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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 109 $ 1,272
Restricted cash 0 10
Accounts receivable, net 909 753
Inventories, net 1,105 989
Current assets held for sale 10 807
Other current assets 96 88
Total Current Assets 2,229 3,919
Property, plant and equipment 13,383 10,708
Allowances for depreciation, depletion and amortization (4,773) (4,522)
Net property, plant and equipment 8,610 6,186
Goodwill 3,842 3,389
Other intangibles, net 713 698
Operating lease right-of-use assets, net 378 372
Other noncurrent assets 561 561
Total Assets 16,333 15,125
Current Liabilities:    
Accounts payable 304 343
Accrued salaries, benefits and payroll taxes 58 102
Accrued income taxes 158 6
Accrued other taxes 50 47
Accrued interest 41 41
Current maturities of long-term debt 400 400
Current operating lease liabilities 53 53
Current liabilities held for sale 0 18
Other current liabilities 132 160
Total Current Liabilities 1,196 1,170
Long-term debt 3,947 3,946
Deferred income taxes, net 1,110 874
Noncurrent operating lease liabilities 341 327
Noncurrent asset retirement obligations 397 383
Other noncurrent liabilities 502 389
Total Liabilities 7,493 7,089
Commitments and contingent liabilities - Note 9 0 0
Equity:    
Common stock, par value $0.01 per share (61,117,053 shares and 61,821,421 shares outstanding at June 30, 2024 and December 31, 2023, respectively) 1 1
Preferred stock, par value $0.01 per share 0 0
Additional paid-in capital 3,529 3,519
Accumulated other comprehensive loss (48) (49)
Retained earnings 5,356 4,563
Total Shareholders' Equity 8,838 8,034
Noncontrolling interests 2 2
Total Equity 8,840 8,036
Total Liabilities and Equity $ 16,333 $ 15,125