$HWM
Howmet Aerospace Inc.

2017 Q4 Form 10-Q Financial Statement

#000119312517333678 Filed on November 06, 2017

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q3 2016 Q3
Revenue $3.271B $3.236B $3.138B
YoY Change 10.25% 3.12% 0.35%
Cost Of Revenue $2.520B $2.591B $2.503B
YoY Change -346.58% 3.52% -45.1%
Gross Profit $751.0M $645.0M $635.0M
YoY Change -610.88% 1.57% -144.34%
Gross Profit Margin 22.96% 19.93% 20.24%
Selling, General & Admin $135.0M $152.0M $229.0M
YoY Change -23.3% -33.62% -12.26%
% of Gross Profit 17.98% 23.57% 36.06%
Research & Development $26.00M $24.00M $30.00M
YoY Change 8.33% -20.0% -45.45%
% of Gross Profit 3.46% 3.72% 4.72%
Depreciation & Amortization $141.0M $140.0M $316.0M
YoY Change -27.32% -55.7% -0.63%
% of Gross Profit 18.77% 21.71% 49.76%
Operating Expenses $302.0M $176.0M $259.0M
YoY Change -2845.45% -32.05% -18.04%
Operating Profit $449.0M $310.0M $237.0M
YoY Change -430.15% 30.8% -113.56%
Interest Expense -$98.00M $100.0M $126.0M
YoY Change 50.77% -20.63% 2.44%
% of Operating Profit -21.83% 32.26% 53.16%
Other Income/Expense, Net -$40.00M -$38.00M $11.00M
YoY Change -176.92% -445.45% -26.67%
Pretax Income -$455.0M $172.0M $122.0M
YoY Change 10.98% 40.98% -40.78%
Income Tax $0.00 $53.00M $56.00M
% Of Pretax Income 30.81% 45.9%
Net Earnings -$727.0M $119.0M $166.0M
YoY Change -42.21% -28.31% 277.27%
Net Earnings / Revenue -22.23% 3.68% 5.29%
Basic Earnings Per Share -$1.51 $0.23 $0.34
Diluted Earnings Per Share -$1.51 $0.22 $0.33
COMMON SHARES
Basic Shares Outstanding 481.3M shares 442.0M shares 438.0M shares
Diluted Shares Outstanding 462.0M shares 453.0M shares

Balance Sheet

Concept 2017 Q4 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.150B $1.815B $1.863B
YoY Change 15.41% -2.58% 7.13%
Cash & Equivalents $2.150B $1.815B $1.863B
Short-Term Investments
Other Short-Term Assets $374.0M $357.0M $1.917B
YoY Change 15.08% -81.38% 74.27%
Inventory $2.480B $2.453B $3.455B
Prepaid Expenses
Receivables $1.035B $1.150B $1.675B
Other Receivables $339.0M $373.0M $458.0M
Total Short-Term Assets $6.378B $6.148B $9.368B
YoY Change 8.25% -34.37% 9.03%
LONG-TERM ASSETS
Property, Plant & Equipment $5.594B $5.526B $15.12B
YoY Change 1.73% -63.46% 2.51%
Goodwill $4.535B $5.246B $5.384B
YoY Change -11.91% -2.56% -1.08%
Intangibles $987.0M
YoY Change -0.1%
Long-Term Investments $0.00 $0.00 $1.465B
YoY Change -100.0% -100.0% -11.05%
Other Assets $481.0M $1.293B $3.035B
YoY Change 87.16% -57.4% -21.94%
Total Long-Term Assets $12.34B $13.09B $28.08B
YoY Change -12.77% -53.39% 0.3%
TOTAL ASSETS
Total Short-Term Assets $6.378B $6.148B $9.368B
Total Long-Term Assets $12.34B $13.09B $28.08B
Total Assets $18.72B $19.24B $37.45B
YoY Change -6.59% -48.63% 2.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.839B $1.656B $2.739B
YoY Change 5.45% -39.54% 0.18%
Accrued Expenses $523.0M $480.0M $830.0M
YoY Change -5.08% -42.17% 0.61%
Deferred Revenue
YoY Change
Short-Term Debt $38.00M $54.00M $32.00M
YoY Change -5.0% 68.75% -36.0%
Long-Term Debt Due $1.000M $1.000M $773.0M
YoY Change -75.0% -99.87%
Total Short-Term Liabilities $2.824B $2.677B $5.500B
YoY Change 2.73% -51.33% 6.86%
LONG-TERM LIABILITIES
Long-Term Debt $6.806B $6.802B $9.501B
YoY Change -15.39% -28.41% 4.51%
Other Long-Term Liabilities $4.164B $3.797B $8.502B
YoY Change 1.46% -55.34% 11.02%
Total Long-Term Liabilities $6.806B $6.802B $18.00B
YoY Change -15.39% -62.22% 7.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.824B $2.677B $5.500B
Total Long-Term Liabilities $6.806B $6.802B $18.00B
Total Liabilities $13.79B $13.28B $23.50B
YoY Change -7.4% -43.51% 7.34%
SHAREHOLDERS EQUITY
Retained Earnings -$1.248B -$519.0M $8.940B
YoY Change 21.52% -105.81% -6.42%
Common Stock $481.0M $442.0M $438.0M
YoY Change 9.82% 0.91% -68.51%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares 0.000 shares
Shareholders Equity $4.910B $5.948B $11.78B
YoY Change
Total Liabilities & Shareholders Equity $18.72B $19.24B $37.45B
YoY Change -6.59% -48.63% 2.35%

Cashflow Statement

Concept 2017 Q4 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income -$727.0M $119.0M $166.0M
YoY Change -42.21% -28.31% 277.27%
Depreciation, Depletion And Amortization $141.0M $140.0M $316.0M
YoY Change -27.32% -55.7% -0.63%
Cash From Operating Activities $334.0M -$57.00M $306.0M
YoY Change -395.58% -118.63% -27.14%
INVESTING ACTIVITIES
Capital Expenditures -$236.0M -$131.0M -$286.0M
YoY Change -24.12% -54.2% 6.72%
Acquisitions
YoY Change
Other Investing Activities $277.0M $231.0M $55.00M
YoY Change -66.34% 320.0% -84.29%
Cash From Investing Activities $41.00M $100.0M -$231.0M
YoY Change -91.99% -143.29% -381.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -45.00M -15.00M -143.0M
YoY Change -88.94% -89.51% 175.0%
NET CHANGE
Cash From Operating Activities 334.0M -57.00M 306.0M
Cash From Investing Activities 41.00M 100.0M -231.0M
Cash From Financing Activities -45.00M -15.00M -143.0M
Net Change In Cash 330.0M 28.00M -68.00M
YoY Change -4225.0% -141.18% -115.11%
FREE CASH FLOW
Cash From Operating Activities $334.0M -$57.00M $306.0M
Capital Expenditures -$236.0M -$131.0M -$286.0M
Free Cash Flow $570.0M $74.00M $592.0M
YoY Change 187.88% -87.5% -13.95%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
38.03
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14529000000
CY2016Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1863000000
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13945000000
CY2017Q2 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
874000000
CY2017Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
35.91
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5753000000
CY2017Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7000000
CY2017Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
39000000
CY2017Q3 us-gaap Assets Current
AssetsCurrent
6148000000
