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SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Inventory | The following table presents the detail of our Inventories on the Statements of Unaudited Condensed Consolidated Financial Position:
(In millions) | June 30, 2025 |  | December 31, 2024
Product inventories |  |  |
Finished and semi-finished goods | $ | 2,319 |  |  | $ | 2,393 |
Raw materials | 1,882 |  |  | 2,208 |
Total product inventories | 4,201 |  |  | 4,601 |
Manufacturing supplies and critical spares | 498 |  |  | 493 |
Inventories | $ | 4,699 |  |  | $ | 5,094 |
Schedule of Restructuring Reserve by Type of Cost | The following table represents a reconciliation of our accrued liabilities related to the discontinuation of certain product lines resulting from the indefinite idling of our Steelton rail production facility and Weirton tinplate production facility:
(In millions) | Employee-Related Costs |  | Exit Costs |  | Asset Impairment |  | Total
Balance as of December 31, 2024 | $ | 56 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 71 |
Costs incurred 1 | — |  |  | 3 |  |  | — |  |  | 3 |
Cash payments | (8) |  |  | (9) |  |  | — |  |  | (17) |
Balance as of March 31, 2025 | $ | 48 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 57 |
Costs incurred 2 | 70 |  |  | 26 |  |  | 39 |  |  | 135 |
Cash payments | (7) |  |  | (22) |  |  | — |  |  | (29) |
Non-cash | — |  |  | — |  |  | (39) |  |  | (39) |
Balance as of June 30, 2025 | $ | 111 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 124 |
1 All $3 million of cost incurred was recorded in Restructuring and other charges.
2 Of the $135 million of cost incurred, $86 million was recorded in Restructuring and other charges, $39 million was recorded in Asset impairments, and $10 million was recorded in Net periodic benefit credits other than service cost component.
Schedule of Supplemental Cash Flow Information | A reconciliation of capital additions to cash paid for capital expenditures is as follows:
| Six Months Ended June 30,
(In millions) | 2025 |  | 2024
Capital additions | $ | 281 |  |  | $ | 346 |
Less: |  |  |
Non-cash accruals | (53) |  |  | (47) |
Equipment financed with seller | 28 |  |  | — |
Right-of-use assets - finance leases | 42 |  |  | 54 |
Cash paid for capital expenditures including deposits | $ | 264 |  |  | $ | 339 |
Cash payments (receipts) for income taxes and interest are as follows:
| Six Months Ended June 30,
(In millions) | 2025 |  | 2024
Income taxes paid | $ | 4 |  |  | $ | 10 |
Income tax refunds | (11) |  |  | (4) |
Interest paid on debt obligations net of capitalized interest 1 | 210 |  |  | 134 |
1 Capitalized interest was $8 million for each of the six months ended June 30, 2025 and 2024.

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