433B |
YoY Change | 14.41% | 15.7% | 11.69% |
Cost Of Revenue | $1.230B | $1.183B | $1.056B |
YoY Change | 10.81% | 12.03% | 13.79% |
Gross Profit | $501.0M | $475.0M | $377.0M |
YoY Change | 24.32% | 25.99% | 6.2% |
Gross Profit Margin | 28.94% | 28.65% | 26.31% |
Selling, General & Admin | $83.00M | $87.00M | $73.00M |
YoY Change | 31.75% | 19.18% | 4.29% |
% of Gross Profit | 16.57% | 18.32% | 19.36% |
Research & Development | $9.000M | $9.000M | $7.000M |
YoY Change | 0.0% | 28.57% | 75.0% |
% of Gross Profit | 1.8% | 1.89% | 1.86% |
Depreciation & Amortization | $68.00M | $68.00M | $65.00M |
YoY Change | 1.49% | 4.62% | -4.41% |
% of Gross Profit | 13.57% | 14.32% | 17.24% |
Operating Expenses | $160.0M | $96.00M | $80.00M |
YoY Change | 15.11% | 20.0% | 8.11% |
Operating Profit | $341.0M | $307.0M | $228.0M |
YoY Change | 29.17% | 34.65% | 11.22% |
Interest Expense | -$52.00M | $54.00M | $57.00M |
YoY Change | -21.21% | -5.26% | -9.52% |
% of Operating Profit | -15.25% | 17.59% | 25.0% |
Other Income/Expense, Net | -$3.000M | -$11.00M | -$67.00M |
YoY Change | -105.08% | -83.58% | 6600.0% |
Pretax Income | $270.0M | $242.0M | $104.0M |
YoY Change | 82.43% | 132.69% | 352.17% |
Income Tax | $34.00M | $54.00M | $24.00M |
% Of Pretax Income | 12.59% | 22.31% | 23.08% |
Net Earnings | $236.0M | $188.0M | $80.00M |
YoY Change | 112.61% | 135.0% | 196.3% |
Net Earnings / Revenue | 13.63% | 11.34% | 5.58% |
Basic Earnings Per Share | $0.45 | $0.19 | |
Diluted Earnings Per Share | $0.57 | $0.45 | $0.19 |
COMMON SHARES | |||
Basic Shares Outstanding | 411.7M shares | 412.2M shares | 415.4M shares |
Diluted Shares Outstanding | 415.0M shares | 420.0M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $610.0M | $424.0M | $453.0M |
YoY Change | -22.88% | -6.4% | -37.43% |
Cash & Equivalents | $610.0M | $424.0M | $453.0M |
Short-Term Investments | |||
Other Short-Term Assets | $249.0M | $212.0M | $181.0M |
YoY Change | 20.87% | 17.13% | -14.22% |
Inventory | $1.765B | $1.748B | $1.612B |
Prepaid Expenses | |||
Receivables | $675.0M | $714.0M | $550.0M |
Other Receivables | $17.00M | $13.00M | $50.00M |
Total Short-Term Assets | $3.316B | $3.111B | $2.846B |
YoY Change | 5.5% | 9.31% | 0.92% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.328B | $2.296B | $2.288B |
YoY Change | -0.17% | 0.35% | -7.85% |
Goodwill | $4.035B | $4.007B | $3.965B |
YoY Change | 0.55% | 1.06% | -2.75% |
Intangibles | $505.0M | $507.0M | $523.0M |
YoY Change | -3.07% | -3.06% | -5.6% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $198.0M | $200.0M | $201.0M |
YoY Change | 3.13% | -0.5% | -9.05% |
Total Long-Term Assets | $7.112B | $7.055B | $7.083B |
YoY Change | 0.0% | -0.4% | -6.02% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.316B | $3.111B | $2.846B |
Total Long-Term Assets | $7.112B | $7.055B | $7.083B |
Total Assets | $10.43B | $10.17B | $9.929B |
YoY Change | 1.69% | 2.39% | -4.13% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $982.0M | $894.0M | $812.0M |
YoY Change | 2.08% | 10.1% | 25.7% |
Accrued Expenses | $328.0M | $330.0M | $303.0M |
YoY Change | 8.61% | 8.91% | -0.33% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $1.000M |
YoY Change | -100.0% | -92.86% | |
Long-Term Debt Due | $206.0M | $1.000M | |
YoY Change | -92.86% | ||
Total Short-Term Liabilities | $1.784B | $1.454B | $1.381B |
YoY Change | 20.38% | 5.29% | 14.32% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $3.500B | $3.794B | $4.170B |
YoY Change | -15.91% | -9.02% | -2.39% |
Other Long-Term Liabilities | $1.107B | $1.046B | $1.105B |
YoY Change | 9.6% | -5.34% | -14.87% |
Total Long-Term Liabilities | $3.500B | $4.840B | $4.170B |
YoY Change | -15.91% | 16.07% | -2.39% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.784B | $1.454B | $1.381B |
Total Long-Term Liabilities | $3.500B | $4.840B | $4.170B |
Total Liabilities | $6.391B | $6.294B | $6.656B |
YoY Change | -3.95% | -5.44% | -1.8% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.720B | $1.485B | $917.0M |
YoY Change | 67.32% | 61.94% | 71.72% |
Common Stock | $410.0M | $412.0M | $414.0M |
YoY Change | -0.49% | -0.48% | -3.27% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $4.037B | $3.872B | $3.273B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.43B | $10.17B | $9.929B |
YoY Change | 1.69% | 2.39% | -4.13% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $236.0M | $188.0M | $80.00M |
YoY Change | 112.61% | 135.0% | 196.3% |
Depreciation, Depletion And Amortization | $68.00M | $68.00M | $65.00M |
YoY Change | 1.49% | 4.62% | -4.41% |
Cash From Operating Activities | $458.0M | $191.0M | $65.00M |
YoY Change | 0.66% | 193.85% | -2.99% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $55.00M | $59.00M | $42.00M |
YoY Change | 22.22% | 40.48% | -10.64% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $3.000M | $1.000M | $1.000M |
YoY Change | -81.25% | 0.0% | -98.97% |
Cash From Investing Activities | -$52.00M | -$58.00M | -$41.00M |
