Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 533	$ 610
Receivables from customers, less allowances of $— in both 2024 and 2023 (J)	785	675
Other receivables	18	17
Inventories (K)	1,783	1,765
Prepaid expenses and other current assets	221	249
Total current assets	3,340	3,316
Properties, plants, and equipment, net (L)	2,294	2,328
Goodwill	4,020	4,035
Deferred income taxes	38	46
Intangibles, net	498	505
Other noncurrent assets (M)	220	198
Total assets	10,410	10,428
Current liabilities:
Accounts payable, trade (P)	964	982
Accrued compensation and retirement costs	201	263
Taxes, including income taxes (G)	84	68
Accrued interest payable	45	65
Other current liabilities (M)(P)	198	200
Long-term debt due within one year (N)	206	206
Total current liabilities	1,698	1,784
Long-term debt (N)(O)	3,486	3,500
Accrued pension benefits (E)	662	664
Accrued other postretirement benefits (E)	91	92
Other noncurrent liabilities and deferred credits (M)	387	351
Total liabilities	6,324	6,391
Contingencies and commitments (P)
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	408	410
Additional capital	3,542	3,682
Retained earnings	1,942	1,720
Accumulated other comprehensive loss (I)	(1,861)	(1,830)
Total equity	4,086	4,037
Total liabilities and equity	$ 10,410	$ 10,428