CY2017Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1150000000
CY2017Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6265000000
CY2017Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
8294000000
CY2017Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
1656000000
CY2017Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
292000000
CY2017Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2327000000
CY2017Q3 us-gaap Assets
Assets
19237000000
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1815000000
CY2017Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2017Q3 us-gaap Common Stock Value
CommonStockValue
442000000
CY2017Q3 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
876000000
CY2017Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
1024000000
CY2017Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
2110000000
CY2017Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
379000000
CY2017Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
25000000
CY2017Q3 us-gaap Goodwill
Goodwill
5246000000
CY2017Q3 us-gaap Inventory Net
InventoryNet
2453000000
CY2017Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
651000000
CY2017Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
386000000
CY2017Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
84000000
CY2017Q3 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
0
CY2017Q3 us-gaap Interest Payable Current
InterestPayableCurrent
101000000
CY2017Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
449000000
CY2017Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1332000000
CY2017Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
127000000
CY2017Q3 us-gaap Liabilities
Liabilities
13276000000
CY2017Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19237000000
CY2017Q3 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
1148000000
CY2017Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2677000000
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1000000
CY2017Q3 us-gaap Long Term Debt
LongTermDebt
6803000000
CY2017Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6802000000
CY2017Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1000000
CY2017Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6802000000
CY2017Q3 us-gaap Minority Interest
MinorityInterest
13000000
CY2017Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
412000000
CY2017Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1293000000
CY2017Q3 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
811000000
CY2017Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
373000000
CY2017Q3 us-gaap Preferred Stock Value
PreferredStockValue
55000000
CY2017Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
357000000
CY2017Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5526000000
CY2017Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11791000000
CY2017Q3 us-gaap Restructuring Reserve
RestructuringReserve
76000000
CY2017Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-519000000
CY2017Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
54000000
CY2017Q3 us-gaap Stockholders Equity
StockholdersEquity
5948000000
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5961000000
CY2017Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
74000000
CY2017Q3 arnc Mandatorily Redeemable Convertible Preferred Stock
MandatorilyRedeemableConvertiblePreferredStock
3000000
CY2017Q3 arnc Gross Accounts Receivable Sold Since Inception
GrossAccountsReceivableSoldSinceInception
34004000000
CY2017Q3 arnc Income Tax Examination Assessment Outstanding
IncomeTaxExaminationAssessmentOutstanding
129000000
CY2017Q3 arnc Income Tax Examination Assessment Outstanding
IncomeTaxExaminationAssessmentOutstanding
152000000
CY2017Q3 arnc Amount Committed Under Outstanding Surety Bonds
AmountCommittedUnderOutstandingSuretyBonds
128000000
CY2017Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
481324177 shares
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1919000000
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
93000000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14131000000
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
13000000
CY2016Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
48000000
CY2016Q4 us-gaap Assets Current
AssetsCurrent
5892000000
CY2016Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
974000000
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6073000000
CY2016Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
8214000000
CY2016Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1744000000
CY2016Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
308000000
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2568000000
CY2016Q4 us-gaap Assets
Assets
20038000000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1863000000
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Deferred Credits And Other Liabilities Noncurrent
DeferredCreditsAndOtherLiabilitiesNoncurrent
870000000
CY2016Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
1234000000
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
438000000
CY2016Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
2345000000
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
398000000
CY2016Q4 us-gaap Goodwill
Goodwill
5148000000
CY2016Q4 us-gaap Inventory Net
InventoryNet
2253000000
CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
625000000
CY2016Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
408000000
CY2016Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
76000000
CY2016Q4 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
1020000000
CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
153000000
CY2016Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
371000000
CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1144000000
CY2016Q4 us-gaap Liabilities
