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Supplemental Cash Flow Information | 3 Months Ended
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Mar. 31, 2025
Supplemental Cash Flow Information [Abstract] |
SUPPLEMENTAL CASH FLOW INFORMATION | 10. SUPPLEMENTAL CASH FLOW INFORMATION In order to determine net cash provided by 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,
| 2025 |  | 2024
Decrease (increase) in current assets: |  |  |
Receivables, net | $ | (457) |  |  | $ | 257 |
Inventories | 693 |  |  | (356) |
Prepaid expenses and other | 63 |  |  | 86 |
Increase (decrease) in current liabilities: |  |  |
Accounts payable | (42) |  |  | (130) |
Accrued expenses | (13) |  |  | (163) |
Taxes other than income taxes payable | (84) |  |  | (102) |
Income taxes payable | (3) |  |  | 248 |
Changes in current assets and current liabilities | $ | 157 |  |  | $ | (160) |
Changes in current assets and current liabilities for the three months ended March 31, 2025 were primarily due to the following: •The increase in receivables was primarily due to an increase in refined petroleum product sales volumes combined with an increase in related prices in March 2025 compared to December 2024, partially offset by the collection of $246 million for a blender’s tax credit receivable; and •The decrease in inventories was primarily due to lower inventory levels in March 2025 compared to December 2024. Changes in current assets and cu rrent liabilities for the three months ended March 31, 2024 were primarily due to the following: •The decrease in receivables was primarily due to a decrease in refined petroleum product sales volumes in March 2024 compared to December 2023, partially offset by an increase in related prices; and •The increase in inventories was due to an increase in inventory volumes valued at higher unit prices in March 2024 compared to December 2023. Cash flows related to interest and income taxes were as follows (in millions):
| Three Months Ended March 31,
| 2025 |  | 2024
Interest paid in excess of amount capitalized, including interest on finance leases | $ | 84 |  |  | $ | 100 |
Income taxes paid, net | 35 |  |  | 103 |
Supplemental cash flow information related to our operating and finance leases was as follows (in millions):
| Three Months Ended March 31,
| 2025 |  | 2024
| Operating Leases |  | Finance Leases |  | Operating Leases |  | Finance Leases
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows | $ | 127 |  |  | $ | 29 |  |  | $ | 124 |  |  | $ | 29 |
Financing cash flows | — |  |  | 65 |  |  | — |  |  | 56 |
Changes in lease balances resulting from new and modified leases | 100 |  |  | 10 |  |  | 153 |  |  | 186 |
There were no significant noncash investing and financing activities during the three months ended March 31, 2025, except as noted in the table above. Noncash financing activities for the three months ended March 31, 2024 included the conversion by IEnova of $457 million of outstanding borrowings under the IEnova Revolver to additional equity in Central Mexico Terminals. There were no other significant noncash investing and financing activities during the three months ended March 31, 2024, 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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