SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

6 Months Ended

Jun. 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	—		(3)
Allowance for credit losses as of June 30	$	(5)	$	(7)

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, 2024		December 31, 2023
Product inventories
Finished and semi-finished goods	$	2,275	$	2,573
Raw materials	1,508		1,476
Total product inventories	3,783		4,049
Manufacturing supplies and critical spares	416		411
Inventories	$	4,199	$	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
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.

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)	2024		2023
Capital additions	$	346	$	290
Less:
Non-cash accruals	(47)		(89)
Right-of-use assets - finance leases	54		60
Cash paid for capital expenditures including deposits	$	339	$	319

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

	Six Months Ended June 30,
(In millions)	2024		2023
Income taxes paid	$	10	$	37
Income tax refunds	(4)		(138)
Interest paid on debt obligations net of capitalized interest1	134		142
1 Capitalized interest was $8 million and $6 million for the six months ended June 30, 2024 and 2023, respectively.