YoY Change | 79.31% | 41.46% | -182.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -222.0M | -243.0M | -106.0M |
YoY Change | 149.44% | 129.25% | 0.0% |
NET CHANGE | |||
Cash From Operating Activities | 458.0M | 191.0M | 65.00M |
Cash From Investing Activities | -52.00M | -58.00M | -41.00M |
Cash From Financing Activities | -222.0M | -243.0M | -106.0M |
Net Change In Cash | 184.0M | -110.0M | -82.00M |
YoY Change | -45.4% | 34.15% | -845.45% |
FREE CASH FLOW | |||
Cash From Operating Activities | $458.0M | $191.0M | $65.00M |
Capital Expenditures | $55.00M | $59.00M | $42.00M |
Free Cash Flow | $403.0M | $132.0M | $23.00M |
YoY Change | -1.71% | 473.91% | 15.0% |
Facts In Submission
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Retained Earnings Accumulated Deficit
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Retained Earnings Accumulated Deficit
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Net Income Loss
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Preferred Stock Dividends And Other Adjustments
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Weighted Average Number Of Shares Outstanding Basic
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Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
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Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
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CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent | |
CY2022Q4 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent | |
CY2023Q3 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent | |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2023#DeferredCreditsAndOtherLiabilitiesNoncurrent | |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2023#DeferredCreditsAndOtherLiabilitiesNoncurrent | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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79000000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
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CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
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4162000000 | usd |
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Net Income Loss
NetIncomeLoss
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358000000 | usd | |
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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-5000000 | usd | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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0.06 | |
CY2022Q3 | us-gaap |
Dividends Common Stock
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CY2022Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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Stock Issued During Period Value Share Based Compensation
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CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
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Stockholders Equity
StockholdersEquity
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Net Income Loss
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|
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CY2023Q3 | us-gaap |
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Common Stock Dividends Per Share Declared
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0.09 | |
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Dividends Common Stock
DividendsCommonStock
|
36000000 | usd |
CY2023Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
25000000 | usd |
CY2023Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
13000000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3872000000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3508000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
358000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-248000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.10 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
42000000 | usd | |
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
335000000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
43000000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-9000000 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3273000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3601000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
529000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-9000000 | usd | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.17 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
70000000 | usd | |
us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
150000000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
39000000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-66000000 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3872000000 | usd |
CY2023Q1 | hwm |
Supplier Finance Program Agreement Termination Notice Period
SupplierFinanceProgramAgreementTerminationNoticePeriod
|
P30D | |
CY2023Q1 | us-gaap |
Supplier Finance Program Payment Timing Period
SupplierFinanceProgramPaymentTimingPeriod
