Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 535	$ 791
Receivables from customers, less allowances of $1 in both 2023 and 2022 (J)	657	506
Other receivables	14	31
Inventories (K)	1,715	1,609
Prepaid expenses and other current assets	207	206
Total current assets	3,128	3,143
Properties, plants, and equipment, net (L)	2,319	2,332
Goodwill	4,026	4,013
Deferred income taxes	52	54
Intangibles, net	513	521
Other noncurrent assets (M)	195	192
Total assets	10,233	10,255
Current liabilities:
Accounts payable, trade (B)	881	962
Accrued compensation and retirement costs	209	195
Taxes, including income taxes (G)	78	48
Accrued interest payable	73	75
Other current liabilities (M)(P)	169	202
Total current liabilities	1,410	1,482
Long-term debt, less amounts due within one year (N)(O)	3,989	4,162
Accrued pension benefits (E)	626	633
Accrued other postretirement benefits (E)	106	109
Other noncurrent liabilities and deferred credits (M)	327	268
Total liabilities	6,458	6,654
Contingencies and commitments (P)
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	412	412
Additional capital	3,782	3,947
Retained earnings	1,334	1,028
Accumulated other comprehensive loss (I)	(1,808)	(1,841)
Total equity	3,775	3,601
Total liabilities and equity	$ 10,233	$ 10,255