Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 424	$ 791
Receivables from customers, less allowances of $1 in both 2023 and 2022 (J)	714	506
Other receivables	13	31
Inventories (K)	1,748	1,609
Prepaid expenses and other current assets	212	206
Total current assets	3,111	3,143
Properties, plants, and equipment, net (L)	2,296	2,332
Goodwill	4,007	4,013
Deferred income taxes	45	54
Intangibles, net	507	521
Other noncurrent assets (M)	200	192
Total assets	10,166	10,255
Current liabilities:
Accounts payable, trade (B)	894	962
Accrued compensation and retirement costs	240	195
Taxes, including income taxes (G)	73	48
Accrued interest payable	58	75
Other current liabilities (M)(P)	189	202
Total current liabilities	1,454	1,482
Long-term debt (N)(O)	3,794	4,162
Accrued pension benefits (E)	618	633
Accrued other postretirement benefits (E)	98	109
Other noncurrent liabilities and deferred credits (M)	330	268
Total liabilities	6,294	6,654
Contingencies and commitments (P)
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	412	412
Additional capital	3,770	3,947
Retained earnings	1,485	1,028
Accumulated other comprehensive loss (I)	(1,850)	(1,841)
Total equity	3,872	3,601
Total liabilities and equity	$ 10,166	$ 10,255