v3.22.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 252 $ 335
Accounts Receivable, after Allowance for Credit Loss, Current 1,078 922
Other receivables 178 226
Inventories 1,910 1,630
Fair value of hedging instruments and derivatives (Q) 173 1
Prepaid expenses and other current assets 83 54
Total current assets 3,674 3,168
Properties, plants, and equipment 7,522 7,529
Less: accumulated depreciation and amortization 4,930 4,878
Properties, plants, and equipment, net 2,592 2,651
Goodwill 308 322
Operating lease right-of-use assets 116 122
Deferred income taxes 139 229
Other noncurrent assets 84 88
Total assets 6,913 6,580
Current liabilities:    
Short-term Debt 50 0
Accounts Payable, Trade, Current 1,842 1,718
Accrued compensation and retirement costs 126 116
Taxes, including income taxes 74 61
Environmental remediation 24 15
Operating lease liabilities 32 35
Derivative Liability, Current 6 23
Other current liabilities 102 95
Total current liabilities 2,256 2,063
Long-term debt 1,596 1,594
Accrued pension benefits 635 717
Accrued other postretirement benefits 396 411
Environmental remediation 45 49
Operating lease liabilities 86 90
Deferred income taxes 12 12
Other noncurrent liabilities 79 85
Total liabilities 5,105 5,021
Contingencies and commitments
Arconic Corporation stockholders’ equity:    
Common stock 1 1
Additional capital 3,371 3,368
Accumulated deficit (396) (552)
Treasury stock (J) (214) (161)
Accumulated other comprehensive loss (K) (969) (1,111)
Total Arconic Corporation stockholders’ equity 1,793 1,545
Noncontrolling interest 15 14
Total equity 1,808 1,559
Total liabilities and equity $ 6,913 $ 6,580