Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,281	$ 1,577
Receivables from customers, less allowances of $1 in 2020 and $1 in 2019 (K)	364	583
Other receivables (K)	163	349
Inventories (L)	1,673	1,607
Prepaid expenses and other current assets	221	285
Current assets of discontinued operations	0	1,442
Total current assets	3,702	5,843
Properties, plants, and equipment, net (M)	2,558	2,629
Goodwill (D)	4,051	4,067
Deferred income taxes	194	225
Intangibles, net	589	599
Other noncurrent assets (N)	269	316
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0	3,899
Total assets	11,363	17,578
Current liabilities:
Accounts payable, trade	632	976
Accrued compensation and retirement costs	201	285
Taxes, including income taxes	66	65
Accrued interest payable	91	112
Other current liabilities (N)	277	229
Short-term debt (O)	391	1,034
Current liabilities of discontinued operations	0	1,424
Total current liabilities	1,658	4,125
Long-term debt, less amount due within one year (O and P)	4,695	4,906
Accrued pension benefits (G)	1,006	1,030
Accrued other postretirement benefits (G)	190	200
Other noncurrent liabilities and deferred credits (N)	365	438
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0	2,258
Total liabilities	7,914	12,957
Contingencies and commitments (R)
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	436	433
Additional capital	4,703	7,319
Retained earnings	223	129
Accumulated other comprehensive loss (J)	(1,968)	(3,329)
Total Howmet Aerospace shareholders’ equity	3,449	4,607
Noncontrolling interests	0	14
Total equity	3,449	4,621
Total liabilities and equity	$ 11,363	$ 17,578