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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,277 $ 2,150
Receivables from customers, less allowances of $4 in 2018 and $8 in 2017 (L) 1,047 1,035
Other receivables (L) 451 339
Inventories (M) 2,492 2,480
Prepaid expenses and other current assets 314 374
Total current assets 6,581 6,378
Properties, plants, and equipment, net (N) 5,704 5,594
Goodwill (A and O) 4,500 4,535
Deferred income taxes (H) 573 743
Intangibles, net (O) 919 987
Other noncurrent assets 416 481
Total assets 18,693 18,718
Current liabilities:    
Accounts payable, trade 2,129 1,839
Accrued compensation and retirement costs 370 399
Taxes, including income taxes 118 75
Accrued interest payable 113 124
Other current liabilities 356 349
Short-term debt (P and R) 434 38
Total current liabilities 3,520 2,824
Long-term debt, less amount due within one year (P and R) 5,896 6,806
Accrued pension benefits (G) 2,230 2,564
Accrued other postretirement benefits (G) 723 841
Other noncurrent liabilities and deferred credits (Q) 739 759
Total liabilities 13,108 13,794
Arconic shareholders’ equity:    
Preferred stock (I) 55 55
Common stock (I) 483 481
Additional capital 8,319 8,266
Accumulated deficit (A) (358) (1,248)
Accumulated other comprehensive loss (A and K) (2,926) (2,644)
Total Arconic shareholders’ equity 5,573 4,910
Noncontrolling interests 12 14
Total equity 5,585 4,924
Total liabilities and equity $ 18,693 $ 18,718