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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 225 $ 670
Restricted cash 11 0
Accounts receivable, net 904 678
Inventories, net 1,155 1,115
Other current assets 98 79
Total Current Assets 2,393 2,542
Property, plant and equipment 15,354 15,086
Allowances for depreciation, depletion and amortization (5,227) (4,977)
Net property, plant and equipment 10,127 10,109
Goodwill 3,777 3,767
Other intangibles, net 713 730
Operating lease right-of-use assets, net 379 376
Other noncurrent assets 681 646
Total Assets 18,070 18,170
Current Liabilities:    
Accounts payable 336 375
Accrued salaries, benefits and payroll taxes 62 73
Accrued income taxes 156 102
Accrued other taxes 65 50
Accrued interest 39 45
Current maturities of long-term debt 125 125
Current operating lease liabilities 62 56
Other current liabilities 174 190
Total Current Liabilities 1,019 1,016
Long-term debt 5,291 5,288
Deferred income taxes, net 1,178 1,169
Noncurrent operating lease liabilities 331 335
Noncurrent asset retirement obligations 344 423
Other noncurrent liabilities 541 483
Total Liabilities 8,704 8,714
Commitments and contingent liabilities - Note 9 0 0
Equity:    
Common stock, par value $0.01 per share (60,305,739 shares and 61,126,646 shares outstanding at June 30, 2025 and December 31, 2024, respectively) 1 1
Preferred stock, par value $0.01 per share 0 0
Additional paid-in capital 3,562 3,550
Accumulated other comprehensive loss (9) (13)
Retained earnings 5,809 5,915
Total Shareholders' Equity 9,363 9,453
Noncontrolling interests 3 3
Total Equity 9,366 9,456
Total Liabilities and Equity $ 18,070 $ 18,170