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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 670 $ 1,272
Restricted cash 0 10
Accounts receivable, net 678 753
Inventories, net 1,115 989
Current assets held for sale 8 807
Other current assets 71 88
Total Current Assets 2,542 3,919
Property, plant and equipment, net 10,109 6,186
Goodwill acquired 3,767 3,389
Other intangibles, net 730 698
Operating lease right-of-use assets, net 376 372
Other noncurrent assets 646 561
Total Assets 18,170 15,125
Current Liabilities:    
Accounts payable 375 343
Accrued salaries, benefits and payroll taxes 73 102
Accrued income taxes 102 6
Accrued other taxes 50 47
Accrued interest 45 41
Current maturities of long-term debt 125 400
Current operating lease liabilities 56 53
Other current liabilities 190 178
Total Current Liabilities 1,016 1,170
Long-term debt 5,288 3,946
Deferred income taxes, net 1,169 874
Noncurrent operating lease liabilities 335 327
Noncurrent asset retirement obligations 423 383
Other noncurrent liabilities 483 389
Total Liabilities 8,714 7,089
Commitments and Contingent Liabilities - Note N
Equity:    
Common stock ($0.01 par value; 100,000,000 shares authorized; 61,126,646 shares and 61,821,421 shares outstanding at December 31 , 2024 and 2023, respectively) 1 1
Preferred stock ($0.01 par value; 10,000,000 shares authorized; no shares outstanding) 0 0
Additional paid-in capital 3,550 3,519
Accumulated other comprehensive loss (13) (49)
Retained earnings 5,915 4,563
Total Shareholders’ Equity 9,453 8,034
Noncontrolling interests 3 2
Total Equity 9,456 8,036
Total Liabilities and Equity $ 18,170 $ 15,125