Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 610	$ 791
Receivables from customers, less allowances of $— in 2023 and $1 in 2022 (L)	675	506
Other receivables (L)	17	31
Inventories (M)	1,765	1,609
Prepaid expenses and other current assets	249	206
Total current assets	3,316	3,143
Properties, plants, and equipment, net (N)	2,328	2,332
Goodwill (A and O)	4,035	4,013
Deferred income taxes (H)	46	54
Intangibles, net (O)	505	521
Other noncurrent assets (A and P)	198	192
Total assets	10,428	10,255
Current liabilities:
Accounts payable, trade	982	962
Accrued compensation and retirement costs	263	195
Taxes, including income taxes	68	48
Accrued interest payable	65	75
Other current liabilities (A and P)	200	202
Long-term debt due within one year (Q and R)	206	0
Total current liabilities	1,784	1,482
Long-term debt, less amount due within one year (Q and R)	3,500	4,162
Accrued pension benefits (G)	664	633
Accrued other postretirement benefits (G)	92	109
Other noncurrent liabilities and deferred credits (A and P)	351	268
Total liabilities	6,391	6,654
Contingencies and commitments (U)
Howmet Aerospace Inc. shareholders’ equity:
Preferred stock (I)	55	55
Common stock (I)	410	412
Additional capital (I)	3,682	3,947
Retained earnings (A)	1,720	1,028
Accumulated other comprehensive loss (A and K)	(1,830)	(1,841)
Total equity	4,037	3,601
Total liabilities and equity	$ 10,428	$ 10,255