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Quarterly report pursuant to Section 13 or 15(d)

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION

v3.22.2
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION
6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION
NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION
Allowance for Credit Losses
The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
(In Millions)
2022 2021
Allowance for credit losses as of January 1 $ (4) $ (5)
Decrease in allowance 1 鈥斕�
Allowance for credit losses as of June 30 $ (3) $ (5)
Inventories
The following table presents the detail of our Inventories in the Statements of Unaudited Condensed Consolidated Financial Position:
(In Millions)
June 30,
2022
December 31,
2021
Product inventories
Finished and semi-finished goods $ 3,081 $ 2,814听
Raw materials 2,370 2,070听
Total product inventories 5,451 4,884听
Manufacturing supplies and critical spares 333 304听
Inventories $ 5,784 $ 5,188听
Cash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
(In Millions)
Six Months Ended
June 30,
2022 2021
Capital additions $ 489 $ 329听
Less:
Non-cash accruals (2) 16听
Right-of-use assets - finance leases 23 15听
Cash paid for capital expenditures including deposits $ 468 $ 298听
Cash payments (receipts) for income taxes and interest are as follows:
(In Millions)
Six Months Ended
June 30,
2022 2021
Taxes paid on income $ 299 $ 8听
Income tax refunds (1) (15)
Interest paid on debt obligations net of capitalized interest1
133 148听
1 Capitalized interest was $5 million and $3 million for the six months ended June听30, 2022 and 2021, respectively.