Common stock, dividends per share (in usd per share)

  
Howmet Aerospace Inc. and subsidiariesStatement of Changes in Consolidated Equity (unaudited)(U.S. dollars in millions, except per-share amounts)

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|   | Howmet Aerospace Shareholders |  |  |  |   |
|   | Preferredstock |  |  |  | Commonstock |  | Additionalcapital |  | Retained earnings |  |  |  | Accumulatedothercomprehensiveloss |  |  |  | TotalEquity |
| Balance at December 31, 2020 | $ | 55  |  |  |  |  | $ | 433  |  |  | $ | 4,668  |  |  | $ | 364  |  |  |  |  | $ | (1,943) |  |  |  |  | $ | 3,577  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net income | —  |  |  |  |  | —  |  |  | —  |  |  | 80  |  |  |  |  | —  |  |  |  |  | 80  |  |
| Other comprehensive income ([I](#ib58fce0f7c97431fb8cb1c861d028b02_67)) | —  |  |  |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | 2  |  |  |  |  | 2  |  |
| Cash dividends declared: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Preferred-Class A @ $0.9375 per share | —  |  |  |  |  | —  |  |  | —  |  |  | (1) |  |  |  |  | —  |  |  |  |  | (1) |  |
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| Stock-based compensation  | —  |  |  |  |  | —  |  |  | 6  |  |  | —  |  |  |  |  | —  |  |  |  |  | 6  |  |
| Common stock issued: compensation plans  | —  |  |  |  |  | 1  |  |  | (3) |  |  | —  |  |  |  |  | —  |  |  |  |  | (2) |  |
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|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Balance at March 31, 2021 | $ | 55  |  |  |  |  | $ | 434  |  |  | $ | 4,671  |  |  | $ | 443  |  |  |  |  | $ | (1,941) |  |  |  |  | $ | 3,662  |  |



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|   | Howmet Aerospace Shareholders |  |  |  |   |
|   | Preferredstock |  |  |  | Commonstock |  | Additionalcapital |  | Retained earnings |  |  |  | Accumulatedothercomprehensiveloss |  |  |  | TotalEquity |
| Balance at December 31, 2021 | $ | 55  |  |  |  |  | $ | 422  |  |  | $ | 4,291  |  |  | $ | 603  |  |  |  |  | $ | (1,863) |  |  |  |  | $ | 3,508  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Net income | —  |  |  |  |  | —  |  |  | —  |  |  | 131  |  |  |  |  | —  |  |  |  |  | 131  |  |
| Other comprehensive income ([I](#ib58fce0f7c97431fb8cb1c861d028b02_67)) | —  |  |  |  |  | —  |  |  | —  |  |  | —  |  |  |  |  | (1) |  |  |  |  | (1) |  |
| Cash dividends declared: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Preferred-Class A @ $0.9375 per share | —  |  |  |  |  | —  |  |  | —  |  |  | (1) |  |  |  |  | —  |  |  |  |  | (1) |  |
| Common @ $0.02 per share | —  |  |  |  |  | —  |  |  | —  |  |  | (8) |  |  |  |  | —  |  |  |  |  | (8) |  |
| Repurchase and retirement of common stock | —  |  |  |  |  | (5) |  |  | (170) |  |  | —  |  |  |  |  | —  |  |  |  |  | (175) |  |
| Stock-based compensation  | —  |  |  |  |  | —  |  |  | 11  |  |  | —  |  |  |  |  | —  |  |  |  |  | 11  |  |
| Common stock issued: compensation plans  | —  |  |  |  |  | 1  |  |  | (9) |  |  | —  |  |  |  |  | —  |  |  |  |  | (8) |  |
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| Balance at March 31, 2022 | $ | 55  |  |  |  |  | $ | 418  |  |  | $ | 4,123  |  |  | $ | 725  |  |  |  |  | $ | (1,864) |  |  |  |  | $ | 3,457  |  |

  
The accompanying notes are an integral part of the consolidated financial statements.7
