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YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. loss) income of    affiliated companies (34 22 33 The following table summarizes the balance sheet data for the respective periods ended December 31, as it relates to Alcoa Corporation’s equity i...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 5,018 331 27 73 (1) The assets and liabilities of MRN were excluded from the December 31, 2022 balances in the table above due to the sale of Alcoa’s interest in the investment. On February 1...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status.  in cash could be paid to the Company in the future if certain post-closing conditions related to future MRN mine development are satisfied. I. Receivables On October 25, 2019, a wholly-owned subsi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the specified receivable pool is pledged as collateral to the purchasing bank to secure the sold receivables. On November 8, 2021, the Company terminated the Receivables Purchase Agreement. No rece...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. as collateral. J. Inventories December 31, 2022 2021 Finished goods 385 529 Work-in-process 350 257 Bauxite and alumina 584 376 Purchased raw materials 923 619 Operating supplies 1...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on the total Inventories balance as of December 31, 2021. K. Properties, Plants, and Equipment, Net December 31, 2022 2021 Land and land rights, including mines 253 264 Structures (by type o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ting and casting 5,813 5,877 Energy generation 851 836 Other 461 452 11,352 11,676 19,085 19,465 Less: accumulated depreciation, depletion, and amortization 13,112 13,130 5,973 6,335...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. The carrying value of Corporate’s goodwill is net of accumulated impairment losses of $742 as of both December 31, 2022 and 2021. As of December 31, 2022, the $141 of goodwill reflected in Corporate ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. reporting units in 2022. The estimated fair values of the Bauxite and Alumina reporting units in both assessments were substantially in excess of the reporting units’ carrying values, resulting in n...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Other intangibles 20 (11 19 (10 Total other intangible assets 251 (222 29 258 (223 35 Computer software consists primarily of software costs associated with the enterprise business solu...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. are reported in Other current liabilities on the accompanying Consolidated Balance Sheet. Long-Term Debt. December 31, 2022 2021 5.500% Notes, due 2027 750 750 6.125% Notes, due 2028 500 5...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2021, Alcoa Nederland Holding B.V. (ANHBV), a wholly-owned subsidiary of Alcoa Corporation, completed a Rule 144A (U.S. Securities Act of 1933, as amended) debt issuance for $500 aggregate principal...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. covenants, see below; Interest is paid semi-annually in March and September, which commenced September 30, 2021; • Option to redeem on at least 10 days, but not more than 60 days, prior notice to...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 101% of the aggregate principal amount of the notes repurchased, plus any accrued and unpaid interest. Option to redeem on at least 10 days, but not more than 60 days, prior notice to the holders un...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 750 aggregate principal amount of the Company’s outstanding 6.75% Senior Notes due 2024 (the 2024 Notes) on April 7, 2021, and to pay transaction-related fees and expenses. Subject to repurchase upo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 750 aggregate principal amount of the Company’s outstanding 6.75% Senior Notes due 2024 (the 2024 Notes) on April 7, 2021, and to pay transaction-related fees and expenses. 2027 Notes. In July 2020,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. being amortized to interest expense over the term; • Indenture contains customary affirmative and negative covenants, see below; Interest is paid semi-annually in June and December, which commenc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. event (as defined in the indenture) at a repurchase price in cash equal to 101% of the aggregate principal amount of the notes repurchased, plus any accrued and unpaid interest. Option to redeem on...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. event (as defined in the indenture) at a repurchase price in cash equal to 101% of the aggregate principal amount of the notes repurchased, plus any accrued and unpaid interest. Alcoa Corp used the...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. costs. The discount, as well as costs to complete the financing, were deferred and are being amortized to interest expense over the term; • Indenture contains customary affirmative and negative co...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Subject to repurchase upon the occurrence of a change in control repurchase event (as defined in the indenture) at a repurchase price in cash equal to 101% of the aggregate principal amount of the no...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. defined benefit pension plans. Subject to repurchase upon the occurrence of a change in control repurchase event (as defined in the indenture) at a repurchase price in cash equal to 101% of the agg...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ovenants in the indentures are less extensive than those in the Revolving Credit Facility (see below). For example, the indentures do not include a limitation on restricted payments, such as repurcha...