XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.1

Supplemental Cash Flow Information | 3 Months Ended
--- | ---
Mar. 31, 2022
Supplemental Cash Flow Information [Abstract] |
SUPPLEMENTAL CASH FLOW INFORMATION | 10. SUPPLEMENTAL CASH FLOW INFORMATION In order to determine net cash provided by (used in) operating activities, net income (loss) is adjusted by, among other things, changes in current assets and current liabilities as follows (in millions):
| Three Months Ended March 31,
| 2022 |  | 2021
Decrease (increase) in current assets: |  |  |
Receivables, net | $ | (2,653) |  |  | $ | (2,946) |
Inventories | (940) |  |  | 175 |
Prepaid expenses and other | (77) |  |  | (24) |
Increase (decrease) in current liabilities: |  |  |
Accounts payable | 2,744 |  |  | 2,992 |
Accrued expenses | (120) |  |  | 105 |
Taxes other than income taxes payable | 36 |  |  | (144) |
Income taxes payable | 288 |  |  | 26 |
Changes in current assets and current liabilities | $ | (722) |  |  | $ | 184 |
Changes in current assets and current liabilities for the three months ended March 31, 2022 were primarily due to the following: •The increase in receivables was primarily due to an increase in refined petroleum product prices in March 2022 compared to December 2021; •The increase in inventories was primarily due to an increase in inventory unit prices and higher inventory levels in March 2022 compared to December 2021; and •The increase in accounts payable was due to an increase in crude oil and other feedstock prices in March 2022 compared to December 2021, partially offset by a decrease in crude oil and other feedstock volumes purchased. Changes in current assets and current liabilities for the three months ended March 31, 2021 were primarily due to the following: •The increase in receivables was primarily due to an increase in refined petroleum product prices in March 2021 compared to December 2020 combined with an increase in sales volumes; •The decrease in inventories was primarily due to lower inventory levels in March 2021 compared to December 2020; and •The increase in accounts payable was due to an increase in crude oil and other feedstock prices in March 2021 compared to December 2020 combined with an increase in crude oil and other feedstock volumes purchased. Cash flows related to interest and income taxes were as follows (in millions):
| Three Months Ended March 31,
| 2022 |  | 2021
Interest paid in excess of amount capitalized, including interest on finance leases | $ | 93 |  |  | $ | 103 |
Income taxes paid, net | 204 |  |  | 36 |
Supplemental cash flow information related to our operating and finance leases was as follows (in millions):
| Three Months Ended March 31,
| 2022 |  | 2021
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows | $ | 97 |  |  | $ | 20 |  |  | $ | 100 |  |  | $ | 18 |
Financing cash flows | — |  |  | 41 |  |  | — |  |  | 31 |
Changes in lease balances resulting from new and modified leases | 79 |  |  | 100 |  |  | 72 |  |  | 7 |
There were no significant noncash investing and financing activities during the three months ended March 31, 2022 and 2021, except as noted in the table above.

X
- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -URI http://asc.fasb.org/topic&trid=2134446 + Details
Name: | us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SupplementalCashFlowInformationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration