NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION
Allowance for Credit Losses
The following is a roll-forward of our allowance for credit losses associated with Accounts receivable, net:
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|
|
|
|
|
|
|
|
|
|
|
|
(In Millions) |
|
2022 |
|
2021 |
Allowance for credit losses as of January 1 |
$ |
(4) |
|
|
$ |
(5) |
|
Decrease in allowance |
1
|
|
|
— |
|
Allowance for credit losses as of June 30 |
$ |
(3) |
|
|
$ |
(5) |
|
Inventories
The following table presents the detail of our Inventories in the Statements of Unaudited Condensed Consolidated Financial Position:
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|
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(In Millions) |
|
June 30, 2022 |
|
December 31, 2021 |
Product inventories |
|
|
|
Finished and semi-finished goods |
$ |
3,081
|
|
|
$ |
2,814 |
|
Raw materials |
2,370
|
|
|
2,070 |
|
Total product inventories |
5,451
|
|
|
4,884 |
|
Manufacturing supplies and critical spares |
333
|
|
|
304 |
|
Inventories |
$ |
5,784
|
|
|
$ |
5,188 |
|
betfred gamesCash Flow Information
A reconciliation of capital additions to cash paid for capital expenditures is as follows:
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|
|
|
|
|
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(In Millions) |
|
Six Months Ended June 30, |
|
2022 |
|
2021 |
Capital additions |
$ |
489
|
|
|
$ |
329 |
|
Less: |
|
|
|
Non-cash accruals |
(2) |
|
|
16 |
|
Right-of-use assets - finance leases |
23
|
|
|
15 |
|
|
|
|
|
Cash paid for capital expenditures including deposits |
$ |
468
|
|
|
$ |
298 |
|
Cash payments (receipts) for income taxes and interest are as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
(In Millions) |
|
Six Months Ended June 30, |
|
2022 |
|
2021 |
Taxes paid on income |
$ |
299
|
|
|
$ |
8 |
|
Income tax refunds |
(1) |
|
|
(15) |
|
Interest paid on debt obligations net of capitalized interest1
|
133
|
|
|
148 |
|
|
|
|
|
1 Capitalized interest was $5 million and $3 million for the six months ended June 30, 2022 and 2021, respectively.
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