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Quarterly report pursuant to Section 13 or 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.24.3
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] Ìý
Schedule of Allowance for Credit Losses
The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
(In millions) 2024 2023
Allowance for credit losses as of January 1 $ (5) $ (4)
Decrease (increase) in allowance 1Ìý (3)
Allowance for credit losses as of September 30 $ (4) $ (7)
Schedule of Inventory
The following table presents the detail of our Inventories on the Statements of Unaudited Condensed Consolidated Financial Position:
(In millions) September 30,
2024		 December 31,
2023
Product inventories
Finished and semi-finished goods $ 2,319Ìý $ 2,573Ìý
Raw materials 1,486Ìý 1,476Ìý
Total product inventories 3,805Ìý 4,049Ìý
Manufacturing supplies and critical spares 431Ìý 411Ìý
Inventories $ 4,236Ìý $ 4,460Ìý
Schedule of Reconciliation of Accrued Liabilities
The following table represents a reconciliation of our accrued liabilities related to the Weirton indefinite idle:
(In millions) Employee- Related Costs Exit Costs Asset Impairment Total
Balance as of December 31, 2023 $ —Ìý $ —Ìý $ —Ìý $ —Ìý
Costs incurred1
58Ìý 48Ìý 64Ìý 170Ìý
Cash payments —Ìý (2) —Ìý (2)
Non-cash —Ìý —Ìý (64) (64)
Balance as of March 31, 2024 $ 58Ìý $ 46Ìý $ —Ìý $ 104Ìý
Costs incurred2
23Ìý 2Ìý 15Ìý 40Ìý
Cash payments (8) (10) —Ìý (18)
Non-cash —Ìý —Ìý (15) (15)
Balance as of June 30, 2024 $ 73Ìý $ 38Ìý $ —Ìý $ 111Ìý
Costs incurred3
—Ìý 2Ìý —Ìý 2Ìý
Cash payments (10) (11) —Ìý (21)
Balance as of September 30, 2024 $ 63Ìý $ 29Ìý $ —Ìý $ 92Ìý
1 Of the $170 million of cost incurred, $104Ìýmillion was recorded in Restructuring and other charges, $64 million was recorded in Asset impairments and $2 million was recorded in Net periodic benefit credits other than service cost component.
2 Of the $40 million of costs incurred, $25Ìýmillion was recorded in Restructuring and other charges and $15 million was recorded in Asset impairments.
3 Costs incurred of $2 million were recorded in Restructuring and other charges.
Schedule of Supplemental Cash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
Nine Months Ended
September 30,
(In millions) 2024 2023
Capital additions $ 557Ìý $ 508Ìý
Less:
Non-cash accruals (58) (98)
Equipment financed with seller 50Ìý 47Ìý
Right-of-use assets - finance leases 75Ìý 78Ìý
Cash paid for capital expenditures including deposits $ 490Ìý $ 481Ìý
Cash payments (receipts) for income taxes and interest are as follows:
Nine Months Ended
September 30,
(In millions) 2024 2023
Income taxes paid $ 13Ìý $ 91Ìý
Income tax refunds (5) (142)
Interest paid on debt obligations net of capitalized interest1
193Ìý 202Ìý
1 Capitalized interest was $11 million and $8 million for the nine months ended SeptemberÌý30, 2024 and 2023, respectively.