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Annual report pursuant to Section 13 and 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.20.4
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure Text Block [Abstract] Ìý
Accounts Receivable, Allowance for Credit Loss
The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
(In Millions)
2020 2019
Allowance for credit losses as of January 1 $ —Ìý $ —Ìý
Increase in allowance (5) —Ìý
Allowance for credit losses as of December 31 $ (5) $ —Ìý
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,
2020 2019
Product inventories
Finished and semi-finished goods $ 2,125Ìý $ 114Ìý
Work-in-process —Ìý 69Ìý
Raw materials 1,431Ìý 9Ìý
Total product inventories 3,556Ìý 192Ìý
Manufacturing supplies and critical spares 272Ìý 125Ìý
Inventories $ 3,828Ìý $ 317Ìý
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
(In Millions)
Year Ended December 31,
2020 2019 2018
Capital additions $ 483Ìý $ 690Ìý $ 395Ìý
Less:
Non-cash accruals (86) 15Ìý 94Ìý
Right-of-use assets - finance leases 44Ìý 29Ìý 8Ìý
Grants —Ìý (10) (3)
Cash paid for capital expenditures including deposits $ 525Ìý $ 656Ìý $ 296Ìý
Cash payments (receipts) for interest and income taxes are as follows:
(In Millions)
2020 2019 2018
Taxes paid on income $ 5Ìý $ —Ìý $ 3Ìý
Income tax refunds (120) (118) (11)
Interest paid on debt obligations net of capitalized interest1
170Ìý 98Ìý 106Ìý
1 Capitalized interest was $53 million, $25 million and $7 million for the years ended DecemberÌý31, 2020, 2019 and 2018, respectively.
Schedule of Noncash or Part Noncash Acquisitions
Non-Cash Investing and Financing Activities
(In Millions)
2020 2019 2018
Fair value of common shares issued as part of consideration in connection with AM USA Transaction $ 990Ìý $ —Ìý $ —Ìý
Fair value of Series B Participating Redeemable Preferred Stock issued as part of consideration in connection with AM USA Transaction 738Ìý —Ìý —Ìý
Fair value of settlement of a pre-existing relationship as part of consideration in connection with AM USA Transaction 237Ìý —Ìý —Ìý
Fair value of common shares issued as consideration in connection with AK Steel Merger 618Ìý —Ìý —Ìý
Fair value of equity awards assumed in connection with AK Steel Merger 4Ìý —Ìý —Ìý