XML 22 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets, Current [Abstract]    
Cash and cash equivalents $ 1,610 $ 1,577
Receivables from customers, less allowances of $1 in 2020 and $1 in 2019 (M) 328 583
Other receivables (M) 29 349
Inventories (N) 1,488 1,607
Prepaid expenses and other current assets 217 285
Current assets of discontinued operations (C) 0 1,442
Total current assets 3,672 5,843
Properties, plants, and equipment, net (O) 2,592 2,629
Goodwill (A and P) 4,102 4,067
Deferred income taxes (I) 272 209
Intangibles, net (P) 571 599
Other noncurrent assets (A and Q) 234 316
Noncurrent assets of discontinued operations (C) 0 3,899
Total assets 11,443 17,562
Current liabilities:    
Accounts payable, trade 599 976
Accrued compensation and retirement costs 205 285
Taxes, including income taxes 102 65
Accrued interest payable 89 112
Other current liabilities (A and Q) 289 229
Short-term debt (R and S) 376 1,034
Current liabilities of discontinued operations (C) 0 1,424
Total current liabilities 1,660 4,125
Long-term debt, less amount due within one year (R and S) 4,699 4,906
Accrued pension benefits (H) 985 1,030
Accrued other postretirement benefits (H) 198 200
Other noncurrent liabilities and deferred credits (A and Q) 324 438
Noncurrent liabilities of discontinued operations (C) 0 2,258
Total liabilities 7,866 12,957
Contingencies and commitments (V)
Howmet Aerospace shareholders’ equity:    
Preferred stock (J) 55 55
Common stock (J) 433 433
Additional capital (J) 4,668 7,319
Retained earnings (A) 364 113
Accumulated other comprehensive loss (A and L) (1,943) (3,329)
Total Howmet Aerospace shareholders’ equity 3,577 4,591
Noncontrolling interests 0 14
Total equity 3,577 4,605
Total liabilities and equity $ 11,443 $ 17,562