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Supplemental Cash Flow Information | 12 Months Ended
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Dec. 31, 2024
Supplemental Cash Flow Information [Abstract] |
SUPPLEMENTAL CASH FLOW INFORMATION | 18. SUPPLEMENTAL CASH FLOW INFORMATION In order to determine net cash provided by operating activities, net income is adjusted by, among other things, changes in current assets and current liabilities as follows (in millions):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Decrease (increase) in current assets: |  |  |  |  |
Receivables, net | $ | 1,562 |  |  | $ | (387) |  |  | $ | (1,619) |
Inventories | (286) |  |  | (684) |  |  | (672) |
Prepaid expenses and other | 320 |  |  | (34) |  |  | (180) |
Increase (decrease) in current liabilities: |  |  |  |  |
Accounts payable | (430) |  |  | (169) |  |  | 521 |
Accrued expenses | (168) |  |  | (50) |  |  | (5) |
Taxes other than income taxes payable | (57) |  |  | (226) |  |  | 98 |
Income taxes payable | (146) |  |  | (776) |  |  | 231 |
Changes in current assets and current liabilities | $ | 795 |  |  | $ | (2,326) |  |  | $ | (1,626) |
Changes in current assets and current liabilities for the year ended December 31, 2024 were primarily due to the following: •The decrease in receivables was due to a decrease in refined petroleum product prices combined with a decrease in related sales volumes in December 2024 compared to December 2023; •The increase in inventories was primarily due to an increase in inventory volumes in December 2024 compared to December 2023; and •The decrease in accounts payable was due to a decrease in crude oil and other feedstock prices in December 2024 compared to December 2023, partially offset by an increase in related volumes purchased. Changes in current assets and current liabilities for the year ended December 31, 2023 were primarily due to the following: •The increase in receivables was primarily due to an increase in refined petroleum product sales volumes in December 2023 compared to December 2022, partially offset by a decrease in related prices; •The increase in inventories was primarily due to an increase in inventory volumes in December 2023 compared to December 2022; •The decrease in accounts payable was due to a decrease in crude oil and other feedstock prices in December 2023 compared to December 2022, partially offset by an increase in related volumes purchased; and •The decrease in income taxes payable was primarily due to income tax payments made during the year ended December 31, 2023. Changes in current assets and current liabilities for the year ended December 31, 2022 were primarily due to the following: •The increase in receivables was primarily due to an increase in refined petroleum product prices in December 2022 compared to December 2021; •The increase in inventories was primarily due to an increase in inventory volumes associated with the DGD Port Arthur Plant, which commenced operations in the fourth quarter of 2022; and •The increase in accounts payable was primarily due to an increase in feedstock volumes purchased for the start-up of the DGD Port Arthur Plant in December 2022 compared to December 2021. Cash flows related to interest and income taxes were as follows (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Interest paid in excess of amount capitalized, including interest on finance leases |  | $ | 556 |  |  | $ | 562 |  |  | $ | 570 |
Income taxes paid, net (see Note 15) |  | 843 |  |  | 3,494 |  |  | 3,288 |
Supplemental cash flow information related to our operating and finance leases was as follows (in millions):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |
Operating cash flows | $ | 527 |  |  | $ | 116 |  |  | $ | 428 |  |  | $ | 107 |  |  | $ | 395 |  |  | $ | 83 |
Investing cash flows | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Financing cash flows | — |  |  | 245 |  |  | — |  |  | 250 |  |  | — |  |  | 180 |
Changes in lease balances resulting from new and modified leases (a) | 448 |  |  | 318 |  |  | 396 |  |  | 157 |  |  | 178 |  |  | 660 |
________________________ (a)Noncash activity for the year ended December 31, 2022 primarily included approximately $500 million for a finance lease ROU asset and related liability recognized in connection with the completion of the DGD Port Arthur Plant. DGD entered into the finance lease agreement with a third party to utilize certain rail facilities, truck rack facilities, and tanks for the transportation and storage of feedstocks and renewable diesel. The agreement commenced in the fourth quarter of 2022, upon completion of the DGD Port Arthur Plant, and has an initial term of 20 years with two automatic five-year renewal periods. Noncash financing activities for the year ended December 31, 2024 included the conversion by IEnova of $732 million of outstanding borrowings under the IEnova Revolver to additional equity in Central Mexico Terminals, as described in Note 9. There were no other significant noncash investing and financing activities during the year ended December 31, 2024, except as noted in the table above. There were no significant noncash investing and financing activities during the years ended December 31, 2023 and 2022, except as noted in the table above.

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- 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 -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/230/tableOfContent + Details
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