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ” and, together with Alcoa Corporation, the “guarantors”). Each of the subsidiary guarantors will be released from their guarantees upon the occurrence of certain events, including the release of suc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the notes rank equally in right of payment with each other and with all the guarantors’ existing and future senior unsecured indebtedness; rank senior in right of payment to any future subordinated ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. an extinguishment of existing debt. As a result, the Company recorded a loss of $32 on the extinguishment of debt in the second quarter of 2021 in Interest expense, which was comprised of the redemp...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the redemption premium and the write-off of deferred financing fees and unamortized debt issuance costs. The cash flows related to the transaction were classified as financing cash flows. Credit Fa...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , which increases following material acquisitions for four consecutive fiscal quarters following an acquisition, (v) providing a d ebt to c apitalization ratio not to exceed .60 to 1.00 to replac...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. V, as applicable, fails to have a rating of at least Ba1 from Moody’s and BB+ from S&P, then the Company would be required to execute all security documents to re-secure collateral under the Revolvin...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. payments, entering into restrictive agreements, a covenant prohibiting reductions in the ownership of AWAC entities, and certain other specified restricted subsidiaries of Alcoa Corporation, below a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Alcoa Norway ANS, a wholly-owned subsidiary of Alcoa Corporation, entered into a one-year, multicurrency revolving credit facility agreement for NOK 1.3 billion (approximately $149) which was fully ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2021. During 2021, no amounts were drawn related to this credit facility. In all periods, Alcoa Norway ANS was in compliance with related covenants. N. Preferred and Common Stock Preferred Stock. ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,969,091 and 184,099,748, respectively, issued and outstanding shares of common stock. Under its employee stock-based compensation plan, the Company issued shares of 1,434,543 in 2022, 1,305,979 in ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. $500, depending on cash availability, market conditions, and other factors. In July 2022, Alcoa Corporation announced that its Board of Directors approved an additional common stock repurchase prog...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of common stock under the New Repurchase Program. Repurchases under this program may be made using a variety of methods, which may include open market purchases, privately negotiated transactions, o...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. initiation of a quarterly cash dividend on its common stock and the Board of Directors declared the first quarterly cash dividend of $0.10 per share of the Company’s common stock. Dividends paid tot...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the requirements of applicable law, and any other factors the Board of Directors may deem relevant. 94 Stock-based Compensation Restricted stock units are generally granted in either January or F...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of January 1, 2021, the Company no longer grants stock options. The final number of PRSUs earned is dependent on Alcoa Corporation’s achievement of certain targets over a three-year measurement per...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. reduced carbon dioxide emissions) and smelting (through increased production from renewable energy) operations. For PRSUs granted in 2021, the award will be earned after the end of the measurement p...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022, the award will be earned after the end of the measurement period of January 1, 2022 through December 31, 2024 based on performance against three measures: (1) the Company’s total shareholder re...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ed average exercise price Outstanding, January 1, 2022 4,702,546 22.23 910,420 29.61 Granted 624,441 67.50 Exercised (686,097 31.50 Converted (1,056,571 30.07 Expired or forfeited (10...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. withholding requirements related to the income earned by the employees as a result of vesting in the units. 95 The total intrinsic value of stock options exercised during 2022, 2021, and 2020 was ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. all benefits are paid through pension trusts that are sufficiently funded to ensure that all plans can pay benefits to retirees as they become due. Most salaried and non-bargaining hourly U.S. emplo...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. aining hourly U.S. employees hired after January 1, 2002 and certain bargaining hourly U.S. employees hired after July 1, 2010 are not eligible for postretirement health care benefits. As of January...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the obligation to pay the remaining retirement benefits of approximately 4,400 retirees and beneficiaries from its U.S. defined benefit pension plans. The transfer of approximately $1,000 in both pl...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. plans as a result of participants electing lump sum payments. Alcoa recognized a non-cash settlement loss of $11 (pre- and after-tax) in Restructuring and other charges, net on the Statement of Cons...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. on the Statement of Consolidated Operations. Action #4 – In the third quarter of 2022, settlement accounting and a related plan remeasurement was triggered within Alcoa’s Australian pension plan as...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. increase to Accrued pension benefits and recognized a non-cash settlement loss of $6 (pre- and after-tax) in Restructuring and other charges, net on the Statement of Consolidated Operations. 