Howmet Aerospace Inc 2024年度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549FORM 10-KANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934For The Fiscal Year Ended December 31, 2024ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934Commission File Number 1-3610HOWMET AEROSPACE INC.(Exact name of registrant as specified in its charter)Delaware25-0317820(State of incorporation)(I.R.S. Employer Identification No.)201 Isabella Street, Suite 200, Pittsburgh, Pennsylvania 15212-5872(Address of principal executive offices)(Zip code)Investor Relations----------------(412) 553-1950Office of the Secretary-----------(412) 553-1940(Registrant’s telephone numbers, including area code)Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading SymbolName of each exchange on whichregistered Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of theSecurities Act. YesNo. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section15(d) of the Exchange Act. YesNo. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subjectto such filing requirements for the past 90 days. YesNo. Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit suchfiles). YesNo.Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non- accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act.Large accelerated filerAccelerated filerNon-accelerated filer Smaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standardsprovided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report. If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements. Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant's executive officers during therelevant recovery period pursuant to § 240.10D-1(b). Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act). YesNo The aggregate market value of the outstanding common stock, other than shares held by persons whomay be deemed affiliates of the registrant, as of the last business day of the registrant’s most recentlycompleted second fiscal quarter was approximately $31 billion. As of February 10, 2025, there were405,022,519 shares of common stock, par value $1.00 per share, of the registrant outstanding. Documents incorporated by reference. Part III of this Form 10-K incorporates by reference certain information from the registrant’s definitiveProxy Statement for its 2025 Annual Meeting of Shareholders to be filed pursuant to Regulation 14A(Proxy Statement). TableofContents TABLE OF CONTENTS PagePart IItem 1.Business1Item 1A.Risk Factors10Item 1B.Unresolved Staff Comments16Item 1C.Cybersecurity16Item 2.Properties18Item 3.Legal Proceedings18Item 4.Mine Safety Disclosures18Part IIItem 5.Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities18Item 6.Selected Financial Data21Item 7.Management’s Discussion and Analysis of Financial Condition and Results ofOperations22Item 7A.Quantitative and Qualitative Disclosures About Market Risk36Item 8.Financial Statements and Supplementary Data37Item 9.Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure83Item 9A.Controls and Procedures83Item 9B.Other Information83Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspection83Part III Item 10.Directors, Executive Officers and Corporate Governance83Item 11.Executive Compensa