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SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure Text Block [Abstract]  
Schedule of Inventories
The following table presents the detail of our Inventories on the Statements of Consolidated Financial Position:
December 31,
(In millions)20252024
Product inventories
Finished and semi-finished goods$2,401 $2,393 
Raw materials1,848 2,208 
Total product inventories4,249 4,601 
Manufacturing supplies and critical spares523 493 
Inventories$4,772 $5,094 
Supplier Finance Program
The following is a roll-forward of our obligations related to supply chain finance programs classified in Other current liabilities:
(In millions)20252024
Supply chain finance obligations as of January 1$29 $21 
Invoices confirmed during the year212 230 
Confirmed invoices paid during the year(213)(222)
Supply chain finance obligations as of December 31$28 $29 
The following is a roll-forward of our obligations related to supply chain finance programs classified in Accounts payable:
(In millions)20252024
Supply chain finance obligations as of January 1$76 $91 
Invoices confirmed during the year363 375 
Confirmed invoices paid during the year(366)(390)
Supply chain finance obligations as of December 31$73 $76 
Schedule of Restructuring Reserve by Type of Cost
(In millions)Employee-Related CostsExit CostsAsset ImpairmentTotal
Balance as of December 31, 2023$— $— $— $— 
Costs incurred1
82 49 79 210
Cash payments(26)(34)— (60)
Non-cash— — (79)(79)
Balance as of December 31, 2024$56 $15 $— $71 
Costs incurred2
59 32 39 130
Cash payments(45)(39)— (84)
Non-cash— — (39)(39)
Balance as of December 31, 2025
$70 $8 $— $78 
1 Of the $210 million of cost incurred, $129 million was recorded in Restructuring and other charges, $79 million was recorded in Asset impairment and $2 million was recorded in Net periodic benefit credits other than service cost component.
2 Of the $130 million of cost incurred, $86 million was recorded in Restructuring and other charges, $39 million was recorded in Asset impairment and $5 million was recorded in Net periodic benefit credits other than service cost component.
Schedule of Cash Flow, Supplemental Disclosures
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
Year Ended December 31,
(In millions)202520242023
Capital additions$680 $817 $785 
Less:
Non-cash accruals(41)(47)(13)
Equipment financed with seller73 72 59 
Right-of-use assets - finance leases87 97 93 
Cash paid for capital expenditures including deposits$561 $695 $646 
Additionally, included within Other investing activities on the Statements of Consolidated Cash Flows are grant reimbursements related to governmental funded capital projects. For the years ended December 31, 2025, 2024 and 2023, grant reimbursements were $12 million, $8 million and $13 million, respectively.
Cash payments (receipts) for interest and income taxes are as follows:
Year Ended December 31,
(In millions)202520242023
Income taxes paid$7 $17 $94 
Income tax refunds(23)(47)(205)
Interest paid on debt obligations net of capitalized interest1
459 255 256 
1 Capitalized interest was $15 million, $15 million and $12 million for the years ended December 31, 2025, 2024 and 2023, respectively.
The components of cash payments in excess of refunds received (refunds in excess of payments made) by jurisdiction are as follows:
Year Ended December 31,
(In millions)202520242023
U.S. Federal
$— 
State
Illinois(6)
Michigan(3)
Alabama(2)
Ohio(1)
State total(12)
Foreign
Canada(5)
Other1 
Foreign total(4)
Total refunds in excess of payments made$(16)
Total refunds in excess of payments made (prior to ASU 2023-09)$(30)$(111)
Schedule of Noncash or Part Noncash Acquisitions
Other non-cash investing and financing activities are as follows:
Year Ended December 31,
(In millions)202520242023
Fair value of common shares issued as part of consideration in connection with the Stelco Acquisition $— $343 $—