Rendering

Component: (Network and Table)
Network
1045 - Disclosure - Other Financial Information (Tables)
(http://www.alcoa.com/taxonomy/role/NotesToFinancialStatementsAdditionalFinancialInformationDisclosureTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001675149 (http://www.sec.gov/CIK)
Organization, Consolidation and Presentation of Financial Statements [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Organization, Consolidation and Presentation of Financial Statements [Abstract]
 
Schedule of Interest Cost Components

Interest Cost Components 

 

      2016      2015      2014  

Amount charged to expense

    $ 243      $ 270      $ 309  

Amount capitalized

      23        30        34  
     $ 266      $ 300      $ 343  
  
Schedule of Other (Income) Expenses, Net

Other (Income) Expenses, Net

 

      2016     2015     2014  

Equity loss

    $ 70     $ 89     $ 94  

Foreign currency losses (gains), net

      8       (39 )      (16 ) 

Net gain from asset sales

      (164 )      (32 )      (34 ) 

Net loss on mark-to-market derivative contracts (O)

      9       26       13  

Other, net

      (12 )      (2 )      1  
     $ (89 )    $ 42     $ 58  
  
Schedule of Other Noncurrent Assets

Other Noncurrent Assets

 

December 31,    2016      2015  

Gas supply prepayment (R)

    $ 471      $ 288  

Value-added tax receivable

      287        233  

Prepaid gas transmission contract (H)

      270        268  

Goodwill (K)

      155        152  

Intangibles, net (K)

      135        53  

Deferred mining costs, net*

      127        203  

Prepaid pension benefit (N)

      43        35  

Other

      180        167  
     $ 1,668      $ 1,399  
* As of December 31, 2016, this amount reflects an asset impairment of $72 (see Note D).
  
Schedule of Other Noncurrent Liabilities and Deferred Credits

Other Noncurrent Liabilities and Deferred Credits

 

December 31,    2016      2015  

Fair value of derivative contracts (O)

    $ 234      $ 189  

Accrued compensation and retirement costs

      122        92  

Deferred alumina sales revenue

      76        84  

Liability related to the resolution of a legal matter

      74        148  

Other

      98        85  
     $ 604      $ 598  
*

In early 2014, ParentCo and one of Alcoa’s Corporation’s current subsidiaries, AWA, resolved violations of certain provisions of the Foreign Corrupt Practices Act of 1977 with the U.S. Department of Justice and U.S. Securities and Exchange Commission. Under the resolution, ParentCo and AWA agreed to pay a combined $384 over a four-year timeframe. Prior to the Separation Transaction, ParentCo and AWA paid $236 of the total amount. As part of the Separation and Distribution Agreement, Alcoa Corporation assumed ParentCo’s portion of the $148 remaining obligation. The $148 is to be paid in equal installments of $74 in each of January 2017 (paid on January 9th) and January 2018.
  
Schedule of Cash Paid for Interest and Income Taxes

Cash Flow Information

Cash paid for interest and income taxes was as follows:

 

      2016      2015      2014  

Interest, net of amount capitalized

    $ 226      $ 270      $ 309  

Income taxes, net of amount refunded

    $ 265        265        184