Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 564	$ 610
Receivables from customers, less allowances of $— in both 2024 and 2023 (L)	689	675
Other receivables (L)	20	17
Inventories (M)	1,840	1,765
Prepaid expenses and other current assets	249	249
Total current assets	3,362	3,316
Properties, plants, and equipment, net (N)	2,386	2,328
Goodwill (A and O)	4,010	4,035
Deferred income taxes (H)	35	46
Intangibles, net (O)	475	505
Other noncurrent assets (A and P)	251	198
Total assets	10,519	10,428
Current liabilities:
Accounts payable, trade	948	982
Accrued compensation and retirement costs	305	263
Taxes, including income taxes	60	68
Accrued interest payable	59	65
Other current liabilities (A and P)	171	200
Long-term debt due within one year (Q and R)	6	206
Total current liabilities	1,549	1,784
Long-term debt, less amount due within one year (Q and R)	3,309	3,500
Accrued pension benefits (G)	625	664
Accrued other postretirement benefits (G)	54	92
Other noncurrent liabilities and deferred credits (A and P)	428	351
Total liabilities	5,965	6,391
Contingencies and commitments (U)
Howmet Aerospace Inc. shareholders’ equity:
Preferred stock (I)	55	55
Common stock (I)	405	410
Additional capital (I)	3,206	3,682
Retained earnings (A)	2,766	1,720
Accumulated other comprehensive loss (A and K)	(1,878)	(1,830)
Total equity	4,554	4,037
Total liabilities and equity	$ 10,519	$ 10,428