Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents (P)	$ 944	$ 1,363
Receivables from customers (I)	656	778
Other receivables	152	131
Inventories (J)	2,158	2,427
Fair value of derivative instruments (P)	29	134
Prepaid expenses and other current assets	466	417
Total current assets	4,405	5,250
Properties, plants, and equipment, net (K)	6,785	6,493
Investments (H)	979	1,122
Deferred income taxes (Q)	333	296
Fair value of derivative instruments (P)	3	2
Other noncurrent assets (U)	1,650	1,593
Total Assets	14,155	14,756
Current liabilities:
Accounts payable, trade	1,714	1,757
Accrued compensation and retirement costs	357	335
Taxes, including income taxes	88	230
Fair value of derivative instruments (P)	214	200
Other current liabilities	578	481
Long-term debt due within one year (M & P)	79	1
Total current liabilities	3,030	3,004
Long-term debt, less amount due within one year (M & P)	1,732	1,806
Accrued pension benefits (O)	278	213
Accrued other postretirement benefits (O)	443	480
Asset retirement obligations (R)	772	711
Environmental remediation (S)	202	226
Fair value of derivative instruments (P)	1,092	1,026
Noncurrent income taxes (Q)	193	215
Other noncurrent liabilities and deferred credits (U)	568	486
Total liabilities	8,310	8,167
Contingencies and commitments (S)
Alcoa Corporation shareholders’ equity:
Common stock (N)	2	2
Additional capital	9,187	9,183
Accumulated deficit	(1,293)	(570)
Accumulated other comprehensive loss (G)	(3,645)	(3,539)
Total Alcoa Corporation shareholders’ equity	4,251	5,076
Noncontrolling interest (A)	1,594	1,513
Total equity	5,845	6,589
Total Liabilities and Equity	$ 14,155	$ 14,756