Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents (N)	$ 990	$ 1,363
Receivables from customers (I)	702	778
Other receivables	104	131
Inventories (J)	2,400	2,427
Fair value of derivative instruments (N)	93	134
Prepaid expenses and other current assets	381	417
Total current assets	4,670	5,250
Properties, plants, and equipment	19,814	19,605
Less: accumulated depreciation, depletion, and amortization	13,369	13,112
Properties, plants, and equipment, net	6,445	6,493
Investments (H)	1,034	1,122
Deferred income taxes	320	296
Fair value of derivative instruments (N)	5	2
Other noncurrent assets	1,654	1,593
Total assets	14,128	14,756
Current liabilities:
Accounts payable, trade	1,491	1,757
Accrued compensation and retirement costs	340	335
Taxes, including income taxes	67	230
Fair value of derivative instruments (N)	165	200
Other current liabilities	532	481
Long-term debt due within one year (L & N)	1	1
Total current liabilities	2,596	3,004
Long-term debt, less amount due within one year (L & N)	1,808	1,806
Accrued pension benefits (M)	242	213
Accrued other postretirement benefits (M)	445	480
Asset retirement obligations (P)	717	711
Environmental remediation (Q)	215	226
Fair value of derivative instruments (N)	912	1,026
Noncurrent income taxes	221	215
Other noncurrent liabilities and deferred credits	514	486
Total liabilities	7,670	8,167
CONTINGENCIES AND COMMITMENTS (Q)
Alcoa Corporation shareholders’ equity:
Common stock	2	2
Additional capital	9,173	9,183
Accumulated deficit	(939)	(570)
Accumulated other comprehensive loss (G)	(3,394)	(3,539)
Total Alcoa Corporation shareholders’ equity	4,842	5,076
Noncontrolling interest	1,616	1,513
Total equity	6,458	6,589
Total liabilities and equity	$ 14,128	$ 14,756