Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 791	$ 720
Receivables from customers, less allowances of $1 in 2022 and $— in 2021 (M)	506	367
Other receivables (M)	31	53
Inventories (N)	1,609	1,402
Prepaid expenses and other current assets	206	195
Total current assets	3,143	2,737
Properties, plants, and equipment, net (O)	2,332	2,467
Goodwill (A and P)	4,013	4,067
Deferred income taxes (I)	54	184
Intangibles, net (P)	521	549
Other noncurrent assets (A and Q)	192	215
Total assets	10,255	10,219
Current liabilities:
Accounts payable, trade	962	732
Accrued compensation and retirement costs	195	198
Taxes, including income taxes	48	61
Accrued interest payable	75	74
Other current liabilities (A and Q)	202	183
Short-term debt (R and S)	0	5
Total current liabilities	1,482	1,253
Long-term debt, less amount due within one year (R and S)	4,162	4,227
Accrued pension benefits (H)	633	771
Accrued other postretirement benefits (H)	109	153
Other noncurrent liabilities and deferred credits (A and Q)	268	307
Total liabilities	6,654	6,711
Contingencies and commitments (V)
Howmet Aerospace Inc. shareholders’ equity:
Preferred stock (J)	55	55
Common stock (J)	412	422
Additional capital (J)	3,947	4,291
Retained earnings (A)	1,028	603
Accumulated other comprehensive loss (A and L)	(1,841)	(1,863)
Total equity	3,601	3,508
Total liabilities and equity	$ 10,255	$ 10,219