Non-Current Liabilities

Howmet Aerospace·Balance Sheet Statement·16 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Total liabilities	$6.4B	$6.1B	$6B	$6B	$6B	$6B	$5.8B	$7.5B
Long-term debt	$2.9B	$3.4B	$3.3B	$3.3B	$3.3B	$3.2B	$3.1B	$4.7B
Deferred Credits	$432M	$432M	$428M	$436M	$486M	$574M	$612M	$611M
Defined Benefit Pension Plan Liabilities (Non-Current)	$645M	$629M	$625M	$625M	$613M	$597M	$546M	$533M
Operating Lease Liabilities (Total)	$158M	$160M	$156M	$159M	$170M	$163M	$163M	$162M
Operating lease liabilities, non-current	$121M	$122M	$119M	$120M	$129M	$122M	$121M	$118M
Postretirement benefit obligations other than pensions	$90M	$84M	$54M	$54M	$52M	$50M	$38M	$36M
Other Pension and Postretirement Benefit Liabilities	$90M	$84M	$54M	$54M	$52M	$50M	$38M	$36M
Contract Liabilities, Non-Current	—	—	—	—	—	—	$106M	—
Debt Maturity - 2027	—	—	$625M	—	—	—	$300M	—
Deferred tax liabilities	—	—	$8M	—	—	—	$7M	—
Deferred Tax Liabilities - Deferred Expense	—	—	$293M	—	—	—	$245M	—
Reserve for insurance claims	—	—	$11M	—	—	—	$14M	—
Deferred revenue, net of current portion	—	—	—	—	—	—	$106M	—
Unrecognized Tax Benefits	—	—	$1M	—	—	—	$4M	—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued	—	—	$9M	—	—	—	$10M	—