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.