Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 537	$ 791
Receivables from customers, less allowances of $1 in both 2023 and 2022	655	506
Other receivables	16	31
Inventories	1,662	1,609
Prepaid expenses and other current assets	187	206
Total current assets	3,057	3,143
Properties, plants, and equipment, net	2,321	2,332
Goodwill	4,024	4,013
Deferred income taxes	59	54
Intangibles, net	518	521
Other noncurrent assets	195	192
Total assets	10,174	10,255
Current liabilities:
Accounts payable, trade	877	962
Accrued compensation and retirement costs	193	195
Taxes, including income taxes (G)	64	48
Accrued interest payable	63	75
Other current liabilities	206	202
Total current liabilities	1,403	1,482
Long-term debt, less amounts due within one year	3,988	4,162
Accrued pension benefits	625	633
Accrued other postretirement benefits	108	109
Other noncurrent liabilities and deferred credits	289	268
Total liabilities	6,413	6,654
Contingencies and commitments
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	412	412
Additional capital	3,941	3,947
Retained earnings	1,159	1,028
Accumulated other comprehensive loss	(1,806)	(1,841)
Total equity	3,761	3,601
Total liabilities and equity	$ 10,174	$ 10,255