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SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information, By Segment | Our results by segment are as follows:
|  |  |  |  | (In Millions)
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Revenues: |  |  |  |  |  |  |
Steelmaking |  |  |  |  | $ | 3,919 |  |  | $ | 337 |
Other Businesses |  |  |  |  | 130 |  |  | 22 |
Total revenues |  |  |  |  | $ | 4,049 |  |  | $ | 359 |
Adjusted EBITDA: |  |  |  |  |  |  |
Steelmaking |  |  |  |  | $ | 537 |  |  | $ | 44 |
Other Businesses |  |  |  |  | 11 |  |  | 2 |
Corporate and eliminations |  |  |  |  | (35) |  |  | (23) |
Total Adjusted EBITDA |  |  |  |  | $ | 513 |  |  | $ | 23 |
The following table provides a reconciliation of our consolidated Net income (loss) to total Adjusted EBITDA:
|  |  |  |  | (In Millions)
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Net income (loss) |  |  |  |  | $ | 57 |  |  | $ | (49) |
Less: |  |  |  |  |  |  |
Interest expense, net |  |  |  |  | (92) |  |  | (31) |
Income tax benefit (expense) |  |  |  |  | (9) |  |  | 51 |
Depreciation, depletion and amortization |  |  |  |  | (217) |  |  | (35) |
|  |  |  |  | 375 |  |  | (34) |
Less: |  |  |  |  |  |  |
EBITDA of noncontrolling interests 1 |  |  |  |  | 22 |  |  | 4 |
Gain (loss) on extinguishment of debt |  |  |  |  | (66) |  |  | 3 |
Severance costs |  |  |  |  | (11) |  |  | (19) |
Acquisition-related costs excluding severance costs |  |  |  |  | (2) |  |  | (23) |
Amortization of inventory step-up |  |  |  |  | (81) |  |  | (23) |
Impact of discontinued operations |  |  |  |  | — |  |  | 1 |
Total Adjusted EBITDA |  |  |  |  | $ | 513 |  |  | $ | 23 |
1 EBITDA of noncontrolling interests includes $16 million and $3 million for income and $6 million and $1 million for depreciation, depletion and amortization for the three months ended March 31, 2021 and 2020, respectively.
The following table summarizes our capital additions by segment:
|  |  |  |  | (In Millions)
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Capital additions 1: |  |  |  |  |  |  |
Steelmaking |  |  |  |  | $ | 133 |  |  | $ | 154 |
Other Businesses |  |  |  |  | 11 |  |  | 3 |
Corporate |  |  |  |  | 18 |  |  | 1 |
Total capital additions |  |  |  |  | $ | 162 |  |  | $ | 158 |
1 Refer to NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION for additional information.
Reconciliation of Assets from Segment to Consolidated | The following summarizes our assets by segment:
| (In Millions)
| March 31, 2021 |  | December 31, 2020
Assets: |  |  |
Steelmaking | $ | 16,271 |  |  | $ | 15,849 |
Other Businesses | 295 |  |  | 239 |
Total segment assets | 16,566 |  |  | 16,088 |
Corporate | 649 |  |  | 683 |
Total assets | $ | 17,215 |  |  | $ | 16,771 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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