Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents (N)	$ 1,138	$ 1,363
Receivables from customers (I)	753	778
Other receivables	99	131
Inventories (J)	2,395	2,427
Fair value of derivative instruments (N)	106	134
Prepaid expenses and other current assets	455	417
Total current assets	4,946	5,250
Properties, plants, and equipment	19,649	19,605
Less: accumulated depreciation, depletion, and amortization	13,223	13,112
Properties, plants, and equipment, net	6,426	6,493
Investments (H)	1,051	1,122
Deferred income taxes	340	296
Fair value of derivative instruments (N)	1	2
Other noncurrent assets	1,605	1,593
Total assets	14,369	14,756
Current liabilities:
Accounts payable, trade	1,489	1,757
Accrued compensation and retirement costs	332	335
Taxes, including income taxes	207	230
Fair value of derivative instruments (N)	213	200
Other current liabilities	543	481
Long-term debt due within one year (L & N)	1	1
Total current liabilities	2,785	3,004
Long-term debt, less amount due within one year (L & N)	1,806	1,806
Accrued pension benefits (M)	207	213
Accrued other postretirement benefits (M)	472	480
Asset retirement obligations	722	711
Environmental remediation (P)	230	226
Fair value of derivative instruments (N)	1,116	1,026
Noncurrent income taxes	208	215
Other noncurrent liabilities and deferred credits	527	486
Total liabilities	8,073	8,167
CONTINGENCIES AND COMMITMENTS (P)
Alcoa Corporation shareholders’ equity:
Common stock	2	2
Additional capital	9,162	9,183
Accumulated deficit	(819)	(570)
Accumulated other comprehensive loss (G)	(3,655)	(3,539)
Total Alcoa Corporation shareholders’ equity	4,690	5,076
Noncontrolling interest	1,606	1,513
Total equity	6,296	6,589
Total liabilities and equity	$ 14,369	$ 14,756