Quarterly report [Sections 13 or 15(d)]

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)

v3.26.3
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 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) September 30,
2026		 December 31,
2025
Product inventories
Finished and semi-finished goods $ 2,389  $ 2,401 
Raw materials 1,780  1,848 
Total product inventories 4,169  4,249 
Manufacturing supplies and critical spares 525  523 
Inventories $ 4,694  $ 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 
Costs incurred1
2  1  3 
Cash payments (12) (1) (13)
Balance as of June 30, 2026
 $ 47  $ 7  $ 54 
Costs incurred2
(1) 2  1 
Cash payments (12) (3) (15)
Balance as of September 30, 2026
 $ 34  $ 6  $ 40 
1 All $3 million of cost incurred was recorded in Restructuring and other charges.
2 All $1 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) 2026 2025
Capital additions $ 523  $ 488 
Less:
Non-cash accruals 14  (72)
Equipment financed with seller 12  60 
Right-of-use assets - finance leases 36  79 
Cash paid for capital expenditures including deposits $ 461  $ 421 
Cash payments (receipts) for income taxes and interest are as follows:
Nine Months Ended
September 30,
(In millions) 2026 2025
Income taxes paid $ 5  $ 5 
Income tax refunds (6) (18)
Interest paid on debt obligations net of capitalized interest1
411  341 
1 Capitalized interest was $11 million for both the nine months ended September 30, 2026 and 2025.