Other

Howmet Aerospace·Balance Sheet Statement·74 metrics

Breakdown

Metric	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
LIFO Inventory Amount	—	—	—	—	—	—	$642M	$668M
Short-term debt and current portion of long-term debt	—	—	—	—	—	—	$191M	$636M
Future pension and postretirement benefit obligations	$645M	$629M	$625M	$625M	$613M	$597M	$546M	$533M
Common Stock, Shares, Outstanding	408M	407M	405M	404M	404M	403M	401.6M	401M
Inventory, LIFO Reserve	—	—	—	—	—	—	$333M	$348M
Total amount committed under outstanding surety bonds	$43M	$43M	$44M	$45M	$45M	$44M	$44M	$43M
Other, net	-$8M	-$14M	-$13M	-$12M	-$11M	-$11M	-$16M	-$25M
Amount of outstanding surety bonds relating to these liabilities	$21M	$21M	$21M	$21M	$20M	$19M	$19M	$19M
Accrual for Environmental Loss Contingencies	$17M	$19M	$19M	$16M	$16M	$17M	$16M	$16M
Guarantor obligations, current carrying value	$22M	$23M	$6M	$6M	$6M	$3M	$4M	$3M
Restructuring Reserve	$12M	$7M	$4M	$3M	$4M	$3M	$1M	$1M
Defined Benefit Plan Discount Rate	—	—	$0.1	—	—	—	$0.1	—
Defined Benefit Plan Healthcare Cost Trend Rate	—	—	5.5%	—	—	—	5.5%	—
Accrued Environmental Loss Contingencies, Current	$7M	$10M	$10M	$7M	$7M	$7M	$7M	—
Allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Common stock, capital shares reserved for future issuance	—	—	$24M	—	—	—	$47M	—
Common stock, par value (in dollars per share)	—	—	$1	—	—	—	$1	—
Common stock, shares authorized (in shares)	—	—	$600M	—	—	—	$600M	—
Common stock, shares issued (in shares)	—	—	$405.4M	—	—	—	$401.6M	—
Contract with Customer, Liability	—	—	$60M	—	—	—	$253M	—
Deferred Tax Liabilities, Gross	—	—	$841M	—	—	—	$810M	—
Derivatives and hedging activities	—	—	$0	—	—	—	$9M	—
Deferred Tax Assets, Gross	—	—	$2.4B	—	—	—	$2.4B	—
Deferred Tax Assets, Net of Valuation Allowance	—	—	$727M	—	—	—	$670M	—
Deferred Tax Assets, Operating Loss Carryforwards	—	—	$1.9B	—	—	—	$2B	—
Fixed assets	—	—	$8M	—	—	—	$4M	—
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits	—	—	$232M	—	—	—	$223M	—
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Loss Reserves	—	—	$11M	—	—	—	$14M	—
Deferred Tax Assets, Valuation Allowance	—	—	$1.7B	—	—	—	$1.8B	—
R&D capitalization	—	—	$0	—	—	—	$0	—
Employee benefits	—	—	$9M	—	—	—	$7M	—
Loss provisions	—	—	$2M	—	—	—	$1M	—
Deferred Tax Liabilities, Other	—	—	$8M	—	—	—	$7M	—
Deferred Tax Liabilities, Property, Plant and Equipment	—	—	$529M	—	—	—	$550M	—
Tax credit carryforwards	—	—	$0	—	—	—	$0	—
Tax loss carryforwards	—	—	$0	—	—	—	$0	—
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year	—	—	$0.1	—	—	—	$0.1	—
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	—	—	$0	—	—	—	$0	—
Unrecognized compensation cost related to non-vested awards	—	—	—	—	—	—	$61M	—
Finite-Lived Intangible Assets, Accumulated Amortization	—	—	$519M	—	—	—	$523M	—
Gross Carrying Amount	—	—	$972M	—	—	—	$958M	—
Goodwill, Gross	—	—	$4.7B	—	—	—	$4.8B	—
Goodwill accumulated impairment losses	—	—	$725M	—	—	—	$725M	—
Goodwill, Reclassified To Held-For-Sale	—	—	—	—	—	—	$36M	—
Combined fair value of guarantees	$6M	$6M	$6M	$5M	$5M	$5M	$5M	—
Trademarks	—	—	$22M	—	—	—	$22M	—
Indefinite- lived intangible impairment	—	—	$994M	—	—	—	$980M	—
Amount outstanding under the credit facility	$0	$0	$0	$0	$0	$0	$0	$0
2028	—	—	$323M	—	—	—	$0	—
2029	—	—	$625M	—	—	—	$300M	—
2029	—	—	$700M	—	—	—	$0	—
2030	—	—	$300M	—	—	—	$700M	—
2027	—	—	$5M	—	—	—	$191M	—
Long-Lived Assets	—	—	$2.5B	—	—	—	$2.8B	—
Operating Loss Carryforwards	—	—	$1.9B	—	—	—	$2B	—
Preferred Stock, Shares Outstanding	—	—	—	—	—	—	—	0
2024	—	—	$51M	—	—	—	$43M	—
2025	—	—	$42M	—	—	—	$40M	—
2026	—	—	$40M	—	—	—	$40M	—
2023	—	—	$237M	—	—	—	$154M	—
Purchase obligation due thereafter	—	—	—	—	—	—	$0	—
Percentage of fair value in excess of carrying amount	—	—	60.0%	—	—	—	80.0%	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	—	—	$100K	—	—	—	$100K	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	—	—	$21	—	—	—	$23.3	—
Incentive stock program, shares reserved for future grants (in shares)	—	—	$47M	—	—	—	$24M	—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	—	—	$13M	—	—	—	$15M	—
Share Repurchase Program, Authorized, Amount	—	$3.5B	—	—	—	—	$3.5B	—
Unrecognized tax benefits	—	—	$1M	—	—	—	$4M	—
Penalties and interest accrued on unrecognized tax benefits	—	—	$9M	—	—	—	$10M	—
Unrecorded Unconditional Purchase Obligation	—	—	$237M	—	—	—	$154M	—
Unrecorded Unconditional Purchase Obligation - Due Year Two	—	—	$51M	—	—	—	$43M	—
Unrecorded Unconditional Purchase Obligation - Due Year Three	—	—	$42M	—	—	—	$40M	—
Unrecorded Unconditional Purchase Obligation - Due Year Four	—	—	$40M	—	—	—	$40M	—
Weighted-Average Discount Rate	—	—	5.6%	—	—	—	5.3%	—