v3.22.1
Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 814 $ 57
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation, depletion and amortization 301 217
Impairment of long-lived assets 29 0
Pension and OPEB credits (27) (21)
Loss on extinguishment of debt 14 66
Amortization of inventory step-up 0 81
Other 82 26
Changes in operating assets and liabilities, net of business combination:    
Receivables and other assets (441) (480)
Inventories (372) (172)
Pension and OPEB payments and contributions (60) (175)
Payables, accrued expenses and other liabilities 193 22
Net cash provided (used) by operating activities 533 (379)
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (236) (136)
Other investing activities 1 1
Net cash used by investing activities (235) (135)
FINANCING ACTIVITIES    
Proceeds from issuance of common shares 0 322
Repurchase of common shares (19) 0
Proceeds from issuance of debt 0 1,000
Repayments of debt (360) (902)
Borrowings under credit facilities 1,715 1,158
Repayments under credit facilities (1,609) (1,010)
Other financing activities (38) (56)
Net cash provided (used) by financing activities (311) 512
Net decrease in cash and cash equivalents (13) (2)
Cash and cash equivalents at beginning of period 48 112
Cash and cash equivalents at end of period $ 35 $ 110

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