Quarterly report pursuant to Section 13 or 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.24.3
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2024
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) 2024 2023
Allowance for credit losses as of January 1 $ (5) $ (4)
Decrease (increase) in allowance 1  (3)
Allowance for credit losses as of September 30 $ (4) $ (7)
Schedule of Inventory
The following table presents the detail of our Inventories on the Statements of Unaudited Condensed Consolidated Financial Position:
(In millions) September 30,
2024		 December 31,
2023
Product inventories
Finished and semi-finished goods $ 2,319  $ 2,573 
Raw materials 1,486  1,476 
Total product inventories 3,805  4,049 
Manufacturing supplies and critical spares 431  411 
Inventories $ 4,236  $ 4,460 
Schedule of Reconciliation of Accrued Liabilities
The following table represents a reconciliation of our accrued liabilities related to the Weirton indefinite idle:
(In millions) Employee- Related Costs Exit Costs Asset Impairment Total
Balance as of December 31, 2023 $ —  $ —  $ —  $ — 
Costs incurred1
58  48  64  170 
Cash payments —  (2) —  (2)
Non-cash —  —  (64) (64)
Balance as of March 31, 2024 $ 58  $ 46  $ —  $ 104 
Costs incurred2
23  2  15  40 
Cash payments (8) (10) —  (18)
Non-cash —  —  (15) (15)
Balance as of June 30, 2024 $ 73  $ 38  $ —  $ 111 
Costs incurred3
—  2  —  2 
Cash payments (10) (11) —  (21)
Balance as of September 30, 2024 $ 63  $ 29  $ —  $ 92 
1 Of the $170 million of cost incurred, $104 million was recorded in Restructuring and other charges, $64 million was recorded in Asset impairments and $2 million was recorded in Net periodic benefit credits other than service cost component.
2 Of the $40 million of costs incurred, $25 million was recorded in Restructuring and other charges and $15 million was recorded in Asset impairments.
3 Costs incurred of $2 million were recorded in Restructuring and other charges.
Schedule of Supplemental Cash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
Nine Months Ended
September 30,
(In millions) 2024 2023
Capital additions $ 557  $ 508 
Less:
Non-cash accruals (58) (98)
Equipment financed with seller 50  47 
Right-of-use assets - finance leases 75  78 
Cash paid for capital expenditures including deposits $ 490  $ 481 
Cash payments (receipts) for income taxes and interest are as follows:
Nine Months Ended
September 30,
(In millions) 2024 2023
Income taxes paid $ 13  $ 91 
Income tax refunds (5) (142)
Interest paid on debt obligations net of capitalized interest1
193  202 
1 Capitalized interest was $11 million and $8 million for the nine months ended September 30, 2024 and 2023, respectively.