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SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure Text Block [Abstract] |
Roll-forward of Allowance for Credit Losses | The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
(In millions) | 2023 |  | 2022
Allowance for credit losses as of January 1 | $ | (4) |  |  | $ | (4) |
Increase in allowance | (1) |  |  | — |
Allowance for credit losses as of December 31 | $ | (5) |  |  | $ | (4) |
Schedule of Inventories | The following table presents the detail of our Inventories on the Statements of Consolidated Financial Position:
| December 31,
(In millions) | 2023 |  | 2022
Product inventories |  |  |
Finished and semi-finished goods | $ | 2,573 |  |  | $ | 2,971 |
Raw materials | 1,476 |  |  | 1,794 |
Total product inventories | 4,049 |  |  | 4,765 |
Manufacturing supplies and critical spares | 411 |  |  | 365 |
Inventories | $ | 4,460 |  |  | $ | 5,130 |
Schedule of Cash Flow, Supplemental Disclosures | A reconciliation of capital additions to cash paid for capital expenditures is as follows:
| Year Ended December 31,
(In millions) | 2023 |  | 2022 |  | 2021
Capital additions | $ | 785 |  |  | $ | 1,033 |  |  | $ | 857 |
Less: |  |  |  |  |
Non-cash accruals | (13) |  |  | 35 |  |  | 102 |
Equipment financed with seller | 59 |  |  | — |  |  | — |
Right-of-use assets - finance leases | 93 |  |  | 55 |  |  | 50 |
Cash paid for capital expenditures including deposits | $ | 646 |  |  | $ | 943 |  |  | $ | 705 |
Additionally, included within Other investing activities on the Statements of Consolidated Cash Flows are grant reimbursements related to governmental funded capital projects. For the years ended December 31, 2023, 2022 and 2021, grant reimbursements were $13 million, $27 million and $2 million, respectively. Cash payments (receipts) for interest and income taxes are as follows:
| Year Ended December 31,
(In millions) | 2023 |  | 2022 |  | 2021
Income taxes paid | $ | 94 |  |  | $ | 334 |  |  | $ | 166 |
Income tax refunds | (205) |  |  | (3) |  |  | (16) |
Interest paid on debt obligations net of capitalized interest 1 | 256 |  |  | 249 |  |  | 299 |
1 Capitalized interest was $12 million, $9 million and $6 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Schedule of Noncash or Part Noncash Acquisitions | Other non-cash investing and financing activities are as follows:
| Year Ended December 31,
(In millions) | 2023 |  | 2022 |  | 2021
1.500% 2025 Convertible Senior Notes redemption | $ | — |  |  | $ | 25 |  |  | $ | — |
Fair value of settlement of a pre-existing relationship as part of consideration in connection with FPT Acquisition | — |  |  | — |  |  | (20) |

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