v3.22.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 210 $ 335
Accounts Receivable, after Allowance for Credit Loss, Current 1,038 922
Other receivables 216 226
Inventories 1,833 1,630
Prepaid expenses and other current assets 72 55
Total current assets 3,369 3,168
Properties, plants, and equipment 7,552 7,529
Less: accumulated depreciation and amortization 4,918 4,878
Properties, plants, and equipment, net 2,634 2,651
Goodwill 319 322
Operating lease right-of-use assets 122 122
Deferred income taxes 236 229
Other noncurrent assets 88 88
Total assets 6,768 6,580
Current liabilities:    
Short-term Debt 100 0
Accounts Payable, Trade, Current 1,781 1,718
Accrued compensation and retirement costs 115 116
Taxes, including income taxes 62 61
Environmental remediation 16 15
Operating lease liabilities 34 35
Derivative Liability, Current 117 23
Other current liabilities 99 95
Total current liabilities 2,324 2,063
Long-term debt 1,595 1,594
Accrued pension benefits 663 717
Accrued other postretirement benefits 400 411
Environmental remediation 45 49
Operating lease liabilities 90 90
Deferred income taxes 11 12
Other noncurrent liabilities 79 85
Total liabilities 5,207 5,021
Contingencies and commitments
Arconic Corporation stockholders’ equity:    
Common stock 1 1
Additional capital 3,363 3,368
Accumulated deficit (510) (552)
Treasury stock (J) (177) (161)
Accumulated other comprehensive loss (K) (1,130) (1,111)
Total Arconic Corporation stockholders’ equity 1,547 1,545
Noncontrolling interest 14 14
Total equity 1,561 1,559
Total liabilities and equity $ 6,768 $ 6,580