v3.22.2.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 312 $ 335
Accounts Receivable, after Allowance for Credit Loss, Current 846 922
Other receivables 170 226
Inventories 1,750 1,630
Fair value of hedging instruments and derivatives (Q) 138 1
Prepaid expenses and other current assets 90 54
Total current assets 3,306 3,168
Properties, plants, and equipment 7,492 7,529
Less: accumulated depreciation and amortization 5,014 4,878
Properties, plants, and equipment, net 2,478 2,651
Goodwill 294 322
Operating lease right-of-use assets 110 122
Deferred income taxes 157 229
Other noncurrent assets 77 88
Total assets 6,422 6,580
Current liabilities:    
Short-term Debt 150 0
Accounts Payable, Trade, Current 1,489 1,718
Accrued compensation and retirement costs 127 116
Taxes, including income taxes 74 61
Environmental remediation 27 15
Operating lease liabilities 31 35
Derivative Liability, Current 1 23
Other current liabilities 101 95
Total current liabilities 2,000 2,063
Long-term debt 1,596 1,594
Accrued pension benefits 589 717
Accrued other postretirement benefits 392 411
Environmental remediation 52 49
Operating lease liabilities 82 90
Deferred income taxes 11 12
Other noncurrent liabilities 71 85
Total liabilities 4,793 5,021
Contingencies and commitments
Arconic Corporation stockholders’ equity:    
Common stock 1 1
Additional capital 3,377 3,368
Accumulated deficit (461) (552)
Treasury stock (J) (300) (161)
Accumulated other comprehensive loss (K) (1,003) (1,111)
Total Arconic Corporation stockholders’ equity 1,614 1,545
Noncontrolling interest 15 14
Total equity 1,629 1,559
Total liabilities and equity $ 6,422 $ 6,580