Quarterly report [Sections 13 or 15(d)]

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.25.1
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Inventory
The following table presents the detail of our Inventories on the Statements of Unaudited Condensed Consolidated Financial Position:
(In millions) March 31,
2025		 December 31,
2024
Product inventories
Finished and semi-finished goods $ 2,396  $ 2,393 
Raw materials 1,974  2,208 
Total product inventories 4,370  4,601 
Manufacturing supplies and critical spares 516  493 
Inventories $ 4,886  $ 5,094 
Schedule of Supplemental Cash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
Three Months Ended
March 31,
(In millions) 2025 2024
Capital additions $ 129  $ 157 
Less:
Non-cash accruals (68) (45)
Equipment financed with seller 16  — 
Right-of-use assets - finance leases 29  20 
Cash paid for capital expenditures including deposits $ 152  $ 182 
Cash payments (receipts) for income taxes and interest are as follows:
Three Months Ended
March 31,
(In millions) 2025 2024
Income taxes paid $ 1  $ 1 
Income tax refunds (5) (2)
Interest paid on debt obligations net of capitalized interest1
77  53 
1 Capitalized interest was $4 million for both the three months ended March 31, 2025 and 2024, respectively.