SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

6 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

Allowance for Credit Losses

The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:

	(In Millions)
	2022		2021
Allowance for credit losses as of January 1	$	(4)	$	(5)
Decrease in allowance	1		—
Allowance for credit losses as of June 30	$	(3)	$	(5)

Inventories

The following table presents the detail of our Inventories in the Statements of Unaudited Condensed Consolidated Financial Position:

	(In Millions)
	June 30, 2022		December 31, 2021
Product inventories
Finished and semi-finished goods	$	3,081	$	2,814
Raw materials	2,370		2,070
Total product inventories	5,451		4,884
Manufacturing supplies and critical spares	333		304
Inventories	$	5,784	$	5,188

Cash Flow Information

A reconciliation of capital additions to cash paid for capital expenditures is as follows:

	(In Millions)
	Six Months Ended June 30,
	2022		2021
Capital additions	$	489	$	329
Less:
Non-cash accruals	(2)		16
Right-of-use assets - finance leases	23		15
Cash paid for capital expenditures including deposits	$	468	$	298

Cash payments (receipts) for income taxes and interest are as follows:

	(In Millions)
	Six Months Ended June 30,
	2022		2021
Taxes paid on income	$	299	$	8
Income tax refunds	(1)		(15)
Interest paid on debt obligations net of capitalized interest1	133		148
1 Capitalized interest was $5 million and $3 million for the six months ended June 30, 2022 and 2021, respectively.