Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 453	$ 720
Receivables from customers, less allowances of $— in both 2022 and 2021 (J)	550	367
Other receivables (J)	50	53
Inventories (K)	1,612	1,402
Prepaid expenses and other current assets	181	195
Total current assets	2,846	2,737
Properties, plants, and equipment, net (L)	2,288	2,467
Goodwill	3,965	4,067
Deferred income taxes	106	184
Intangibles, net	523	549
Other noncurrent assets (M)	201	215
Total assets	9,929	10,219
Current liabilities:
Accounts payable, trade	812	732
Accrued compensation and retirement costs	204	198
Taxes, including income taxes	56	61
Accrued interest payable	68	74
Other current liabilities (M)(Q)	240	183
Short-term debt (N)	1	5
Total current liabilities	1,381	1,253
Long-term debt, less amount due within one year (N)(O)	4,170	4,227
Accrued pension benefits (E)	689	771
Accrued other postretirement benefits (E)	147	153
Other noncurrent liabilities and deferred credits (M)	269	307
Total liabilities	6,656	6,711
Contingencies and commitments (Q)
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	414	422
Additional capital	3,998	4,291
Retained earnings	917	603
Accumulated other comprehensive loss (I)	(2,111)	(1,863)
Total equity	3,273	3,508
Total liabilities and equity	$ 9,929	$ 10,219