v3.23.2

Statement of Combined Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Statement of Combined Operations - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total sales	$ 1,990	$ 2,548	$ 3,919	$ 4,739
Cost of goods sold (exclusive of expenses below)	1,724	2,258	3,448	4,214
Selling, general administrative, and other expenses	79	73	151	138
Research and development expenses	9	9	18	18
Provision for depreciation and amortization	52	62	105	122
Restructuring and other charges (E)	9	2	9	7
Operating income	117	144	188	240
Interest expense	25	26	50	51
Other expenses (income), net	16	(35)	27	(18)
Income before income taxes	76	153	111	207
Provision for income taxes	17	38	27	50
Net income	59	115	84	157
Less: Net income attributable to noncontrolling interest	0	1	0	1
Net income attributable to Arconic Corporation	$ 59	$ 114	$ 84	$ 156
Earnings Per Share Attributable to Arconic Corporation Common Stockholders
Basic	$ 0.59	$ 1.08	$ 0.84	$ 1.48
Diluted	$ 0.58	$ 1.05	$ 0.82	$ 1.44

Restructuring, Settlement And Impairment Provisions, Including Gain (Loss) On Disposition Of Assets And Business

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Arconic Corp 10-Q