96 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2022 4.63% 27 617 ~45 2.90% July 31, 2022 4.63% 11 ~5 4.57% September 30, 2022 5.71% 23 (12 ~25 2.46% September 30, 2022 4.99% 21 (3 ~20 N/A December 31, 2022 N/A ~4,495 31 ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 2) These amounts represent the net actuarial loss (gain) and were reclassified from Accumulated other comprehensive loss to Restructuring and other charges, net (see Note D) on the accompanying Stat...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. employees of Kaiser. As a result, the affected plan was remeasured, including an update to the discount rate used to determine the benefit obligation of the plan. Accrued other postretirement benefi...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Warrick Rolling Mill, as well as other Alcoa employees making this election at retirement. Alcoa recorded a $90 decrease to Accrued pension benefits related to this remeasurement and recognized a se...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. plan remeasurement was triggered within Alcoa’s Australian pension plan as a result of participants electing lump sum payments. Alcoa recorded a $38 decrease to Accrued pension benefits related to t...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. in Restructuring and other charges, net on the Statement of Consolidated Operations in the fourth quarter of 2021. Action #6 – In the fourth quarter of 2021, settlement accounting and related plan ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and recognized a non-cash settlement loss of $848 (pre- and after-tax) in Restructuring and other charges, net on the Statement of Consolidated Operations in the fourth quarter of 2021. Action #7 –...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Financial Statements: Action # Number of affected plan participants Weighted average discount rate as of prior plan remeasurement date Plan remeasurement date Weighted average discount rate as ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 20 1.34% September 30, 2021 1.53% (38 ~800 N/A N/A N/A N/A 63 ~14,000 2.59% November 30, 2021 2.79% (84 848 ~60 2.59% November 30, 2021 2.79% (1 10 (206 (106 (17 994 (1) T...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the accompanying Statement of Consolidated Operations. 2020 Plan Actions. In 2020, management initiated the following actions to certain pension and other postretirement benefit plans: Action #1 –...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. these participants’ eligible earnings to the new plan on an annual basis. Participants already collecting benefits or who terminated with a vested benefit under the defined benefit pension plan were...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Participants already collecting benefits or who terminated with a vested benefit under the defined benefit pension plan were not affected by these changes. Action #3 – In April 2020, as part of the...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. notified certain U.S. retirees that their medical and prescription drug coverage will be provided through an insured group Medicare Advantage and Prescription Drug plan and will include an increase ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. pension obligation of $35, and recognized a settlement loss of $44 (pre- and after-tax). Action #6 – On November 30, 2020, Alcoa announced an agreement to sell the Warrick Rolling Mill to Kaiser. T...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ated Financial Statements: Action # Number of affected plan participants Weighted average discount rate as of December 31, 2019 Plan remeasurement date Weighted average discount rate as of plan ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ~600 3.75% April 30, 2020 3.44% (2 ~8,600 3.11% August 31, 2020 2.65% 74 ~430 N/A December 31, 2020 N/A (2 44 ~900 N/A December 31, 2020 N/A ~11,280 205 74 44 (1) Actions 1-4...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. of the existing prior service benefit for curtailments and net actuarial loss for settlements and were reclassified from Accumulated other comprehensive loss to Restructuring and other charges, net ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 090 (1,763 Benefits paid, net of participants’ contributions (211 (362 (53 (56 Medicare Part D subsidy receipts Divestitures (69 Foreign currency translation impact (92 (22 Benefit oblig...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. refund 22 Foreign currency translation impact (88 (26 Fair value of plan assets at end of year 2,434 4,306 Funded status (84 (288 (536 (710 Less: Amounts attributed to joint venture par...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Other    Comprehensive Loss consist of: Net actuarial loss 1,016 1,877 95 253 Prior service cost (benefit) (111 (125 Total, before tax effect 1,018 1,879 (16 128 Less: Amounts attribut...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. (47 Amortization of prior service benefit 14 31 Total, before tax effect (861 (1,686 (144 (90 Less: Amounts attributed to joint venture partners (11 (19 Net amount recognized, before tax ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. with projected benefit obligations in excess of plan assets    was as follows: Projected benefit obligation 1,465 3,031 Fair value of plan assets 1,232 2,579 The aggregate accumulated benefit...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 164 15 15 19 Expected return on plan assets(2) (151 (281 (292 Recognized net actuarial loss(2) 88 190 212 18 21 20 Amortization of prior service cost (benefit)(2) (14 (14 (15 Settl...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. (2) These amounts were reported in Other (income) expenses, net on the accompanying Statement of Consolidated Operations. (3) These amounts were reported in Restructuring and other charges, net on...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. (5) Amounts attributed to joint venture partners are not included. Assumptions. Liabilities and expenses for pension and other postretirement benefits are determined using actuarial methodologies a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. compensation increase—pension plans 3.21 3.11 101 The yield curve model used to develop the discount rate parallels the plans’ projected cash flows and has a weighted average duration of ye...