Novelis Inc. (NVL) [Rocket]

In millions, except per share items	Jun-30-23	Mar-31-23	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-K	10-Q	10-Q	10-K	10-Q	10-Q	10-Q
ASSETS
Current assets:
Cash and cash equivalents	1,041	1,498	1,145	1,037	1,070	808	659	872

Accounts receivable, net
— third parties		1,751	2,239	2,601	2,590	2,247	2,124	1,990
Inventories	2,876	2,729	3,333	3,456	3,038	2,912	2,623	2,380
Prepaid expenses and other current assets	189	178	161	182	195	155	212	201
Fair value of derivative instruments	336	145	536	621	377	217	217	174
Assets held for sale	3	3	5	5	5	5	5	5
Total current assets	6,550	6,460	7,625	8,142	7,503	6,610	6,074	5,846
Property, plant and equipment, net	5,050	4,900	4,425	4,477	4,624	4,614	4,628	4,677
Goodwill	1,074	1,076	1,070	1,075	1,081	1,082	1,083	1,084
Intangible assets, net	582	589	590	604	623	637	655	677
Investment in and advances to non-consolidated affiliates	887	877	744	801	832	840	831	850
Deferred income tax assets	153	166	145	149	158	125	137	142

Other long-term assets
Other long-term assets		293	295	295	274	280	271	310
Total assets	14,587	14,364	14,896	15,544	15,096	14,189	13,680	13,587

LIABILITIES AND SHAREHOLDER'S EQUITY
Current liabilities:
Current portion of long-term debt	57	88	63	59	26	340	443	541
Short-term borrowings	601	671	858	603	529	373	247	359

Accounts payable
— third parties		3,100	3,242	3,843	3,869	3,147	3,083	2,916
Fair value of derivative instruments	133	130	310	266	959	407	582	346
Accrued expenses and other current liabilities	562	633	816	859	774	727	655	610
Total current liabilities	4,815	4,899	5,614	5,996	6,498	5,371	5,319	5,081
Long-term debt, net of current portion	4,878	4,881	4,850	4,894	4,967	4,984	4,942	4,960
Deferred income tax liabilities	345	288	353	387	158	223	172	230
Accrued postretirement benefits	547	554	609	631	669	841	852	871
Other long-term liabilities	287	288	320	306	295	294	313	301
Total liabilities	10,872	10,910	11,746	12,214	12,587	11,713	11,598	11,443

Commitments and contingencies
Shareholder's equity:
Additional paid-in capital	1,208	1,208	1,208	1,304	1,308	1,304	1,304	1,404
Retained earnings	2,628	2,472	2,304	2,125	1,814	1,603	1,341	1,104
Accumulated other comprehensive loss	-133	-238	-368	-105	-620	-416	-547	-348
Total equity of our common shareholder	3,703	3,442	3,144	3,324	2,502	2,491	2,098	2,160
Noncontrolling interests	12	12	6	6	7	-15	-16	-16
Total equity	3,715	3,454	3,150	3,330	2,509	2,476	2,082	2,144
Total liabilities and equity	14,587	14,364	14,896	15,544	15,096	14,189	13,680	13,587