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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,614 $ 2,032
Accounts receivable—net 404 505
Inventories 314 299
Prepaid income taxes 145 167
Other current assets 43 47
Total current assets 2,520 3,050
Property, plant and equipment—net 6,735 7,141
Investment in affiliate 29 26
Goodwill 2,492 2,495
Intangible assets—net 507 538
Operating lease right-of-use assets 266 259
Other assets 917 867
Total assets 13,466 14,376
Current liabilities:    
Accounts payable and accrued expenses 603 520
Income taxes payable 2 12
Customer advances 118 130
Current operating lease liabilities 86 96
Other current liabilities 9 42
Total current liabilities 818 800
Long-term debt 2,971 2,968
Deferred income taxes 871 999
Operating lease liabilities 189 168
Supply contract liability 724 754
Other liabilities 301 314
Stockholders’ equity:    
Preferred stock—$0.01 par value, 50,000,000 shares authorized 0 0
Common stock—$0.01 par value, 500,000,000 shares authorized, 2024—170,237,254 shares issued and 2023—188,188,401 shares issued 2 2
Paid-in capital 1,284 1,389
Retained earnings 4,009 4,535
Treasury stock—at cost, 2024—354,264 shares and 2023—0 shares (30) 0
Accumulated other comprehensive loss (280) (209)
Total stockholders’ equity 4,985 5,717
Noncontrolling interest 2,607 2,656
Total equity 7,592 8,373
Total liabilities and equity $ 13,466 $ 14,376