Quarterly report [Sections 13 or 15(d)]

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.26.1
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2026
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,
2026		 December 31,
2025
Product inventories
Finished and semi-finished goods $ 2,379  $ 2,401 
Raw materials 1,692  1,848 
Total product inventories 4,071  4,249 
Manufacturing supplies and critical spares 520  523 
Inventories $ 4,591  $ 4,772 
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 Total
Balance as of December 31, 2025
 $ 70  $ 8  $ 78 
Cash payments (13) (1) (14)
Balance as of March 31, 2026
 $ 57  $ 7  $ 64 
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) 2026 2025
Capital additions $ 126  $ 129 
Less:
Non-cash accruals (37) (68)
Equipment financed with seller 5  16 
Right-of-use assets - finance leases 6  29 
Cash paid for capital expenditures including deposits $ 152  $ 152 
Cash payments (receipts) for income taxes and interest are as follows:
Three Months Ended
March 31,
(In millions) 2026 2025
Income taxes paid $ 1  $ 1 
Income tax refunds (4) (5)
Interest paid on debt obligations net of capitalized interest1
138  77 
1 Capitalized interest was $4 million for both the three months ended March 31, 2026 and 2025.