v3.23.2
Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 266 $ 261
Accounts Receivable, after Allowance for Credit Loss, Current 907 791
Other receivables 138 183
Inventories 1,544 1,622
Fair value of hedging instruments and derivatives (Q) 56 21
Prepaid expenses and other current assets 158 124
Total current assets 3,069 3,002
Properties, plants, and equipment 7,037 6,957
Less: accumulated depreciation and amortization 4,688 4,596
Properties, plants, and equipment, net 2,349 2,361
Goodwill 294 292
Operating lease right-of-use assets 110 115
Deferred income taxes 170 188
Other noncurrent assets 54 57
Total assets 6,046 6,015
Current liabilities:    
Accounts Payable, Trade, Current 1,489 1,578
Accrued compensation and retirement costs 112 119
Taxes, including income taxes 34 43
Environmental remediation 34 40
Operating lease liabilities 36 34
Derivative Liability, Current 13 7
Other current liabilities 181 150
Total current liabilities 1,899 1,971
Long-term debt 1,598 1,597
Accrued pension benefits 582 586
Accrued other postretirement benefits 295 302
Environmental remediation 38 45
Operating lease liabilities 78 83
Deferred income taxes 6 3
Other noncurrent liabilities 66 71
Total liabilities 4,562 4,658
Contingencies and commitments
Stockholders’ Equity    
Common stock 1 1
Additional capital 3,379 3,373
Accumulated deficit (650) (734)
Treasury stock (J) (347) (346)
Accumulated other comprehensive loss (K) (899) (937)
Equity, Attributable to Parent, Total 1,484 1,357
Total liabilities and stockholders’ equity $ 6,046 $ 6,015