Quarterly report [Sections 13 or 15(d)]

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.25.3
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 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) September 30,
2025		 December 31,
2024
Product inventories
Finished and semi-finished goods $ 2,312  $ 2,393 
Raw materials 1,857  2,208 
Total product inventories 4,169  4,601 
Manufacturing supplies and critical spares 514  493 
Inventories $ 4,683  $ 5,094 
Schedule of Restructuring Reserve by Type of Cost
The following table represents a reconciliation of our accrued liabilities related to the discontinuation of certain product lines resulting from the indefinite idling of our Steelton rail production facility and Weirton tinplate production facility:
(In millions) Employee-Related Costs Exit Costs Asset Impairment Total
Balance as of December 31, 2024 $ 56  $ 15  $ —  $ 71 
Costs incurred1
—  3  —  3 
Cash payments (8) (9) —  (17)
Balance as of March 31, 2025 $ 48  $ 9  $ —  $ 57 
Costs incurred2
70  26  39  135 
Cash payments (7) (22) —  (29)
Non-cash —  —  (39) (39)
Balance as of June 30, 2025 $ 111  $ 13  $ —  $ 124 
Costs incurred3
$ —  $ 3  $ —  $ 3 
Cash payments (15) (6) —  (21)
Balance as of September 30, 2025 $ 96  $ 10  $ —  $ 106 
1 All $3 million of cost incurred was recorded in Restructuring and other charges.
2 Of the $135 million of cost incurred, $86 million was recorded in Restructuring and other charges, $39 million was recorded in Asset impairments, and $10 million was recorded in Net periodic benefit credits other than service cost component.
3 All $3 million of cost incurred was recorded in Restructuring and other charges.
Schedule of Supplemental Cash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
Nine Months Ended
September 30,
(In millions) 2025 2024
Capital additions $ 488  $ 557 
Less:
Non-cash accruals (72) (58)
Equipment financed with seller 60  50 
Right-of-use assets - finance leases 79  75 
Cash paid for capital expenditures including deposits $ 421  $ 490 
Cash payments (receipts) for income taxes and interest are as follows:
Nine Months Ended
September 30,
(In millions) 2025 2024
Income taxes paid $ 5  $ 13 
Income tax refunds (18) (5)
Interest paid on debt obligations net of capitalized interest1
341  193 
1 Capitalized interest was $11 million for both the nine months ended September 30, 2025 and 2024.