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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents (L) $ 1,432 $ 1,814
Receivables from customers 749 757
Other receivables 119 127
Inventories (I) 2,400 1,956
Fair value of derivative instruments (L) 207 14
Prepaid expenses and other current assets 443 358
Total current assets 5,350 5,026
Properties, plants, and equipment 19,019 19,753
Less: accumulated depreciation, depletion, and amortization 12,765 13,130
Properties, plants, and equipment, net 6,254 6,623
Investments (H) 1,223 1,199
Deferred income taxes 417 506
Fair value of derivative instruments (L) 20 7
Other noncurrent assets 1,621 1,664
Total assets 14,885 15,025
Current liabilities:    
Accounts payable, trade 1,590 1,674
Accrued compensation and retirement costs 329 383
Taxes, including income taxes 301 374
Fair value of derivative instruments (L) 167 274
Other current liabilities 566 517
Long-term debt due within one year (J & L) 1 1
Total current liabilities 2,954 3,223
Long-term debt, less amount due within one year (J & L) 1,725 1,726
Accrued pension benefits (K) 370 417
Accrued other postretirement benefits (K) 616 650
Asset retirement obligations (O) 611 622
Environmental remediation (P) 262 265
Fair value of derivative instruments (L) 812 1,048
Noncurrent income taxes 201 191
Other noncurrent liabilities and deferred credits 442 599
Total liabilities 7,993 8,741
CONTINGENCIES AND COMMITMENTS (P)
Alcoa Corporation shareholders’ equity:    
Common stock 2 2
Additional capital 9,171 9,577
Accumulated deficit (158) (315)
Accumulated other comprehensive loss (G) (3,644) (4,592)
Total Alcoa Corporation shareholders’ equity 5,371 4,672
Noncontrolling interest 1,521 1,612
Total equity 6,892 6,284
Total liabilities and equity $ 14,885 $ 15,025