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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 2,648 $ 1,272
Restricted cash 2 10
Accounts receivable, net 703 753
Inventories, net 1,077 989
Current assets held for sale 18 807
Other current assets 70 88
Total Current Assets 4,518 3,919
Property, plant and equipment 11,257 10,708
Allowances for depreciation, depletion and amortization (4,657) (4,522)
Net property, plant and equipment 6,600 6,186
Goodwill 3,479 3,389
Other intangibles, net 702 698
Operating lease right-of-use assets, net 382 372
Other noncurrent assets 559 561
Total Assets 16,240 15,125
Current Liabilities:    
Accounts payable 266 343
Accrued salaries, benefits and payroll taxes 37 102
Accrued income taxes 457 6
Accrued other taxes 37 47
Accrued interest 40 41
Current maturities of long-term debt 400 400
Current operating lease liabilities 52 53
Current liabilities held for sale 0 18
Other current liabilities 140 160
Total Current Liabilities 1,429 1,170
Long-term debt 3,947 3,946
Deferred income taxes, net 865 874
Noncurrent operating lease liabilities 344 327
Noncurrent asset retirement obligations 388 383
Other noncurrent liabilities 390 389
Total Liabilities 7,363 7,089
Equity:    
Common stock, par value $0.01per share (61,639,965 shares and 61,821,421 shares outstanding at March 31, 2024 and December 31, 2023, respectively) 1 1
Preferred stock, par value $0.01 per share 0 0
Additional paid-in capital 3,512 3,519
Accumulated other comprehensive loss (49) (49)
Retained earnings 5,411 4,563
Total Shareholders' Equity 8,875 8,034
Noncontrolling interests 2 2
Total Equity 8,877 8,036
Total Liabilities and Equity $ 16,240 $ 15,125