Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents (L)	$ 1,554	$ 1,814
Receivables from customers	952	757
Other receivables	98	127
Inventories (I)	2,495	1,956
Fair value of derivative instruments (L)	64	14
Prepaid expenses and other current assets	435	358
Total current assets	5,598	5,026
Properties, plants, and equipment	20,445	19,753
Less: accumulated depreciation, depletion, and amortization	13,621	13,130
Properties, plants, and equipment, net	6,824	6,623
Investments (H)	1,224	1,199
Deferred income taxes	667	506
Fair value of derivative instruments (L)	20	7
Other noncurrent assets	1,655	1,664
Total assets	15,988	15,025
Current liabilities:
Accounts payable, trade	1,645	1,674
Accrued compensation and retirement costs	357	383
Taxes, including income taxes	358	374
Fair value of derivative instruments (L)	514	274
Other current liabilities	591	517
Long-term debt due within one year (J & L)	1	1
Total current liabilities	3,466	3,223
Long-term debt, less amount due within one year (J & L)	1,727	1,726
Accrued pension benefits (K)	407	417
Accrued other postretirement benefits (K)	642	650
Asset retirement obligations	637	622
Environmental remediation (O)	264	265
Fair value of derivative instruments (L)	1,795	1,048
Noncurrent income taxes	192	191
Other noncurrent liabilities and deferred credits	601	599
Total liabilities	9,731	8,741
CONTINGENCIES AND COMMITMENTS (O)
Alcoa Corporation shareholders’ equity:
Common stock	2	2
Additional capital	9,537	9,577
Retained earnings (deficit)	114	(315)
Accumulated other comprehensive loss (G)	(5,074)	(4,592)
Total Alcoa Corporation shareholders’ equity	4,579	4,672
Noncontrolling interest	1,678	1,612
Total equity	6,257	6,284
Total liabilities and equity	$ 15,988	$ 15,025