Liabilities
14897000000
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20038000000
CY2016Q4 us-gaap Lifo Inventory Amount
LIFOInventoryAmount
947000000
CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2749000000
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
8048000000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8044000000
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4000000
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4000000
CY2016Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8044000000
CY2016Q4 us-gaap Minority Interest
MinorityInterest
26000000
CY2016Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
329000000
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1245000000
CY2016Q4 us-gaap Other Postretirement Defined Benefit Plan Liabilities Noncurrent
OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent
889000000
CY2016Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
477000000
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
55000000
CY2016Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
325000000
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5499000000
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11572000000
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
59000000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1027000000
CY2016Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
36000000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
5115000000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5141000000
CY2016Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
85000000
CY2016Q4 arnc Mandatorily Redeemable Convertible Preferred Stock
MandatorilyRedeemableConvertiblePreferredStock
3000000
CY2012Q1 us-gaap Proceeds From Sale Of Finance Receivables
ProceedsFromSaleOfFinanceReceivables
50000000
CY2012Q1 arnc Sale Of Customer Receivables
SaleOfCustomerReceivables
304000000
CY2012Q1 arnc Deferred Price Customer Receivables
DeferredPriceCustomerReceivables
254000000
CY2017Q2 us-gaap Pension And Other Postretirement Benefit Contributions
PensionAndOtherPostretirementBenefitContributions
50000000
CY2017Q2 us-gaap Interest Expense
InterestExpense
24000000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
59000000
us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
17000000
dei Amendment Flag
AmendmentFlag
false
us-gaap Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
50000000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-48000000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.24
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
894000000
us-gaap Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
167000000
us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
7701000000
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Depreciation And Amortization
DepreciationAndAmortization
410000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
24000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
410000000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
163000000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
107000000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Type
DocumentType
10-Q
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.31
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
5000000
dei Document Period End Date
DocumentPeriodEndDate
2017-09-30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.36
dei Entity Registrant Name
EntityRegistrantName
Arconic Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0000004281
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
514000000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
653000000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.36
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-62000000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
37000000
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14000000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
39000000 shares
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
5000000 shares
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
600000000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-138000000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
168000000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
925000000
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.31
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
272000000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-94000000
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
144000000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-6000000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
278000000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-11000000
us-gaap Interest Expense
InterestExpense
398000000
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
7000000
us-gaap Interest Expense Debt
InterestExpenseDebt
58000000
us-gaap Interest Paid
InterestPaid
27000000
us-gaap Legal Fees
LegalFees
2000000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
14000000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
776000000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
600000000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
657000000
us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Change On Operating Results
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfChangeOnOperatingResults
150000000000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-918000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
89000000
us-gaap Net Income Loss
NetIncomeLoss
653000000
us-gaap Operating Income Loss
OperatingIncomeLoss
797000000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
526000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
241000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
