Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,238	$ 1,610
Receivables from customers, less allowances of $1 in 2021 and $1 in 2020	339	328
Other receivables	96	29
Inventories	1,453	1,488
Prepaid expenses and other current assets	202	217
Total current assets	3,328	3,672
Properties, plants, and equipment, net	2,524	2,592
Goodwill	4,086	4,102
Deferred income taxes	227	272
Intangibles, net	563	571
Other noncurrent assets	243	234
Total assets	10,971	11,443
Current liabilities:
Accounts payable, trade	596	599
Accrued compensation and retirement costs	171	205
Taxes, including income taxes	93	102
Accrued interest payable	88	89
Other current liabilities	243	289
Short-term debt	489	376
Total current liabilities	1,680	1,660
Long-term debt, less amount due within one year	4,224	4,699
Accrued pension benefits	941	985
Accrued other postretirement benefits	159	198
Other noncurrent liabilities and deferred credits	305	324
Total liabilities	7,309	7,866
Contingencies and commitments
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	434	433
Additional capital	4,671	4,668
Retained earnings	443	364
Accumulated other comprehensive loss	(1,941)	(1,943)
Total Howmet Aerospace shareholders’ equity	3,662	3,577
Total liabilities and equity	$ 10,971	$ 11,443