Quarterly report pursuant to Section 13 or 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.23.2
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Allowance for Credit Losses
The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
(In millions) 2023 2022
Allowance for credit losses as of January 1 $ (4) $ (4)
Decrease (increase) in allowance (3) 1 
Allowance for credit losses as of June 30 $ (7) $ (3)
Schedule of Inventory
The following table presents the detail of our Inventories on the Statements of Unaudited Condensed Consolidated Financial Position:
(In millions) June 30,
2023		 December 31,
2022
Product inventories
Finished and semi-finished goods $ 2,765  $ 2,971 
Raw materials 1,582  1,794 
Total product inventories 4,347  4,765 
Manufacturing supplies and critical spares 380  365 
Inventories $ 4,727  $ 5,130 
Schedule of Supplemental Cash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
Six Months Ended
June 30,
(In millions) 2023 2022
Capital additions $ 290  $ 489 
Less:
Non-cash accruals (89) (2)
Right-of-use assets - finance leases 60  23 
Cash paid for capital expenditures including deposits $ 319  $ 468 
Cash payments (receipts) for income taxes and interest are as follows:
Six Months Ended
June 30,
(In millions) 2023 2022
Income taxes paid $ 37  $ 299 
Income tax refunds (138) (1)
Interest paid on debt obligations net of capitalized interest1
142  133 
1 Capitalized interest was $6 million and $5 million for the six months ended June 30, 2023 and 2022, respectively.