SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021
Allowance for credit losses as of January 1	$	(4)	$	(5)
Decrease in allowance	—		1
Allowance for credit losses as of December 31	$	(4)	$	(4)

Schedule Of Inventories

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

	December 31,
(In millions)	2022		2021
Product inventories
Finished and semi-finished goods	$	2,971	$	2,814
Raw materials	1,794		2,070
Total product inventories	4,765		4,884
Manufacturing supplies and critical spares	365		304
Inventories	$	5,130	$	5,188

Schedule of Cash Flow, Supplemental Disclosures

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

	Year Ended December 31,
(In millions)	2022		2021		2020
Capital additions	$	1,033	$	857	$	483
Less:
Non-cash accruals	35		102		(86)
Right-of-use assets - finance leases	55		50		44
Cash paid for capital expenditures including deposits	$	943	$	705	$	525

Additionally, included within Other investing activities on the Statements of Consolidated Cash Flows are grant reimbursements related to governmental funded capital projects. For the years ended December 31, 2022 and 2021, grant reimbursements were $27 million and $2 million, respectively.

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

	Year Ended December 31,
(In millions)	2022		2021		2020
Taxes paid on income	$	334	$	166	$	5
Income tax refunds	(3)		(16)		(120)
Interest paid on debt obligations net of capitalized interest1	249		299		170
1 Capitalized interest was $9 million, $6 million and $53 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Schedule of Noncash or Part Noncash Acquisitions

Other non-cash investing and financing activities are as follows:

	Year Ended December 31,
(In millions)	2022		2021		2020
1.500% 2025 Convertible Senior Notes redemption	$	25	$	—	$	—
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