110000000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-133000000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
251000000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
13000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-60000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
2000000
us-gaap Payments For Restructuring
PaymentsForRestructuring
46000000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
9000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
360000000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
53000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-246000000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
14000000
arnc Proceeds From Receivable Funding Since Inception
ProceedsFromReceivableFundingSinceInception
2208000000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
132000000
us-gaap Pension Contributions
PensionContributions
257000000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
890000000
us-gaap Proceeds From Collection Of Other Receivables
ProceedsFromCollectionOfOtherReceivables
33416000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-15000000
us-gaap Profit Loss
ProfitLoss
653000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
664000000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
48000000
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
15000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1484000000
us-gaap Restructuring Charges
RestructuringCharges
118000000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
83000000
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
800 Positions
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-9000000
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
9689000000
us-gaap Share Based Compensation
ShareBasedCompensation
59000000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
580000000
us-gaap Severance Costs1
SeveranceCosts1
7000000
us-gaap Stockholders Equity Other
StockholdersEquityOther
-16000000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
25000000
dei Trading Symbol
TradingSymbol
ARNC
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
501000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
441000000 shares
arnc Maximum Amount Of Cash Payments Expected To Be Paid Beyond Current Annual Period
MaximumAmountOfCashPaymentsExpectedToBePaidBeyondCurrentAnnualPeriod
20000000
arnc Proceeds From Receivable Funding During The Period
ProceedsFromReceivableFundingDuringThePeriod
450000000
arnc Aggregate Cash Contribution To Pension Plan
AggregateCashContributionToPensionPlan
150000000
arnc Net Cash Funding Received For Development Of Reserves Since Inception
NetCashFundingReceivedForDevelopmentOfReservesSinceInception
300000000
arnc Repayments For Receivable Funding Since Inception
RepaymentsForReceivableFundingSinceInception
1908000000
arnc Net Cash Funding Received For Development Of Reserves During The Period
NetCashFundingReceivedForDevelopmentOfReservesDuringThePeriod
0
arnc Restructuring Charges Including Predecessor Company
RestructuringChargesIncludingPredecessorCompany
118000000
arnc Restructuring And Other Charges After Tax And Noncontrolling Interests
RestructuringAndOtherChargesAfterTaxAndNoncontrollingInterests
99000000
arnc Segment Reporting Information Profits Losses
SegmentReportingInformationProfitsLosses
1640000000
arnc Segment Reporting Information Depreciation And Amortization Expense
SegmentReportingInformationDepreciationAndAmortizationExpense
388000000
arnc Repayments For Receivable Funding During The Period
RepaymentsForReceivableFundingDuringThePeriod
450000000
arnc Restructuring Reserve Period Expenses
RestructuringReservePeriodExpenses
54000000
arnc Minimum Required Cash Contribution To Pension Plan
MinimumRequiredCashContributionToPensionPlan
50000000
arnc Deferred Price Customer Receivables
DeferredPriceCustomerReceivables
238000000
arnc Minimum Amount Of Cash Payments Expected To Be Paid Beyond Current Annual Period
MinimumAmountOfCashPaymentsExpectedToBePaidBeyondCurrentAnnualPeriod
15000000
arnc Number Of Cleanup Locations
NumberOfCleanupLocations
More than 100
arnc Debt Instrument Expiration Date
DebtInstrumentExpirationDate
2017
arnc Surety Bonds Expiration Date
SuretyBondsExpirationDate
2017
arnc Number Of Arrangements To Sell Customer Receivables
NumberOfArrangementsToSellCustomerReceivables
3 Agreement
arnc Number Of Installment Made For Cash Contribution To Pension Plan
NumberOfInstallmentMadeForCashContributionToPensionPlan
3 Installments
arnc Cash Contribution Term To Pension Plan
CashContributionTermToPensionPlan
P30M
arnc Actual Remediation Fieldwork Period
ActualRemediationFieldworkPeriod
P4Y
arnc Reversal Of Forfeited Executive Stock Compensation
ReversalOfForfeitedExecutiveStockCompensation
13000000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
73000000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.27
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-56000000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.36
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
138000000
us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
7436000000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
402000000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-67000000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
938000000
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
246000000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
159000000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
7000000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
152000000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
229000000
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.40
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
88000000
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.20
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-148000000
