v3.26.3
Earnings Per Share and Common Stock (Tables)
 9 Months Ended
Sep. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Information Used to Compute Basic and Diluted EPS
The information used to compute basic and diluted EPS attributable to Howmet common shareholders was as follows (shares in millions in the table below):
Third quarter endedNine months ended
September 30,September 30,
2026202520262025
Net income$567 $385 $1,681 $1,136 
Less: preferred stock dividends declared— 1 — 2 
Net income available to Howmet Aerospace common shareholders - basic and diluted$567 $384 $1,681 $1,134 
Average shares outstanding - basic398 403 400 404 
Effect of dilutive securities:
Stock and performance awards2 2 2 2 
Average shares outstanding - diluted400 405 402 406 
Schedule of Share Repurchases
The following table provides details for share repurchases made for the periods presented:
Number of shares(1)
Average price per share(2)
Total
Q1 2026 open market repurchase1,301,914 $230.43 $300 
Q2 2026 open market repurchase1,197,056 $250.61 $300 
Q3 2026 open market repurchase1,888,442 $264.77 $500 
2026 open market repurchases as of September 30, 2026
4,387,412 $250.72 $1,100 
Q1 2025 open market repurchase1,006,102 $124.24 $125 
Q2 2025 open market repurchase1,229,313 $142.36 $175 
Q3 2025 open market repurchase1,097,686 $182.20 $200 
2025 open market repurchases as of September 30, 2025
3,333,101 $150.01 $500 
(1)All of the shares repurchased have been retired.
(2)Excludes commissions cost.