v3.25.0.1
Segment and Geographic Area Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Operating Results and Assets of Arconic's Reportable Segments
The operating results and assets of the Company's reportable segments were as follows:
Year endedEngine ProductsFastening SystemsEngineered StructuresForged WheelsTotal
Segment
2024
Sales:
Third-party sales$3,735 $1,576 $1,065 $1,054 $7,430 
Inter-segment sales7 1 10 — 18 
Total sales$3,742 $1,577 $1,075 $1,054 $7,448 
Expenses:
Segment Adjusted cost of goods sold(1)
$2,495 $1,061 $873 $724 $5,153 
   Other segment items(2)
97 110 36 43 286 
Profit and loss:
Segment Adjusted EBITDA$1,150 $406 $166 $287 $2,009 
Restructuring and other charges1 5 12 1 19 
Provision for depreciation and amortization139 47 42 42 270 
Other:
Capital expenditures$219 $26 $20 $45 $310 
Total assets5,145 2,711 1,355 701 9,912 
2023
Sales:
Third-party sales$3,266 $1,349 $878 $1,147 $6,640 
Inter-segment sales13 — 3 — 16 
Total sales$3,279 $1,349 $881 $1,147 $6,656 
Expenses:
Segment Adjusted cost of goods sold(1)
$2,295 $959 $720 $796 $4,770 
   Other segment items(2)
97 112 48 42 299 
Profit and loss:
Segment Adjusted EBITDA$887 $278 $113 $309 $1,587 
Restructuring and other (credits) charges(2)1 21 — 20 
Provision for depreciation and amortization130 46 47 39 262 
Other:
Capital expenditures$112 $31 $26 $36 $205 
Total assets4,926 2,749 1,415 724 9,814 
2022
Sales:
Third-party sales$2,698 $1,117 $790 $1,058 $5,663 
Inter-segment sales4 — 6 — 10 
Total sales$2,702 $1,117 $796 $1,058 $5,673 
Expenses:
Segment Adjusted cost of goods sold(1)
$1,881 $782 $644 $745 $4,052 
   Other segment items(2)
92 101 41 35 269 
Profit and loss:
Segment Adjusted EBITDA$729 $234 $111 $278 $1,352 
Restructuring and other charges29 8 7 2 46 
Provision for depreciation and amortization125 45 48 40 258 
Other:
Capital expenditures$94 $39 $17 $28 $178 
Total assets4,784 2,661 1,273 701 9,419 
(1)     Segment Adjusted cost of goods sold is exclusive of Provision for depreciation and amortization, Restructuring and other charges, and Corporate expenses.
(2)     Other segment items includes Selling, general administrative, and other expenses, and Research and development expenses; exclusive of Provision for depreciation and amortization, and Restructuring and other charges.
The following table reconciles Total segment capital expenditures, which are presented on an accrual basis, with Capital expenditures as presented on the Statement of Consolidated Cash Flows. Differences between the total segment and consolidated totals are in Corporate, including the impact of changes in accrued capital expenditures during the period.
For the year ended December 31,202420232022
Total segment capital expenditures$310 $205 $178 
Corporate11 14 15 
Capital expenditures$321 $219 $193 
Schedule of Segment ATOI to Consolidated Net (loss) Income Attributable to Arconic
The following tables reconcile certain segment information to consolidated totals. Differences between the total segment and consolidated totals are in Corporate.
For the year ended December 31,202420232022
Total Segment Adjusted EBITDA$2,009 $1,587 $1,352 
Segment provision for depreciation and amortization(270)(262)(258)
Unallocated amounts:
Restructuring and other charges (D)
(21)(23)(56)
Corporate expense(85)(99)(119)
Operating income$1,633 $1,203 $919 
Loss on debt redemption(6)(2)(2)
Interest expense, net(182)(218)(229)
Other expense, net (F)
(62)(8)(82)
Income before income taxes$1,383 $975 $606 
Schedule of Segment Reporting Information to Consolidated Assets
December 31,20242023
Assets:
Total segment assets$9,912 $9,814 
Unallocated amounts:
Cash and cash equivalents564 610 
Deferred income taxes36 46 
Corporate fixed assets, net83 83 
Fair value of derivative contracts4 — 
Accounts receivable securitization(250)(250)
Other170 125 
Consolidated assets$10,519 $10,428 
Schedule of Geographic Information for Sales
Geographic information for sales was as follows (based upon the destination of the sale):
For the year ended December 31,202420232022
Sales:
United States$3,713 $3,273 $2,928 
France678 578 394 
Germany458 363 292 
Japan355 378 319 
United Kingdom350 283 228 
Italy287 220 180 
Mexico220 263 235 
Canada174 145 138 
Poland152 130 96 
China103 98 111 
Other940 909 742 
$7,430 $6,640 $5,663 
Schedule of Geographic Information for Long-lived Assets
Geographic information for long-lived tangible assets was as follows (based upon the physical location of the assets):
December 31,20242023
Long-lived assets:
United States$1,864 $1,760 
Hungary199 200 
United Kingdom121 120 
France112 121 
Mexico68 71 
Germany54 58 
China41 46 
Other82 80 
 $2,541 $2,456 
Schedule of Disaggregation of Revenue by Major End Market Served
The following table disaggregates segment revenue by major market served. Differences between the total segment and consolidated totals are in Corporate.
Engine ProductsFastening SystemsEngineered StructuresForged WheelsTotal
Segment
Year ended December 31, 2024
Aerospace - Commercial$2,091 $1,006 $774 $— $3,871 
Aerospace - Defense 766 162 236 — 1,164 
Commercial Transportation— 254 — 1,054 1,308 
Industrial and Other878 154 55 — 1,087 
Total end-market revenue$3,735 $1,576 $1,065 $1,054 $7,430 
Year ended December 31, 2023
Aerospace - Commercial$1,798 $790 $641 $— $3,229 
Aerospace - Defense 670 173 172 — 1,015 
Commercial Transportation— 255 — 1,147 1,402 
Industrial and Other798 131 65 — 994 
Total end-market revenue$3,266 $1,349 $878 $1,147 $6,640 
Year ended December 31, 2022
Aerospace - Commercial$1,495 $616 $495 $— $2,606 
Aerospace - Defense 526 158 239 — 923 
Commercial Transportation— 225 — 1,058 1,283 
Industrial and Other677 118 56 — 851 
Total end-market revenue$2,698 $1,117 $790 $1,058 $5,663