v3.23.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 197 $ 261
Accounts Receivable, after Allowance for Credit Loss, Current 926 791
Other receivables 153 183
Inventories 1,662 1,622
Fair value of hedging instruments and derivatives (Q) 7 21
Prepaid expenses and other current assets 141 124
Total current assets 3,086 3,002
Properties, plants, and equipment 7,014 6,957
Less: accumulated depreciation and amortization 4,651 4,596
Properties, plants, and equipment, net 2,363 2,361
Goodwill 294 292
Operating lease right-of-use assets 117 115
Deferred income taxes 187 188
Other noncurrent assets 56 57
Total assets 6,103 6,015
Current liabilities:    
Short-term Debt 50 0
Accounts Payable, Trade, Current 1,554 1,578
Accrued compensation and retirement costs 108 119
Taxes, including income taxes 36 43
Environmental remediation 36 40
Operating lease liabilities 35 34
Derivative Liability, Current 29 7
Other current liabilities 177 150
Total current liabilities 2,025 1,971
Long-term debt 1,597 1,597
Accrued pension benefits 586 586
Accrued other postretirement benefits 297 302
Environmental remediation 40 45
Operating lease liabilities 84 83
Deferred income taxes 6 3
Other noncurrent liabilities 71 71
Total liabilities 4,706 4,658
Contingencies and commitments
Stockholders’ Equity    
Common stock 1 1
Additional capital 3,379 3,373
Accumulated deficit (709) (734)
Treasury stock (J) (347) (346)
Accumulated other comprehensive loss (K) (927) (937)
Equity, Attributable to Parent, Total 1,397 1,357
Total liabilities and stockholders’ equity $ 6,103 $ 6,015