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Annual report pursuant to Section 13 and 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.22.0.1
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2021
Disclosure Text Block [Abstract] Ìý
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)
2021 2020
Allowance for credit losses as of January 1 $ (5) $ —Ìý
Decrease (increase) in allowance 1Ìý (5)
Allowance for credit losses as of December 31 $ (4) $ (5)
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,
2021 2020
Product inventories
Finished and semi-finished goods $ 2,814Ìý $ 2,125Ìý
Raw materials 2,070Ìý 1,431Ìý
Total product inventories 4,884Ìý 3,556Ìý
Manufacturing supplies and critical spares 304Ìý 272Ìý
Inventories $ 5,188Ìý $ 3,828Ìý
Schedule of Cash Flow, Supplemental Disclosures
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
(In Millions)
Year Ended December 31,
2021 2020 2019
Capital additions $ 857Ìý $ 483Ìý $ 690Ìý
Less:
Non-cash accruals 102Ìý (86) 15Ìý
Right-of-use assets - finance leases 50Ìý 44Ìý 29Ìý
Grants —Ìý —Ìý (10)
Cash paid for capital expenditures including deposits $ 705Ìý $ 525Ìý $ 656Ìý
Cash payments (receipts) for interest and income taxes are as follows:
(In Millions)
2021 2020 2019
Taxes paid on income $ 166Ìý $ 5Ìý $ —Ìý
Income tax refunds (16) (120) (118)
Interest paid on debt obligations net of capitalized interest1
299Ìý 170Ìý 98Ìý
1 Capitalized interest was $6 million, $53 million and $25 million for the years ended DecemberÌý31, 2021, 2020 and 2019, respectively.
Schedule of Noncash or Part Noncash Acquisitions
Other Non-Cash Investing and Financing Activities
(In Millions)
2021 2020 2019
Fair value of settlement of a pre-existing relationship as part of consideration in connection with FPT Acquisition $ (20) $ —Ìý $ —Ìý
Fair value of common shares issued as part of consideration in connection with AM USA Transaction —Ìý 990Ìý —Ìý
Fair value of Series B Participating Redeemable Preferred Stock issued as part of consideration in connection with AM USA Transaction —Ìý 738Ìý —Ìý
Fair value of settlement of a pre-existing relationship as part of consideration in connection with AM USA Transaction —Ìý 237Ìý —Ìý
Fair value of common shares issued as consideration in connection with AK Steel Merger —Ìý 618Ìý —Ìý
Fair value of equity awards assumed in connection with AK Steel Merger —Ìý 4Ìý —Ìý