Consolidated Balance Sheet (unaudited) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 536	$ 564
Receivables from customers, less allowances of $— in both 2025 and 2024 (J)	888	689
Other receivables	13	20
Inventories (K)	1,902	1,840
Prepaid expenses and other current assets	215	249
Total current assets	3,554	3,362
Properties, plants, and equipment, net (L)	2,440	2,386
Goodwill	4,028	4,010
Deferred income taxes	32	35
Intangibles, net	470	475
Other noncurrent assets (M)	248	251
Total assets	10,772	10,519
Current liabilities:
Accounts payable, trade (P)	991	948
Accrued compensation and retirement costs	235	305
Taxes, including income taxes (G)	105	60
Accrued interest payable	32	59
Other current liabilities (M)(P)	178	171
Long-term debt due within one year (N)	7	6
Total current liabilities	1,548	1,549
Long-term debt (N)(O)	3,317	3,309
Accrued pension benefits (E)	625	625
Accrued other postretirement benefits (E)	54	54
Other noncurrent liabilities and deferred credits (M)	436	428
Total liabilities	5,980	5,965
Contingencies and commitments (P)
Howmet Aerospace shareholders’ equity:
Preferred stock	55	55
Common stock	404	405
Additional capital	3,095	3,206
Retained earnings	3,068	2,766
Accumulated other comprehensive loss (I)	(1,830)	(1,878)
Total equity	4,792	4,554
Total liabilities and equity	$ 10,772	$ 10,519