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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (M) $ 1,313 $ 944
Receivables from customers (I) 862 656
Other receivables 145 152
Inventories (J) 2,096 2,158
Fair value of derivative instruments (M) 5 29
Prepaid expenses and other current assets 445 466
Total current assets 4,866 4,405
Properties, plants, and equipment 20,535 20,381
Less: accumulated depreciation, depletion, and amortization 13,814 13,596
Properties, plants, and equipment, net 6,721 6,785
Investments (H) 982 979
Deferred income taxes 329 333
Fair value of derivative instruments (M) 1 3
Other noncurrent assets 1,643 1,650
Total assets 14,542 14,155
Current liabilities:    
Accounts payable, trade 1,544 1,714
Accrued compensation and retirement costs 363 357
Taxes, including income taxes 109 88
Fair value of derivative instruments (M) 267 214
Other current liabilities 712 578
Long-term debt due within one year (K & M) 464 79
Total current liabilities 3,459 3,030
Long-term debt, less amount due within one year (K & M) 2,469 1,732
Accrued pension benefits (L) 258 278
Accrued other postretirement benefits (L) 422 443
Asset retirement obligations 789 772
Environmental remediation (O) 182 202
Fair value of derivative instruments (M) 1,007 1,092
Noncurrent income taxes 74 193
Other noncurrent liabilities and deferred credits 632 568
Total liabilities 9,292 8,310
CONTINGENCIES AND COMMITMENTS (O)
Alcoa Corporation shareholders’ equity:    
Preferred stock 0 0
Common stock 3 2
Additional capital 11,487 9,187
Accumulated deficit (1,498) (1,293)
Accumulated other comprehensive loss (G) (4,742) (3,645)
Total Alcoa Corporation shareholders’ equity 5,250 4,251
Noncontrolling interest 0 1,594
Total equity 5,250 5,845
Total liabilities and equity $ 14,542 $ 14,155