|
P120D | |
CY2023Q3 | us-gaap |
Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
|
254000000 | usd |
CY2022Q4 | us-gaap |
Supplier Finance Program Obligation Current
SupplierFinanceProgramObligationCurrent
|
240000000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
172000000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
148000000 | usd | |
CY2022Q3 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
1000000 | usd |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
3000000 | usd | |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
6000000 | usd | |
CY2023Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
4000000 | usd |
CY2022Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
4000000 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
8000000 | usd | |
us-gaap |
Restructuring Charges
RestructuringCharges
|
12000000 | usd | |
CY2023Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
4000000 | usd |
CY2023Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
1000000 | usd |
us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
3000000 | usd | |
CY2022Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
4000000 | usd |
CY2022Q3 | us-gaap |
Restructuring Reserve Accelerated Depreciation
RestructuringReserveAcceleratedDepreciation
|
1000000 | usd |
us-gaap |
Restructuring Charges
RestructuringCharges
|
12000000 | usd | |
CY2023Q2 | us-gaap |
Increase Decrease In Pension Plan Obligations
IncreaseDecreaseInPensionPlanObligations
|
-19000000 | usd |
CY2023Q3 | hwm |
Defined Benefit Plan Benefit Obligation Contributions And Payments
DefinedBenefitPlanBenefitObligationContributionsAndPayments
|
9000000 | usd |
hwm |
Defined Benefit Plan Benefit Obligation Contributions And Payments
DefinedBenefitPlanBenefitObligationContributionsAndPayments
|
28000000 | usd | |
CY2022Q3 | hwm |
Defined Benefit Plan Benefit Obligation Contributions And Payments
DefinedBenefitPlanBenefitObligationContributionsAndPayments
|
18000000 | usd |
hwm |
Defined Benefit Plan Benefit Obligation Contributions And Payments
DefinedBenefitPlanBenefitObligationContributionsAndPayments
|
43000000 | usd | |
CY2023Q3 | hwm |
Net Periodic Benefit Cost Nonservice
NetPeriodicBenefitCostNonservice
|
7000000 | usd |
CY2022Q3 | hwm |
Net Periodic Benefit Cost Nonservice
NetPeriodicBenefitCostNonservice
|
4000000 | usd |
hwm |
Net Periodic Benefit Cost Nonservice
NetPeriodicBenefitCostNonservice
|
22000000 | usd | |
hwm |
Net Periodic Benefit Cost Nonservice
NetPeriodicBenefitCostNonservice
|
11000000 | usd | |
CY2023Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
5000000 | usd |
CY2022Q3 | us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
2000000 | usd |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
15000000 | usd | |
us-gaap |
Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
|
3000000 | usd | |
CY2023Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-5000000 | usd |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
3000000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-3000000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
7000000 | usd | |
CY2023Q3 | us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
-6000000 | usd |
CY2022Q3 | us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
-5000000 | usd |
us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
-17000000 | usd | |
us-gaap |
Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
|
-12000000 | usd | |
CY2023Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
-1000000 | usd |
CY2022Q3 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
-2000000 | usd |
us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
5000000 | usd | |
us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
-11000000 | usd | |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1000000 | usd |
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-65000000 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
27000000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-65000000 | usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-11000000 | usd |
CY2022Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-67000000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5000000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-67000000 | usd | |
us-gaap |
Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
|
-25000000 | usd | |
us-gaap |
Legal Fees
LegalFees
|
1000000 | usd | |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.230 | |
CY2022Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.243 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.243 | ||
CY2023Q3 | hwm |
Effective Income Tax Rate Reconciliation Including Discrete Items Percent
EffectiveIncomeTaxRateReconciliationIncludingDiscreteItemsPercent
|
0.223 | |
CY2022Q3 | hwm |
Effective Income Tax Rate Reconciliation Including Discrete Items Percent
EffectiveIncomeTaxRateReconciliationIncludingDiscreteItemsPercent
|
0.231 | |
CY2022Q3 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-2000000 | usd |