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
58000000
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
284000000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
4000000 shares
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
177000000
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
146000000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-417000000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-7000000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
459000000
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.40
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.20
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-32000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
230000000
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-196000000
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
63000000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
10000000
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
226000000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
72000000
us-gaap Interest Expense
InterestExpense
371000000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
176000000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
79000000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
265000000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
265000000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-350000000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
208000000
us-gaap Net Income Loss
NetIncomeLoss
317000000
us-gaap Operating Income Loss
OperatingIncomeLoss
790000000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
40000000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-237000000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-363000000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
4000000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
689000000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-567000000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-67000000
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
23000000
us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
-683000000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
814000000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
52000000
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-25000000
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
176000000
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
171000000
us-gaap Pension Contributions
PensionContributions
227000000
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
280000000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
11000000
us-gaap Profit Loss
ProfitLoss
375000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1313000000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3000000
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-6000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1324000000
us-gaap Restructuring Charges
RestructuringCharges
33000000
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
93000000
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
1140 Positions
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
9427000000
us-gaap Share Based Compensation
ShareBasedCompensation
73000000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
673000000
us-gaap Stockholders Equity Other
StockholdersEquityOther
-13000000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-23000000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
443000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
438000000 shares
arnc Restructuring Charges Including Predecessor Company
RestructuringChargesIncludingPredecessorCompany
134000000
arnc Restructuring And Other Charges After Tax And Noncontrolling Interests
RestructuringAndOtherChargesAfterTaxAndNoncontrollingInterests
22000000
arnc Segment Reporting Information Profits Losses
SegmentReportingInformationProfitsLosses
1607000000
arnc Segment Reporting Information Depreciation And Amortization Expense
SegmentReportingInformationDepreciationAndAmortizationExpense
377000000
CY2017Q1 us-gaap Cost Method Investments Realized Gain Loss
CostMethodInvestmentsRealizedGainLoss
351000000
CY2017Q1 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
888000000
CY2017Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
23353000 shares
CY2016 us-gaap Payments For Restructuring
PaymentsForRestructuring
86000000
CY2016 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
45000000
CY2016 arnc Restructuring Reserve Period Expenses
RestructuringReservePeriodExpenses
97000000
CY2016 arnc Deferred Price Customer Receivables
DeferredPriceCustomerReceivables
83000000
CY2017Q2 us-gaap Repayments Of Debt
RepaymentsOfDebt
409000000
CY2017Q2 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
12958767 shares
CY2016Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18000000
CY2016Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.09
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2016Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-423000000
CY2016Q3 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
2503000000
CY2016Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
136000000
CY2016Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
80000000
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
66000000
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.11
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
100000000
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.23
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
20000000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
9000000 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
5000000 shares
CY2016Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
48000000
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
