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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 659 $ 564
Receivables from customers, less allowances of $— in both 2025 and 2024 (J) 884 689
Other receivables 17 20
Inventories (K) 1,975 1,840
Prepaid expenses and other current assets 289 249
Total current assets 3,824 3,362
Properties, plants, and equipment, net (L) 2,551 2,386
Goodwill 4,058 4,010
Deferred income taxes 31 35
Intangibles, net 462 475
Other noncurrent assets (M) 251 251
Total assets 11,177 10,519
Current liabilities:    
Accounts payable, trade (P) 957 948
Accrued compensation and retirement costs 314 305
Taxes, including income taxes (G) 71 60
Accrued interest payable 32 59
Other current liabilities (M)(P) 250 171
Long-term debt due within one year (N) 1 6
Total current liabilities 1,625 1,549
Long-term debt (N)(O) 3,188 3,309
Accrued pension benefits (E) 597 625
Accrued other postretirement benefits (E) 50 54
Other noncurrent liabilities and deferred credits (M) 574 428
Total liabilities 6,034 5,965
Contingencies and commitments (P)
Howmet Aerospace shareholders’ equity:    
Preferred stock 55 55
Common stock 403 405
Additional capital 2,717 3,206
Retained earnings 3,722 2,766
Accumulated other comprehensive loss (I) (1,754) (1,878)
Total equity 5,143 4,554
Total liabilities and equity $ 11,177 $ 10,519