Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Cash Flows

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Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Net income $ 1,415 $ 852
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 551 425
Impairment of long-lived assets 29 0
Deferred income taxes 151 225
Pension and OPEB credits (54) (41)
Loss on extinguishment of debt 80 88
Amortization of inventory step-up 0 118
Other 55 65
Changes in operating assets and liabilities, net of business combination:    
Receivables and other assets (445) (914)
Inventories (594) (557)
Income taxes (55) 9
Pension and OPEB payments and contributions (114) (223)
Payables, accrued expenses and other liabilities 379 85
Net cash provided by operating activities 1,398 132
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (468) (298)
Other investing activities 1 2
Net cash used by investing activities (467) (242)
FINANCING ACTIVITIES    
Proceeds from issuance of common shares 0 322
Repurchase of common shares (176) 0
Proceeds from issuance of debt 0 1,000
Repayments of debt (1,319) (1,339)
Borrowings under credit facilities 3,260 2,680
Repayments under credit facilities (2,624) (2,490)
Other financing activities (73) (102)
Net cash provided (used) by financing activities (932) 71
Net decrease in cash and cash equivalents (1) (39)
Cash and cash equivalents at beginning of period 48 112
Cash and cash equivalents at end of period 47 73
ArcelorMittal USA    
INVESTING ACTIVITIES    
Acquisition of ArcelorMittal USA, net of cash acquired $ 0 $ 54