120000000
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
122000000
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
CY2016Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.22
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
56000000
CY2016Q3 us-gaap Interest Expense
InterestExpense
126000000
CY2016Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2000000
CY2016Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
92000000
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
148000000
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
150000000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
166000000
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
237000000
CY2016Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
11000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-609000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-463000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
202000000
CY2016Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-348000000
CY2016Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
18000000
CY2016Q3 us-gaap Profit Loss
ProfitLoss
186000000
CY2016Q3 us-gaap Restructuring Charges
RestructuringCharges
3000000
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
30000000
CY2016Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
70 Positions
CY2016Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3138000000
CY2016Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
229000000
CY2016Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-14000000
CY2016Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-4000000
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
453000000 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
438000000 shares
CY2016Q3 arnc Restructuring And Other Charges After Tax And Noncontrolling Interests
RestructuringAndOtherChargesAfterTaxAndNoncontrollingInterests
2000000
CY2016Q3 arnc Segment Reporting Information Profits Losses
SegmentReportingInformationProfitsLosses
515000000
CY2016Q3 arnc Segment Reporting Information Depreciation And Amortization Expense
SegmentReportingInformationDepreciationAndAmortizationExpense
127000000
CY2017Q3 us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
10000000
CY2017Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11000000
CY2017Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
246000000
CY2017Q3 us-gaap Cost Of Goods Sold Excluding Depreciation Depletion And Amortization
CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization
2626000000
CY2017Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
140000000
CY2017Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
53000000
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2017Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
119000000
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.23
CY2017Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
14000000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
5000000 shares
CY2017Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
101000000
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2017Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
172000000
CY2017Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53000000
CY2017Q3 us-gaap Interest Expense
InterestExpense
100000000
CY2017Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2000000
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101000000
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
103000000
CY2017Q3 us-gaap Net Income Loss
NetIncomeLoss
119000000
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
271000000
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1000000
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
127000000
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
31000000
CY2017Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1000000
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
85000000
CY2017Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
10000000
CY2017Q3 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
18000000
CY2017Q3 us-gaap Profit Loss
ProfitLoss
119000000
CY2017Q3 us-gaap Restructuring Charges
RestructuringCharges
19000000
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
25000000
CY2017Q3 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
124 Positions
CY2017Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
3236000000
CY2017Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
155000000
CY2017Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
22000000
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
462000000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
442000000 shares
CY2017Q3 arnc Restructuring And Other Charges After Tax And Noncontrolling Interests
RestructuringAndOtherChargesAfterTaxAndNoncontrollingInterests
13000000
CY2017Q3 arnc Segment Reporting Information Profits Losses
SegmentReportingInformationProfitsLosses
535000000
CY2017Q3 arnc Segment Reporting Information Depreciation And Amortization Expense
SegmentReportingInformationDepreciationAndAmortizationExpense
133000000

Files In Submission

Name View Source Status
0001193125-17-333678-index-headers.html Edgar Link pending
0001193125-17-333678-index.html Edgar Link pending
0001193125-17-333678.txt Edgar Link pending
0001193125-17-333678-xbrl.zip Edgar Link pending
arnc-20170930.xml Edgar Link completed
arnc-20170930.xsd Edgar Link pending
arnc-20170930_cal.xml Edgar Link unprocessable
arnc-20170930_def.xml Edgar Link unprocessable
arnc-20170930_lab.xml Edgar Link unprocessable
arnc-20170930_pre.xml Edgar Link unprocessable
d435123d10q.htm Edgar Link pending
d435123dex12.htm Edgar Link pending
d435123dex15.htm Edgar Link pending
d435123dex31.htm Edgar Link pending
d435123dex32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending