v3.22.2.2
Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 1,580 $ 2,134
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 788 664
Impairment of long-lived assets 29 1
Deferred income taxes 210 557
Pension and OPEB credits (81) (59)
Loss on extinguishment of debt 76 88
Amortization of inventory step-up 0 129
Other 75 79
Changes in operating assets and liabilities, net of business combination:    
Receivables and other assets (108) (1,166)
Inventories (348) (793)
Income taxes (109) (1)
Pension and OPEB payments and contributions (174) (279)
Payables, accrued expenses and other liabilities (4) 294
Net cash provided by operating activities 1,934 1,648
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (716) (473)
Other investing activities 20 5
Net cash used by investing activities (727) (414)
FINANCING ACTIVITIES    
Series B Redeemable Preferred Stock redemption 0 1,343
Proceeds from issuance of common shares 0 322
Repurchase of common shares (210) 0
Proceeds from issuance of debt 0 1,000
Repayments of debt (1,355) (1,346)
Borrowings under credit facilities 4,650 4,353
Repayments under credit facilities (4,169) (4,160)
Other financing activities (115) (130)
Net cash used by financing activities (1,199) (1,304)
Net increase (decrease) in cash and cash equivalents 8 (70)
Cash and cash equivalents at beginning of period 48 112
Cash and cash equivalents at end of period 56 42
ArcelorMittal USA    
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired 0 54
Ferrous Processing and Trading    
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired $ (31) $ 0

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