SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Text Block [Abstract]

Roll-forward of 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)	$	—
Decrease (increase) in allowance	1		(5)
Allowance for credit losses as of December 31	$	(4)	$	(5)

Schedule Of Inventories

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

	(In Millions)
	Year Ended December 31,
	2021		2020
Product inventories
Finished and semi-finished goods	$	2,814	$	2,125
Raw materials	2,070		1,431
Total product inventories	4,884		3,556
Manufacturing supplies and critical spares	304		272
Inventories	$	5,188	$	3,828

Schedule of Cash Flow, Supplemental Disclosures

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

	(In Millions)
	Year Ended December 31,
	2021		2020		2019
Capital additions	$	857	$	483	$	690
Less:
Non-cash accruals	102		(86)		15
Right-of-use assets - finance leases	50		44		29
Grants	—		—		(10)
Cash paid for capital expenditures including deposits	$	705	$	525	$	656

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

	(In Millions)
	2021		2020		2019
Taxes paid on income	$	166	$	5	$	—
Income tax refunds	(16)		(120)		(118)
Interest paid on debt obligations net of capitalized interest1	299		170		98
1 Capitalized interest was $6 million, $53 million and $25 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Schedule of Noncash or Part Noncash Acquisitions

Other Non-Cash Investing and Financing Activities

	(In Millions)
	2021		2020		2019
Fair value of settlement of a pre-existing relationship as part of consideration in connection with FPT Acquisition	$	(20)	$	—	$	—
Fair value of common shares issued as part of consideration in connection with AM USA Transaction	—		990		—
Fair value of Series B Participating Redeemable Preferred Stock issued as part of consideration in connection with AM USA Transaction	—		738		—
Fair value of settlement of a pre-existing relationship as part of consideration in connection with AM USA Transaction	—		237		—
Fair value of common shares issued as consideration in connection with AK Steel Merger	—		618		—
Fair value of equity awards assumed in connection with AK Steel Merger	—		4		—