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NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION
Allowance for Credit Losses
The following is a roll forward of our allowance for credit losses associated with Accounts receivable, net:
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(In Millions) |
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2021 |
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2020 |
| Allowance for credit losses as of January 1 |
$ |
(5) |
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$ |
—Ìý |
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| Increase in allowance |
—Ìý
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(5) |
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| Allowance for credit losses as of September 30 |
$ |
(5) |
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|
$ |
(5) |
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Inventories
The following table presents the detail of our Inventories in the Statements of Unaudited Condensed Consolidated Financial Position:
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(In Millions) |
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September 30,
2021 |
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December 31,
2020 |
| Product inventories |
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| Finished and semi-finished goods |
$ |
2,510Ìý
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$ |
2,125Ìý |
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| Raw materials |
1,711Ìý
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1,431Ìý |
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| Total product inventories |
4,221Ìý
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3,556Ìý |
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| Manufacturing supplies and critical spares |
284Ìý
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272Ìý |
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| Inventories |
$ |
4,505Ìý
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$ |
3,828Ìý |
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Cash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
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(In Millions) |
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Nine Months Ended
September 30, |
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2021 |
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2020 |
| Capital additions |
$ |
572Ìý
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$ |
333Ìý |
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| Less: |
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| Non-cash accruals |
64Ìý
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(89) |
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| Right-of-use assets - finance leases |
35Ìý
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43Ìý |
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| Cash paid for capital expenditures including deposits |
$ |
473Ìý
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$ |
379Ìý |
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Cash payments (receipts) for income taxes and interest are as follows:
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(In Millions) |
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Nine Months Ended
September 30, |
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2021 |
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2020 |
| Taxes paid on income |
$ |
38Ìý
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$ |
3Ìý |
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| Income tax refunds |
(15) |
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(119) |
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Interest paid on debt obligations net of capitalized interest1
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231Ìý
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117Ìý |
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1 Capitalized interest was $4 million and $38 million for the nine months ended SeptemberÌý30, 2021 and 2020, respectively.
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