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ension plans 2.66 1.91 3.02 Discount rate—other postretirement benefit plans 2.46 1.99 2.84 Expected long-term rate of return on plan assets—pension plans 4.94 5.66 6.28 Rate of compensat...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Assumed health care cost trend rates for U.S. other postretirement benefit plans were as follows (non-U.S. plans are not material): 2022 2021 2020 Health care cost trend rate assumed for next yea...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ’s best estimate of the change in future health care costs covered by the plans. Plan Assets. Alcoa’s pension plan weighted average target and actual asset allocations at December 31, 2022 and 2021,...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. and financial scenarios, maximize the long-term investment return with an acceptable level of risk based on such obligations, and broadly diversify investments across and within various asset classe...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. interest rates and will be substantially implemented by the end of the first quarter in 2023. Investment practices comply with the requirements of applicable laws and regulations in the respective ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. —These securities consist of: (i) direct investments in the stock of publicly traded U.S. and non-U.S. companies and are valued based on the closing price reported in an active market on which the in...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status.  cash and cash equivalents invested in publicly-traded funds and are valued based on the closing price reported in an active market on which the individual securities are traded (generally classified...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Level 1); (ii) the plans’ share of commingled funds that are invested in real estate partnerships and are valued at net asset value; (iii) direct investments in private real estate (includes limited...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. pension plan assets classified under either the appropriate level of the fair value hierarchy or net asset value: December 31, 2022 Level 1 Level 2 Level 3 Net Asset Value Total Equities: Eq...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 1,481 2,426 December 31, 2021 Level 1 Level 2 Level 3 Net Asset Value Total Equities: Equity securities 210 671 881 Long/short equity hedge funds Private equity 281 281 210 956 1,1...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. ,073 4,264 (1) As of December 31, 2022, the total fair value of pension plan assets excludes a net receivable of $8, which primarily represents securities not yet settled plus interest and dividen...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. contributes additional amounts as deemed appropriate. In 2022, 2021, and 2020, cash contributions to Alcoa’s defined benefit pension plans were $17, $579, and $343. During 2020, the Company initia...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. contributions to certain U.S. defined benefit pension plans. The additional contributions were discretionary in nature and were funded with net proceeds from a March 2021 debt issuance (see Note M) ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Company’s U.S. plans. Benefit payments expected to be paid to pension and other postretirement benefit plan participants are as follows: Year ending December 31, Pension benefits Other postretir...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. the investments elected by the employee. Also, the Company makes contributions to a retirement savings account based on a percentage of eligible compensation for certain U.S. employees that are not ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. , $17 in 2021, and $10 in 2020. Target Benefit Plan Alcoa Corp contributes to a target benefit plan for the employees of Baie-Comeau in Canada. Alcoa makes contributions to the plan based on a perc...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. assets at fair value (see Note O). Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. • Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabili...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status.  1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar a...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. to mitigate uncertainty and volatility, and to cover underlying exposures. While Alcoa does not generally enter into derivative contracts to mitigate the risk associated with changes in aluminum pri...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. They are used to mitigate uncertainty and volatility, and to cover underlying exposures. While Alcoa does not generally enter into derivative contracts to mitigate the risk associated with changes i...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. MC meets on a periodic basis to review derivative positions and strategy and reports to the Audit Committee of Alcoa Corporation’s Board of Directors on the scope of its activities. Alcoa Corporatio...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. see additional Level 3 information in further tables below): 2022 2021 Balance at December 31, Assets Liabilities Assets Liabilities Level 1 derivative instruments 84 14 19 29 Level 3 de...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. 1 derivative instruments 116 35 (28 (10 Level 3 derivative instruments (247 (345 (759 (279 Noncontrolling and equity interest (Level 2) 12 (6 (6 Total (119 (316 (782 (295 105 The ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. Norwegian krone) Foreign exchange buy forwards 302 Foreign currency (in millions of Brazilian real) Foreign exchange buy forwards 1,008 1,318 Foreign currency (in millions of Brazilian real) ...
YOU are a financial analyst. You are reading a report of a company. The report is about the company's financial status. certain of the original forecasted transactions would not occur by the end of the originally specified time period and Alcoa dedesignated certain aluminum sell forwards. Alcoa Corp reclassified the ...