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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents (O) $ 1,113 $ 1,358
Receivables from customers 830 811
Other receivables 173 232
Inventories (I) 1,644 1,453
Fair value of derivative instruments (O) 73 113
Prepaid expenses and other current assets 301 271
Total current assets 4,134 4,238
Properties, plants, and equipment, net (J) 8,327 9,138
Investments (H) 1,360 1,410
Deferred income taxes (P) 560 814
Fair value of derivative instruments (O) 82 128
Other noncurrent assets (S) 1,475 1,719
Total Assets 15,938 17,447
Current liabilities:    
Accounts payable, trade 1,663 1,898
Accrued compensation and retirement costs 400 459
Taxes, including income taxes 426 282
Fair value of derivative instruments (O) 82 185
Other current liabilities (C) 347 412
Long-term debt due within one year (L & O) 1 16
Total current liabilities 2,919 3,252
Long-term debt, less amount due within one year (L & O) 1,801 1,388
Accrued pension benefits (N) 1,407 2,341
Accrued other postretirement benefits (N) 868 1,100
Asset retirement obligations (Q) 529 617
Environmental remediation (R) 236 258
Fair value of derivative instruments (O) 261 1,105
Noncurrent income taxes (P) 301 309
Other noncurrent liabilities and deferred credits (S) 222 279
Total liabilities 8,544 10,649
Contingencies and commitments (R)
Alcoa Corporation shareholders’ equity:    
Common stock (M) 2 2
Additional capital 9,611 9,590
Retained earnings 341 113
Accumulated other comprehensive loss (G) (4,565) (5,182)
Total Alcoa Corporation shareholders’ equity 5,389 4,523
Noncontrolling interest (A) 2,005 2,275
Total equity 7,394 6,798
Total Liabilities and Equity $ 15,938 $ 17,447