Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 724	$ 1,610
Receivables from customers, less allowances of $- in 2021 and $1 in 2020	408	328
Other receivables	57	29
Inventories	1,420	1,488
Prepaid expenses and other current assets	211	217
Total current assets	2,820	3,672
Properties, plants, and equipment, net	2,483	2,592
Goodwill	4,077	4,102
Deferred income taxes	202	272
Intangibles, net	554	571
Other noncurrent assets	221	234
Total assets	10,357	11,443
Current liabilities:
Accounts payable, trade	646	599
Accrued compensation and retirement costs	202	205
Taxes, including income taxes	77	102
Accrued interest payable	68	89
Other current liabilities	201	289
Short-term debt	14	376
Total current liabilities	1,208	1,660
Long-term debt, less amount due within one year	4,272	4,699
Accrued pension benefits	847	985
Accrued other postretirement benefits	154	198
Other noncurrent liabilities and deferred credits	297	324
Total liabilities	6,778	7,866
Contingencies and commitments
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	428	433
Additional capital	4,473	4,668
Retained earnings	534	364
Accumulated other comprehensive loss	(1,911)	(1,943)
Total equity	3,579	3,577
Total liabilities and equity	$ 10,357	$ 11,443