hwm |
Effective Income Tax Rate Reconciliation Including Discrete Items Percent
EffectiveIncomeTaxRateReconciliationIncludingDiscreteItemsPercent
|
0.218 | ||
hwm |
Discrete Income Tax Expense Benefit
DiscreteIncomeTaxExpenseBenefit
|
13000000 | usd | |
us-gaap |
Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
|
20000000 | usd | |
hwm |
Discrete Income Tax Expense Benefit
DiscreteIncomeTaxExpenseBenefit
|
-11000000 | usd | |
us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-6000000 | usd | |
hwm |
Effective Income Tax Reconciliation Change In Estimate From Prior Period Amount
EffectiveIncomeTaxReconciliationChangeInEstimateFromPriorPeriodAmount
|
0 | usd | |
hwm |
Effective Income Tax Reconciliation Change In Estimate From Prior Period Amount
EffectiveIncomeTaxReconciliationChangeInEstimateFromPriorPeriodAmount
|
0 | usd | |
us-gaap |
Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
|
1000000 | usd | |
us-gaap |
Income Tax Reconciliation Tax Contingencies Foreign
IncomeTaxReconciliationTaxContingenciesForeign
|
0 | usd | |
us-gaap |
Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
|
20000000 | usd | |
us-gaap |
Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
|
0 | usd | |
CY2023Q3 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
-1000000 | usd |
us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
-7000000 | usd | |
us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
-11000000 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
54000000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
176000000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
100000000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
529000000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
358000000 | usd | |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
2000000 | usd | |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
2000000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
79000000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
79000000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
527000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
527000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
356000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
356000000 | usd | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
412000000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
417000000 | shares | |
CY2022Q3 | us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
5000000 | shares |
us-gaap |
Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
|
5000000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
417000000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
422000000 | shares | |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
412000000 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
414000000 | shares |
CY2021Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
1500000000 | usd |
CY2023Q3 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
797000000 | usd |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
576629 | shares |
CY2023Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
43.36 | |
CY2023Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
25000000 | usd |
CY2023Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
2246294 | shares |
CY2023Q2 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
44.52 | |
CY2023Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
100000000 | usd |
CY2023Q3 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
506800 | shares |
CY2023Q3 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
49.32 | |
CY2023Q3 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
25000000 | usd |
us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
3329723 | shares | |
us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
45.05 | ||
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
150000000 | usd | |
CY2023Q3 | hwm |
Weighted Average Shares Outstanding Basic Increase Decrease
WeightedAverageSharesOutstandingBasicIncreaseDecrease
|
-3000000 | shares |
CY2023 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
5000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.09 | |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.04 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.17 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.12 | ||
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.06 | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.02 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.10 | ||
us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.06 | ||
CY2023Q3 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
446000000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
490000000 | usd |
CY2023Q3 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
857000000 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
748000000 | usd |
CY2023Q3 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
378000000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
317000000 | usd |
