XML 56 R34.htm IDEA: XBRL DOCUMENT

Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Information

Schedule of Operating Segment Results

The company’s segment results, with prior periods recast consistent with our current reportable segments presentation, including disaggregated revenue by segment to external, external non-United States, and other segment customers, are as follows (in thousands):


					Metals			Steel
For the year ended		Steel			Recycling			Fabrication			Aluminum
December 31, 2024		Operations			Operations			Operations			Operations			Other ^(a)			Eliminations			Consolidated

Net sales - disaggregated revenue
External		$	11,311,552		$	1,311,124		$	1,761,771		$	256,051		$	1,435,062		$	-		$	16,075,560
External Non-United States			749,932			694,010			1,731			2,496			16,661			-			1,464,830
Other segments			465,582			2,131,779			8,293			60,142			-			(2,665,796)			-
Net sales			12,527,066			4,136,913			1,771,795			318,689			1,451,723			(2,665,796)			17,540,390
Less:
Cost of goods sold			10,736,557			3,946,457			1,006,211			298,572			1,420,978			(2,670,971)			14,737,804
Other segment items ^(b)			208,135			113,649			98,600			92,448			348,153			(1,436)			859,549
Operating income (loss)			1,582,374			76,807			666,984			(72,331)			(317,408)			6,611			1,943,037
Interest expense, net of capitalized interest																					56,347
Other (income) expense, net																					(96,191)
Income before income taxes																				$	1,982,881

Depreciation and amortization		$	351,558		$	56,148		$	11,071		$	6,786		$	53,344		$	-		$	478,907
Capital expenditures			461,524			83,020			29,374			1,309,027			55,183			(70,122)			1,868,006
Total Assets			8,776,445			1,301,234			665,867			2,802,647			3,319,917	^(c)		(1,930,877)			14,935,233


					Metals			Steel
For the year ended		Steel			Recycling			Fabrication			Aluminum
December 31, 2023		Operations			Operations			Operations			Operations			Other ^(a)			Eliminations			Consolidated

Net sales - disaggregated revenue
External		$	11,603,139		$	1,162,246		$	2,798,262		$	239,095		$	1,164,942		$	-		$	16,967,684
External Non-United States			1,037,412			774,211			672			9,105			6,232			-			1,827,632
Other segments			427,071			2,222,131			7,843			37,707			727			(2,695,479)			-
Net sales			13,067,622			4,158,588			2,806,777			285,907			1,171,901			(2,695,479)			18,795,316
Less:
Cost of goods sold			10,977,249			3,971,743			1,115,515			237,759			1,147,441			(2,700,274)			14,749,433
Other segment items ^(b)			208,773			139,110			98,001			31,002			419,037			(1,221)			894,702
Operating income (loss)			1,881,600			47,735			1,593,261			17,146			(394,577)			6,016			3,151,181
Interest expense, net of capitalized interest																					76,484
Other (income) expense, net																					(144,246)
Income before income taxes																				$	3,218,943

Depreciation and amortization		$	331,225		$	65,803		$	9,787		$	4,917		$	26,072		$	-		$	437,804
Capital expenditures			453,955			185,903			22,044			967,739			28,264			-			1,657,905
Total Assets			8,650,450			1,340,445			790,399			1,444,335			3,248,822	^(c)		(566,031)			14,908,420


					Metals			Steel
For the year ended		Steel			Recycling			Fabrication			Aluminum
December 31, 2022		Operations			Operations			Operations			Operations			Other ^(a)			Eliminations			Consolidated

Net sales - disaggregated revenue
External		$	13,783,666		$	1,293,258		$	4,245,803		$	252,121		$	1,276,923		$	-		$	20,851,771
External Non-United States			779,683			602,555			183			16,806			9,776			-			1,409,003
Other segments			537,647			2,304,414			11,221			23,158			1,281			(2,877,721)			-
Net sales			15,100,996			4,200,227			4,257,207			292,085			1,287,980			(2,877,721)			22,260,774
Less:
Cost of goods sold			11,787,382			3,986,236			1,737,366			266,950			1,295,721			(2,930,712)			16,142,943
Other segment items ^(b)			220,925			114,619			95,186			10,365			586,304			(1,390)			1,026,009
Operating income (loss)			3,092,689			99,372			2,424,655			14,770			(594,045)			54,381			5,091,822
Interest expense, net of capitalized interest																					91,538
Other (income) expense, net																					(20,785)
Income before income taxes																				$	5,021,069

Depreciation and amortization		$	295,468		$	48,851		$	9,727		$	5,127		$	25,029		$	-		$	384,202
Capital expenditures			613,678			63,967			17,519			189,805			23,933			-			908,902

^(a) Amounts included in Other are from subsidiary operations that are below the quantitative thresholds required for reportable segments and primarily consist of joint ventures and the idled Minnesota ironmaking operations. Also included are certain unallocated corporate accounts, such as the company's senior unsecured credit facility, senior notes, certain other investments, amortization of intangible assets and certain profit sharing expenses.

^(b) Other segment items for each reportable operating segment include selling, general, and administrative expenses including payroll & benefit expenses and professional service expenses. Other segment items within Other include selling, general, and administrative expenses such as payroll & benefit expenses, companywide equity-based compensation expenses, and professional service expenses, as well as company-wide profit sharing expense and amortization of intangible assets.

^(c) Asset amounts included in Other consist of assets held by subsidiary operations that are below the quantitative thresholds required for reportable segments and the company's corporate assets. Corporate assets primarily consist of cash, short-term and other investments, and intra-company debt.