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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 101 $ 670
Accounts receivable, net 733 678
Inventories, net 1,173 1,115
Other current assets 96 79
Total Current Assets 2,103 2,542
Property, plant and equipment 15,187 15,086
Allowances for depreciation, depletion and amortization (5,092) (4,977)
Net property, plant and equipment 10,095 10,109
Goodwill 3,773 3,767
Other intangibles, net 721 730
Operating lease right-of-use assets, net 379 376
Other noncurrent assets 653 646
Total Assets 17,724 18,170
Current Liabilities:    
Accounts payable 298 375
Accrued salaries, benefits and payroll taxes 41 73
Accrued income taxes 125 102
Accrued other taxes 50 50
Accrued interest 69 45
Current maturities of long-term debt 125 125
Current operating lease liabilities 59 56
Other current liabilities 168 190
Total Current Liabilities 935 1,016
Long-term debt 5,289 5,288
Deferred income taxes, net 1,172 1,169
Noncurrent operating lease liabilities 334 335
Noncurrent asset retirement obligations 373 423
Other noncurrent liabilities 537 483
Total Liabilities 8,640 8,714
Commitments and contingent liabilities - Note 9 0 0
Equity:    
Common stock, par value $0.01 per share (60,278,790 shares and 61,126,646 shares outstanding at March 31, 2025 and December 31, 2024, respectively) 1 1
Preferred stock, par value $0.01 per share 0 0
Additional paid-in capital 3,563 3,550
Accumulated other comprehensive loss (12) (13)
Retained earnings 5,529 5,915
Total Shareholders' Equity 9,081 9,453
Noncontrolling interests 3 3
Total Equity 9,084 9,456
Total Liabilities and Equity $ 17,724 $ 18,170