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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents (N) $ 926 $ 1,363
Receivables from customers (I) 691 778
Other receivables 105 131
Inventories (J) 2,190 2,427
Fair value of derivative instruments (N) 33 134
Prepaid expenses and other current assets 420 417
Total current assets 4,365 5,250
Properties, plants, and equipment 19,836 19,605
Less: accumulated depreciation, depletion, and amortization 13,304 13,112
Properties, plants, and equipment, net 6,532 6,493
Investments (H) 1,004 1,122
Deferred income taxes 395 296
Fair value of derivative instruments (N) 3 2
Other noncurrent assets 1,618 1,593
Total assets 13,917 14,756
Current liabilities:    
Accounts payable, trade 1,472 1,757
Accrued compensation and retirement costs 337 335
Taxes, including income taxes 110 230
Fair value of derivative instruments (N) 204 200
Other current liabilities 500 481
Long-term debt due within one year (L & N) 1 1
Total current liabilities 2,624 3,004
Long-term debt, less amount due within one year (L & N) 1,809 1,806
Accrued pension benefits (M) 225 213
Accrued other postretirement benefits (M) 440 480
Asset retirement obligations (P) 830 711
Environmental remediation (Q) 225 226
Fair value of derivative instruments (N) 927 1,026
Noncurrent income taxes 207 215
Other noncurrent liabilities and deferred credits 538 486
Total liabilities 7,825 8,167
CONTINGENCIES AND COMMITMENTS (Q)
Alcoa Corporation shareholders’ equity:    
Common stock 2 2
Additional capital 9,179 9,183
Accumulated deficit (1,125) (570)
Accumulated other comprehensive loss (G) (3,547) (3,539)
Total Alcoa Corporation shareholders’ equity 4,509 5,076
Noncontrolling interest 1,583 1,513
Total equity 6,092 6,589
Total liabilities and equity $ 13,917 $ 14,756