Howmet Aerospace Inc
For the period ended Dec 31, 2023. Filed Feb 13, 2024.
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FY2023 · Filed Feb 13, 2024
HWM$219.05+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheet as of December 31, 202 and
| December 31, | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $610 | $791 |
| Receivables from customers, less allowances of $— in 2023 and $1 in 2022 (L) | 675 | 506 |
| Other receivables (L) | 17 | 31 |
| Inventories (M) | 1,765 | 1,609 |
| Prepaid expenses and other current assets | 249 | 206 |
| Total current assets | 3,316 | 3,143 |
| Properties, plants, and equipment, net (N) | 2,328 | 2,332 |
| Goodwill (A and O) | 4,035 | 4,013 |
| Deferred income taxes (H) | 46 | 54 |
| Intangibles, net (O) | 505 | 521 |
| Other noncurrent assets (A and P) | 198 | 192 |
| Total assets | $10,428 | $10,255 |
| Liabilities | ||
| Current liabilities: | ||
| Accounts payable, trade | $982 | $962 |
| Accrued compensation and retirement costs | 263 | 195 |
| Taxes, including income taxes | 68 | 48 |
| Accrued interest payable | 65 | 75 |
| Other current liabilities (A and P) | 200 | 202 |
| Long-term debt due within one year (Q and R) | 206 | — |
| Total current liabilities | 1,784 | 1,482 |
| Long-term debt, less amount due within one year (Q and R) | 3,500 | 4,162 |
| Accrued pension benefits (G) | 664 | 633 |
| Accrued other postretirement benefits (G) | 92 | 109 |
| Other noncurrent liabilities and deferred credits (A and P) | 351 | 268 |
| Total liabilities | 6,391 | 6,654 |
| Contingencies and commitments (U) | ||
| Equity | ||
| Howmet Aerospace Inc. shareholders’ equity: | ||
| Preferred stock (I) | 55 | 55 |
| Common stock (I) | 410 | 412 |
| Additional capital (I) | 3,682 | 3,947 |
| Retained earnings (A) | 1,720 | 1,028 |
| Accumulated other comprehensive loss (A and K) | (1,830) | (1,841) |
| Total equity | 4,037 | 3,601 |
| Total liabilities and equity | $10,428 | $10,255 |
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