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Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATIONS (Tables)

v3.23.2
ASSET RETIREMENT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2023
Asset Retirement Obligation [Abstract]
Summary Of Asset Retirement Obligations
The following is a summary of our asset retirement obligations:
(In millions) June 30,
2023
December 31,
2022
Asset retirement obligations1
$ 525 $ 520听
Less: current portion 21 21听
Long-term asset retirement obligations $ 504 $ 499听
1 Includes $278 million and $277 million related to our active operations as of June听30, 2023 and December听31, 2022, respectively.
Schedule of Change in Asset Retirement Obligation
The following is a roll forward of our asset retirement obligation liability:
(In millions) 2023 2022
Asset retirement obligation as of January 1 $ 520 $ 449听
Accretion expense 13 15听
Reclassification from environmental obligations 鈥� 63听
Revision in estimated cash flows 1 21听
Remediation payments (9) (16)
Asset retirement obligation as of June 30 $ 525 $ 532听