Annual report pursuant to Section 13 and 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

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SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure Text Block [Abstract]  
Roll-forward of Allowance for Credit Losses
The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
(In Millions)
2021 2020
Allowance for credit losses as of January 1 $ (5) $ — 
Decrease (increase) in allowance 1  (5)
Allowance for credit losses as of December 31 $ (4) $ (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,
2021 2020
Product inventories
Finished and semi-finished goods $ 2,814  $ 2,125 
Raw materials 2,070  1,431 
Total product inventories 4,884  3,556 
Manufacturing supplies and critical spares 304  272 
Inventories $ 5,188  $ 3,828 
Schedule of Cash Flow, Supplemental Disclosures
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
(In Millions)
Year Ended December 31,
2021 2020 2019
Capital additions $ 857  $ 483  $ 690 
Less:
Non-cash accruals 102  (86) 15 
Right-of-use assets - finance leases 50  44  29 
Grants —  —  (10)
Cash paid for capital expenditures including deposits $ 705  $ 525  $ 656 
Cash payments (receipts) for interest and income taxes are as follows:
(In Millions)
2021 2020 2019
Taxes paid on income $ 166  $ 5  $ — 
Income tax refunds (16) (120) (118)
Interest paid on debt obligations net of capitalized interest1
299  170  98 
1 Capitalized interest was $6 million, $53 million and $25 million for the years ended December 31, 2021, 2020 and 2019, respectively.
Schedule of Noncash or Part Noncash Acquisitions
Other Non-Cash Investing and Financing Activities
(In Millions)
2021 2020 2019
Fair value of settlement of a pre-existing relationship as part of consideration in connection with FPT Acquisition $ (20) $ —  $ — 
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  —