CY2023Q3 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
67000000 | usd |
CY2022Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
54000000 | usd |
CY2023Q3 | us-gaap |
Inventory Net
InventoryNet
|
1748000000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
1609000000 | usd |
CY2023Q3 | us-gaap |
Lifo Inventory Amount
LIFOInventoryAmount
|
423000000 | usd |
CY2022Q4 | us-gaap |
Lifo Inventory Amount
LIFOInventoryAmount
|
441000000 | usd |
CY2023Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
237000000 | usd |
CY2022Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
220000000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5088000000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5011000000 | usd |
CY2023Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2993000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2858000000 | usd |
CY2023Q3 | hwm |
Properties Plants And Equipment Excluding Construction Work In Progress
PropertiesPlantsAndEquipmentExcludingConstructionWorkInProgress
|
2095000000 | usd |
CY2022Q4 | hwm |
Properties Plants And Equipment Excluding Construction Work In Progress
PropertiesPlantsAndEquipmentExcludingConstructionWorkInProgress
|
2153000000 | usd |
CY2023Q3 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
201000000 | usd |
CY2022Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
179000000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2296000000 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2332000000 | usd |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
44000000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
30000000 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
16000000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
16000000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
48000000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
46000000 | usd | |
CY2023Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
112000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
111000000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
32000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
32000000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
83000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
83000000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
115000000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
115000000 | usd |
CY2023Q3 | us-gaap |
Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
|
6000000 | usd |
CY2022Q4 | hwm |
Insurance Annual Coverage Limit
InsuranceAnnualCoverageLimit
|
80000000 | usd |
CY2023Q3 | hwm |
Amount Committed Under Outstanding Surety Bonds
AmountCommittedUnderOutstandingSuretyBonds
|
42000000 | usd |
CY2023Q3 | hwm |
Other Long Term Debt Including Unamortized Debt Discounts And Issuance Costs
OtherLongTermDebtIncludingUnamortizedDebtDiscountsAndIssuanceCosts
|
-11000000 | usd |
CY2022Q4 | hwm |
Other Long Term Debt Including Unamortized Debt Discounts And Issuance Costs
OtherLongTermDebtIncludingUnamortizedDebtDiscountsAndIssuanceCosts
|
-19000000 | usd |
CY2023Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
3794000000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
4162000000 | usd |
CY2022Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
CY2023Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | usd |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | usd | |
CY2023Q3 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1000000 | usd |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
1000000 | usd |
hwm |
Number Of Cleanup Locations
NumberOfCleanupLocations
|
30 | location | |
CY2023Q3 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
17000000 | usd |
CY2022Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
16000000 | usd |
CY2023Q3 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
6000000 | usd |
CY2022Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
6000000 | usd |
CY2023Q3 | us-gaap |
Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
|
2000000 | usd |
CY2022Q3 | us-gaap |
Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
|
1000000 | usd |
us-gaap |
Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
|
4000000 | usd | |
us-gaap |
Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
|
1000000 | usd | |
CY2023Q1 | us-gaap |
Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
|
74000000 | usd |
CY2023Q2 | us-gaap |
Loss Contingency Accrual Carrying Value Period Increase Decrease
LossContingencyAccrualCarryingValuePeriodIncreaseDecrease
|
-25000000 | usd |
CY2023Q3 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
20000000 | usd |
CY2022Q4 | us-gaap |
Guarantees Fair Value Disclosure
GuaranteesFairValueDisclosure
|
6000000 | usd |
CY2023Q3 | hwm |
Separation And Distribution Agreement Surety Bonds Amount Outstanding
SeparationAndDistributionAgreementSuretyBondsAmountOutstanding
|
21000000 | usd |
CY2023Q3 | hwm |
Amount Committed Under Outstanding Surety Bonds
AmountCommittedUnderOutstandingSuretyBonds
|
42000000 | usd |