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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents (V) $ 1,863 $ 1,362
Receivables from customers, less allowances of $13 in 2016 and $8 in 2015 (S) 974 960
Other receivables (C and S) 477 394
Inventories (G) 2,253 2,284
Prepaid expenses and other current assets 325 397
Current assets of discontinued operations (C)   2,556
Total current assets 5,892 7,953
Properties, plants, and equipment, net (H) 5,499 5,425
Goodwill (A and E) 5,148 5,249
Deferred income taxes (R) 1,234 1,308
Investment in common stock of Alcoa Corporation (C and V) 1,020  
Other noncurrent assets (I) 1,245 1,944
Noncurrent assets of discontinued operations (C)   14,598
Total Assets 20,038 36,477
Current liabilities:    
Short-term borrowings (J and V) 36 38
Accounts payable, trade 1,744 1,510
Accrued compensation and retirement costs 398 410
Taxes, including income taxes 85 103
Accrued interest payable 153 170
Other current liabilities 329 441
Long-term debt due within one year (J and V) 4 3
Current liabilities of discontinued operations (C)   2,536
Total current liabilities 2,749 5,211
Long-term debt, less amount due within one year (J and V) 8,044 8,786
Accrued pension benefits (U) 2,345 1,925
Accrued other postretirement benefits (U) 889 917
Other noncurrent liabilities and deferred credits (K) 870 828
Noncurrent liabilities of discontinued operations (C)   4,679
Total liabilities 14,897 22,346
Contingencies and commitments (L)
Arconic shareholders' equity:    
Preferred stock (P) 55 55
Mandatory convertible preferred stock (P) 3 3
Common stock (P) 438 1,391
Additional capital 8,214 10,019
Retained (deficit) earnings (1,027) 8,834
Treasury stock, at cost (P)   (2,825)
Accumulated other comprehensive loss (B) (2,568) (5,431)
Total Arconic shareholders' equity 5,115 12,046
Noncontrolling interests 26 2,085
Total equity 5,141 14,131
Total Liabilities and Equity $ 20,038 $ 36,477