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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents (J) $ 1,017 $ 1,113
Receivables from customers 758 830
Other receivables 184 173
Inventories (H) 1,799 1,819
Fair value of derivative instruments (J) 71 73
Prepaid expenses and other current assets (H) 285 320
Total current assets 4,114 4,328
Properties, plants, and equipment 22,015 21,807
Less: accumulated depreciation, depletion, and amortization 13,687 13,480
Properties, plants, and equipment, net 8,328 8,327
Investments (G & M) 1,362 1,360
Deferred income taxes 604 560
Fair value of derivative instruments (J) 68 82
Other noncurrent assets 1,480 1,475
Total assets 15,956 16,132
Current liabilities:    
Accounts payable, trade 1,503 1,663
Accrued compensation and retirement costs 383 400
Taxes, including income taxes 395 426
Fair value of derivative instruments (J) 84 82
Other current liabilities 437 347
Long-term debt due within one year (J) 1 1
Total current liabilities 2,803 2,919
Long-term debt, less amount due within one year (J) 1,802 1,801
Accrued pension benefits (I) 1,387 1,407
Accrued other postretirement benefits (I) 851 868
Asset retirement obligations 543 529
Environmental remediation (M) 243 236
Fair value of derivative instruments (J) 580 261
Noncurrent income taxes 300 301
Other noncurrent liabilities and deferred credits 364 222
Total liabilities 8,873 8,544
CONTINGENCIES AND COMMITMENTS (M)
Alcoa Corporation shareholders’ equity:    
Common stock 2 2
Additional capital 9,618 9,611
Retained earnings (H) 371 570
Accumulated other comprehensive loss (F) (4,834) (4,565)
Total Alcoa Corporation shareholders’ equity 5,157 5,618
Noncontrolling interest (H) 1,926 1,970
Total equity 7,083 7,588
Total liabilities and equity $ 15,956 $ 16,132