v3.20.2
Combined Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 802 $ 72
Receivables from customers, less allowances of $1 in 2020 and $2 in 2019 (A) 629 384
Other receivables 129 136
Inventories (K) 901 1,137
Prepaid expenses and other current assets 60 28
Total current assets 2,521 1,757
Properties, plants, and equipment 7,336 7,210
Less: accumulated depreciation and amortization 4,628 4,466
Properties, plants, and equipment, net 2,708 2,744
Goodwill 381 386
Operating lease right-of-use assets (L) 140 125
Deferred income taxes 296 14
Other noncurrent assets 100 32
Total assets 6,146 5,058
Current liabilities:    
Accounts payable, trade 836 1,061
Accrued compensation and retirement costs 132 80
Taxes, including income taxes 32 21
Environmental remediation (O) 97 83
Operating lease liabilities (L) 34 33
Other current liabilities 95 63
Total current liabilities 1,226 1,341
Long-term debt (M) 1,277 250
Accrued pension benefits (G) 1,355 63
Accrued other postretirement benefits (G) 471 1
Environmental remediation (O) 84 125
Operating lease liabilities (L) 109 96
Deferred income taxes 12 159
Other noncurrent liabilities and deferred credits 124 50
Total liabilities 4,658 2,085
Contingencies and commitments (O)
Equity    
Parent Company net investment (A) 0 2,664
Common stock 1 0
Additional capital 3,332 0
Accumulated deficit (91) 0
Accumulated other comprehensive (loss) income (J) (1,768) 295
Total Arconic Corporation shareholders’ equity 1,474 2,959
Noncontrolling interest 14 14
Total equity 1,488 2,973
Total liabilities and equity 6,146 5,058
Accounts receivable, allowances $ 1 $ 2