Supplemental Cash Flow Information (Tables)

3 Months Ended

Mar. 31, 2024

Supplemental Cash Flow Elements [Abstract]

Schedule of Cash Flows Related to Income Taxes, Interest, Leases, Capital Expenditures, and Deferred Financing Costs included in Accounts Payable, and Non-Cash Dividends

Cash flows related to income taxes, interest, leases, capital expenditures and deferred financing costs included in accounts payable were as follows:

	Three Months Ended March 31,
(in millions)	2024		2023
Supplemental disclosures:
Cash paid for income taxes, net of refunds	$	26	$	4
Cash paid for interest	36		29
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	4		4
Operating cash flows from finance leases	1		1
Financing cash flows from finance leases	2		1
Noncash investing and financing activities:
Change in capital expenditures included in accounts payable (1)	4		4
Change in turnaround expenditures included in accounts payable	27		32
ROU assets obtained in exchange for new or modified operating lease liabilities	4		9

(1)Capital expenditures are shown exclusive of capitalized turnaround expenditures.

Schedule of Cash and Cash Equivalents

Cash, cash equivalents and restricted cash consisted of the following:

(in millions)	March 31, 2024		December 31, 2023
Cash and cash equivalents	$	644	$	581
Reserved funds (1)	—		598
Restricted cash (2)	—		7
Cash, cash equivalents and restricted cash	$	644	$	1,186

(1)Funds reserved for the redemption of the 2025 Notes in February 2024. See Note 8 (“Long-Term Debt and Finance Lease Obligations”) for further discussion.

(2)Restricted funds were released and paid in February 2024. See Note 13 (“Commitments and Contingencies”) for further discussion.

Schedule of Restricted Cash

Cash, cash equivalents and restricted cash consisted of the following:

(in millions)	March 31, 2024		December 31, 2023
Cash and cash equivalents	$	644	$	581
Reserved funds (1)	—		598
Restricted cash (2)	—		7
Cash, cash equivalents and restricted cash	$	644	$	1,186

(1)Funds reserved for the redemption of the 2025 Notes in February 2024. See Note 8 (“Long-Term Debt and Finance Lease Obligations”) for further discussion.

(2)Restricted funds were released and paid in February 2024. See Note 13 (“Commitments and Contingencies”) for further discussion.