Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents (L)	$ 1,638	$ 1,814
Receivables from customers	898	757
Other receivables	124	127
Inventories (I)	2,556	1,956
Fair value of derivative instruments (L)	224	14
Prepaid expenses and other current assets	423	358
Total current assets	5,863	5,026
Properties, plants, and equipment	19,647	19,753
Less: accumulated depreciation, depletion, and amortization	13,190	13,130
Properties, plants, and equipment, net	6,457	6,623
Investments (H)	1,238	1,199
Deferred income taxes	445	506
Fair value of derivative instruments (L)	15	7
Other noncurrent assets	1,691	1,664
Total assets	15,709	15,025
Current liabilities:
Accounts payable, trade	1,752	1,674
Accrued compensation and retirement costs	341	383
Taxes, including income taxes	343	374
Fair value of derivative instruments (L)	232	274
Other current liabilities	567	517
Long-term debt due within one year (J & L)	1	1
Total current liabilities	3,236	3,223
Long-term debt, less amount due within one year (J & L)	1,725	1,726
Accrued pension benefits (K)	369	417
Accrued other postretirement benefits (K)	626	650
Asset retirement obligations (O)	634	622
Environmental remediation (P)	254	265
Fair value of derivative instruments (L)	867	1,048
Noncurrent income taxes	204	191
Other noncurrent liabilities and deferred credits	502	599
Total liabilities	8,417	8,741
CONTINGENCIES AND COMMITMENTS (P)
Alcoa Corporation shareholders’ equity:
Common stock	2	2
Additional capital	9,313	9,577
Retained earnings (deficit)	606	(315)
Accumulated other comprehensive loss (G)	(4,255)	(4,592)
Total Alcoa Corporation shareholders’ equity	5,666	4,672
Noncontrolling interest	1,626	1,612
Total equity	7,292	6,284
Total liabilities and equity	$ 15,709	$ 15,025