v3.22.4
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 261 $ 335
Accounts Receivable, after Allowance for Credit Loss, Current 791 922
Other receivables 183 226
Inventories 1,622 1,630
Prepaid expenses and other current assets 124 54
Total current assets 3,002 3,168
Properties, plants, and equipment, net 2,361 2,651
Goodwill 292 322
Operating lease right-of-use assets 115 122
Deferred income taxes 188 229
Other noncurrent assets 57 88
Total assets 6,015 6,580
Current liabilities:    
Accounts payable, trade 1,578 1,718
Accrued compensation and retirement costs 119 116
Taxes, including income taxes 43 61
Environmental remediation 40 15
Operating lease liabilities 34 35
Other current liabilities 150 95
Total current liabilities 1,971 2,063
Long-term debt 1,597 1,594
Accrued pension benefits 586 717
Accrued other postretirement benefits 302 411
Environmental remediation 45 49
Operating lease liabilities 83 90
Deferred income taxes 3 12
Other noncurrent liabilities 71 85
Total liabilities 4,658 5,021
Contingencies and commitments
Arconic Corporation stockholders’ equity:    
Common stock 1 1
Additional capital 3,373 3,368
Accumulated deficit (734) (552)
Accumulated other comprehensive loss (937) (1,111)
Total Arconic Corporation stockholders’ equity 1,357 1,545
Noncontrolling interest 0 14
Total equity 1,357 1,559
Total liabilities and equity 6,015 6,580
Treasury Stock, Value (346) (161)
Derivative Asset, Current 21 1
Derivative Liability, Current $ 7 $ 23