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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Cash Flows

v3.23.1
Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES Ìý Ìý
Net income (loss) $ (42) $ 814
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: Ìý Ìý
Depreciation, depletion and amortization 242 301
Impairment of long-lived assets 0 29
Deferred income taxes (4) 57
Pension and OPEB credits (40) (27)
Loss on extinguishment of debt 0 14
Other 39 25
Changes in operating assets and liabilities: Ìý Ìý
Accounts receivable, net (257) (512)
Inventories 207 (372)
Income taxes 15 180
Pension and OPEB payments and contributions (30) (60)
Payables, accrued employment and accrued expenses (90) 109
Other, net (79) (25)
Net cash provided (used) by operating activities (39) 533
INVESTING ACTIVITIES Ìý Ìý
Purchase of property, plant and equipment (188) (236)
Other investing activities 3 1
Net cash used by investing activities (185) (235)
FINANCING ACTIVITIES Ìý Ìý
Repurchase of common shares 0 (19)
Repayments of debt 0 (360)
Borrowings under credit facilities 1,646 1,715
Repayments under credit facilities (1,339) (1,609)
Other financing activities (50) (38)
Net cash provided (used) by financing activities 257 (311)
Net increase (decrease) in cash and cash equivalents 33 (13)
Cash and cash equivalents at beginning of period 26 48
Cash and cash equivalents at end of period $ 59 $ 35