Annual report pursuant to Section 13 and 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.20.4
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure Text Block [Abstract]  
Accounts Receivable, Allowance for Credit Loss
The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
(In Millions)
2020 2019
Allowance for credit losses as of January 1 $ —  $ — 
Increase in allowance (5) — 
Allowance for credit losses as of December 31 $ (5) $ — 
Schedule Of Inventories
The following table presents the detail of our Inventories in the Statements of Consolidated Financial Position:
(In Millions)
Year Ended December 31,
2020 2019
Product inventories
Finished and semi-finished goods $ 2,125  $ 114 
Work-in-process —  69 
Raw materials 1,431  9 
Total product inventories 3,556  192 
Manufacturing supplies and critical spares 272  125 
Inventories $ 3,828  $ 317 
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
(In Millions)
Year Ended December 31,
2020 2019 2018
Capital additions $ 483  $ 690  $ 395 
Less:
Non-cash accruals (86) 15  94 
Right-of-use assets - finance leases 44  29  8 
Grants —  (10) (3)
Cash paid for capital expenditures including deposits $ 525  $ 656  $ 296 
Cash payments (receipts) for interest and income taxes are as follows:
(In Millions)
2020 2019 2018
Taxes paid on income $ 5  $ —  $ 3 
Income tax refunds (120) (118) (11)
Interest paid on debt obligations net of capitalized interest1
170  98  106 
1 Capitalized interest was $53 million, $25 million and $7 million for the years ended December 31, 2020, 2019 and 2018, respectively.
Schedule of Noncash or Part Noncash Acquisitions
Non-Cash Investing and Financing Activities
(In Millions)
2020 2019 2018
Fair value of common shares issued as part of consideration in connection with AM USA Transaction $ 990  $ —  $ — 
Fair value of Series B Participating Redeemable Preferred Stock issued as part of consideration in connection with AM USA Transaction 738  —  — 
Fair value of settlement of a pre-existing relationship as part of consideration in connection with AM USA Transaction 237  —  — 
Fair value of common shares issued as consideration in connection with AK Steel Merger 618  —  — 
Fair value of equity awards assumed in connection with AK Steel Merger 4  —  —