v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 112 $ 67
Restricted cash 8 0
Accounts receivable, net 1,020 723
Inventories, net 1,169 1,078
Other current assets 131 95
Current assets held for sale 6 1,230
Total Current Assets 2,446 3,193
Property, plant and equipment 18,429 15,330
Allowances for depreciation, depletion and amortization (5,328) (5,040)
Property, plant and equipment, net 13,101 10,290
Goodwill 3,959 3,614
Other intangibles, net 565 459
Operating lease right-of-use assets, net 381 367
Other noncurrent assets 853 788
Total Assets 21,305 18,711
Current Liabilities:    
Accounts payable 349 389
Accrued salaries, benefits and payroll taxes 71 100
Accrued other taxes 50 46
Current maturities of long-term debt 860 30
Current operating lease liabilities 70 62
Unpaid commitments to limited liability companies 51 51
Other current liabilities 288 217
Total Current Liabilities 1,739 895
Long-term debt 5,091 5,293
Deferred income taxes, net 1,641 1,266
Noncurrent operating lease liabilities 324 320
Other noncurrent liabilities 962 903
Total Liabilities 9,757 8,677
Commitments and Contingencies - Note I 0 0
Equity:    
Common stock, par value $0.01 per share (60,050,859 shares and 60,309,739 shares outstanding at June 30, 2026 and December 31, 2025, respectively) 1 1
Preferred stock, $0.01 par value per share (10,000,000 shares authorized; no shares outstanding) 0 0
Additional paid-in capital 3,587 3,569
Accumulated other comprehensive earnings 94 60
Retained earnings 7,864 6,402
Total Shareholders' Equity 11,546 10,032
Noncontrolling interests 2 2
Total Equity 11,548 10,034
Total Liabilities and Equity $ 21,305 $ 18,711