SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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


(In millions)	September 30, 2025		December 31, 2024
Product inventories
Finished and semi-finished goods	$	2,312	$	2,393
Raw materials	1,857		2,208
Total product inventories	4,169		4,601
Manufacturing supplies and critical spares	514		493
Inventories	$	4,683	$	5,094

Schedule of Restructuring Reserve by Type of Cost

The following table represents a reconciliation of our accrued liabilities related to the discontinuation of certain product lines resulting from the indefinite idling of our Steelton rail production facility and Weirton tinplate production facility:


(In millions)	Employee-Related Costs		Exit Costs		Asset Impairment		Total
Balance as of December 31, 2024	$	56	$	15	$	—	$	71
Costs incurred1	—		3		—		3
Cash payments	(8)		(9)		—		(17)

Balance as of March 31, 2025	$	48	$	9	$	—	$	57
Costs incurred2	70		26		39		135
Cash payments	(7)		(22)		—		(29)
Non-cash	—		—		(39)		(39)
Balance as of June 30, 2025	$	111	$	13	$	—	$	124
Costs incurred3	$	—	$	3	$	—	$	3
Cash payments	(15)		(6)		—		(21)

Balance as of September 30, 2025	$	96	$	10	$	—	$	106

1 All $3 million of cost incurred was recorded in Restructuring and other charges.
2 Of the $135 million of cost incurred, $86 million was recorded in Restructuring and other charges, $39 million was recorded in Asset impairments, and $10 million was recorded in Net periodic benefit credits other than service cost component.
3 All $3 million of cost incurred was 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)	2025		2024
Capital additions	$	488	$	557
Less:
Non-cash accruals	(72)		(58)
Equipment financed with seller	60		50
Right-of-use assets - finance leases	79		75
Cash paid for capital expenditures including deposits	$	421	$	490

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


	Nine Months Ended September 30,
(In millions)	2025		2024
Income taxes paid	$	5	$	13
Income tax refunds	(18)		(5)
Interest paid on debt obligations net of capitalized interest1	341		193

1 Capitalized interest was $11 million for both the nine months ended September 30, 2025 and 2024.