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Consolidated Balance Sheet (unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,319 $ 2,277
Receivables from customers, less allowances of $4 in 2019 and 2018 (K) 1,170 1,047
Other receivables (K) 646 451
Inventories (L) 2,612 2,492
Prepaid expenses and other current assets 306 314
Total current assets 6,053 6,581
Properties, plants, and equipment, net (M) 5,727 5,704
Goodwill (C) 4,509 4,500
Deferred income taxes 480 573
Intangibles, net 912 919
Other noncurrent assets (N) 680 416
Total assets 18,361 18,693
Current liabilities:    
Accounts payable, trade 2,193 2,129
Accrued compensation and retirement costs 339 370
Taxes, including income taxes 114 118
Accrued interest payable 97 113
Other current liabilities (N) 481 356
Short-term debt 435 434
Total current liabilities 3,659 3,520
Long-term debt, less amount due within one year (O and P) 5,899 5,896
Accrued pension benefits (F) 2,172 2,230
Accrued other postretirement benefits (F) 636 723
Other noncurrent liabilities and deferred credits (B and N) 817 739
Total liabilities 13,183 13,108
Contingencies and commitments (R)
Arconic shareholders’ equity:    
Preferred stock 55 55
Common stock 453 483
Additional capital 7,644 8,319
Accumulated deficit (134) (358)
Accumulated other comprehensive loss (J) (2,852) (2,926)
Total Arconic shareholders’ equity 5,166 5,573
Noncontrolling interests 12 12
Total equity 5,178 5,585
Total liabilities and equity $ 18,361 $ 18,693