v3.24.2
Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income (loss) $ (44) $ 314
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation, depletion and amortization 458 489
Restructuring and other charges 129 0
Asset impairments 79 0
Pension and OPEB credits (104) (79)
Loss on extinguishment of debt 27 0
Other 47 90
Changes in operating assets and liabilities:    
Accounts receivable, net 67 (333)
Inventories 227 403
Income taxes (12) 169
Pension and OPEB payments and contributions (62) (58)
Payables, accrued employment and accrued expenses (176) (78)
Other, net 25 (69)
Net cash provided by operating activities 661 848
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (339) (319)
Other investing activities 8 9
Net cash used by investing activities (331) (310)
FINANCING ACTIVITIES    
Repurchase of common shares (733) (94)
Proceeds from issuance of senior notes 825 750
Repayments of senior notes (845) 0
Borrowings (repayments) under credit facilities, net 370 (1,031)
Debt issuance costs (13) (34)
Other financing activities (22) (121)
Net cash used by financing activities (418) (530)
Net increase (decrease) in cash and cash equivalents (88) 8
Cash and cash equivalents at beginning of period 198 26
Cash and cash equivalents at end of period $ 110 $ 34

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