v3.22.0.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 335 $ 787
Receivables from customers, less allowances of $1 in both 2021 and 2020 922 631
Other receivables 226 128
Inventories 1,630 1,043
Prepaid expenses and other current assets 55 53
Total current assets 3,168 2,642
Properties, plants, and equipment, net 2,651 2,712
Goodwill 322 390
Operating lease right-of-use assets 122 144
Deferred income taxes 229 329
Other noncurrent assets 88 97
Total assets 6,580 6,314
Current liabilities:    
Accounts payable, trade 1,718 1,106
Accrued compensation and retirement costs 116 118
Taxes, including income taxes 61 33
Environmental remediation 15 90
Operating lease liabilities 35 36
Other current liabilities 118 90
Total current liabilities 2,063 1,473
Long-term debt 1,594 1,278
Accrued pension benefits 717 1,343
Accrued other postretirement benefits 411 479
Environmental remediation 49 66
Operating lease liabilities 90 111
Deferred income taxes 12 15
Other noncurrent liabilities 85 102
Total liabilities 5,021 4,867
Contingencies and commitments
Arconic Corporation stockholders’ equity:    
Common stock 1 1
Additional capital 3,368 3,348
Accumulated deficit (552) (155)
Accumulated other comprehensive loss (1,111) (1,761)
Total Arconic Corporation stockholders’ equity 1,545 1,433
Noncontrolling interest 14 14
Total equity 1,559 1,447
Total liabilities and equity 6,580 6,314
Treasury Stock, Value $ (161) $ 0