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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents (O) $ 879 $ 1,113
Receivables from customers 546 830
Other receivables 114 173
Inventories (I) 1,644 1,819
Fair value of derivative instruments (O) 59 73
Prepaid expenses and other current assets (I) 288 320
Total current assets 3,530 4,328
Properties, plants, and equipment, net (J) 7,916 8,327
Investments (H) 1,113 1,360
Deferred income taxes (P) 642 560
Fair value of derivative instruments (O) 18 82
Other noncurrent assets (T) 1,412 1,475
Total Assets 14,631 16,132
Current liabilities:    
Accounts payable, trade 1,484 1,663
Accrued compensation and retirement costs 413 400
Taxes, including income taxes 104 426
Fair value of derivative instruments (O) 67 82
Other current liabilities 494 347
Long-term debt due within one year (L & O) 1 1
Total current liabilities 2,563 2,919
Long-term debt, less amount due within one year (L & O) 1,799 1,801
Accrued pension benefits (N) 1,505 1,407
Accrued other postretirement benefits (N) 749 868
Asset retirement obligations (Q) 606 529
Environmental remediation (R) 296 236
Fair value of derivative instruments (O) 581 261
Noncurrent income taxes (P) 276 301
Other noncurrent liabilities and deferred credits (T) 370 222
Total liabilities 8,745 8,544
Contingencies and commitments (R)
Alcoa Corporation shareholders’ equity:    
Common stock (M) 2 2
Additional capital 9,639 9,611
Retained (deficit) earnings (I) (555) 570
Accumulated other comprehensive loss (G) (4,974) (4,565)
Total Alcoa Corporation shareholders’ equity 4,112 5,618
Noncontrolling interest (A & I) 1,774 1,970
Total equity 5,886 7,588
Total Liabilities and Equity $ 14,631 $ 16,132