Alcoa 2011 Annual Report Download - page 14
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present opportunities for substantial growth. Governmental policies, laws and regulations, and other economic factors,
including inflation and fluctuations in foreign currency exchange rates and interest rates, affect the results of operations
in these countries.
Alcoa’s operations consist of four worldwide reportable segments: Alumina, Primary Metals, Flat-Rolled Products, and
Engineered Products and Solutions.
Description of the Business
Information describing Alcoa’s businesses can be found on the indicated pages of this report:
Item Page(s)
Discussion of Recent Business Developments:
Management’s Discussion and Analysis of Financial Condition and Results of Operations:
Overview—Results of Operations (Earnings Summary) ........................................ 47
Notes to Consolidated Financial Statements:
Note D. Restructuring and Other Charges ............................................... 95
Note F. Acquisitions and Divestitures .................................................. 100
Segment Information:
Business Descriptions, Principal Products, Principal Markets, Methods of Distribution, Seasonality and
Dependence Upon Customers:
Alumina .......................................................................... 31
Primary Metals .................................................................... 31
Flat-Rolled Products ................................................................ 31
Engineered Products and Solutions .................................................... 31
Financial Information about Segments and Financial Information about Geographic Areas:
Note Q. Segment and Geographic Area Information .......................................... 120
The following charts and related discussion of the company’s Bauxite Interests, Alumina Refining and Primary
Aluminum Facilities and Capacities, Flat-Rolled Products, Engineered Products and Solutions and Corporate Facilities
provide additional description of Alcoa’s businesses. The Alumina segment primarily consists of a series of affiliated
operating entities referred to as Alcoa World Alumina and Chemicals (AWAC). Alcoa owns 60% and Alumina
Limited owns 40% of these individual entities. For more information on AWAC, see Exhibit Nos. 10(a) through
10(f)(1) to this report.
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