SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

3 Months Ended

Mar. 31, 2021

Disclosure Text Block [Abstract]

Supplementary Financial Statement Information

NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

Allowance for Credit Losses

The following is a roll forward of our allowance for credit losses associated with Accounts receivable, net:

	(In Millions)
	2021		2020
Allowance for credit losses as of January 1	$	(5)	$	—
Increase in allowance	(1)		(1)
Allowance for credit losses as of March 31	$	(6)	$	(1)

Inventories

The following table presents the detail of our Inventories in the Statements of Unaudited Condensed Consolidated Financial Position:

	(In Millions)
	March 31, 2021		December 31, 2020
Product inventories
Finished and semi-finished goods	$	2,296	$	2,125
Raw materials	1,372		1,431
Total product inventories	3,668		3,556
Manufacturing supplies and critical spares	264		272
Inventories	$	3,932	$	3,828

Cash Flow Information

A reconciliation of capital additions to cash paid for capital expenditures is as follows:

	(In Millions)
	Three Months Ended March 31,
	2021		2020
Capital additions	$	162	$	158
Less:
Non-cash accruals	23		(10)
Right-of-use assets - finance leases	3		30
Cash paid for capital expenditures including deposits	$	136	$	138

Cash payments (receipts) for income taxes and interest are as follows:

	(In Millions)
	Three Months Ended March 31,
	2021		2020
Taxes paid on income	$	3	$	—
Income tax refunds	(14)		(60)
Interest paid on debt obligations net of capitalized interest1	75		30
1 Capitalized interest was $1 million and $10 million for the three months ended March 31, 2021 and 2020, respectively.