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v3.25.1

SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information | The following tables provide our results by segment as well as a reconciliation from consolidated Adjusted EBITDA to our consolidated Net income (loss):
| Three Months Ended March 31, 2025
(In millions) | Steelmaking |  | Other Businesses |  | Eliminations |  | Total
Revenues | $ | 4,495 |  |  | $ | 162 |  |  | $ | (28) |  |  | $ | 4,629 |
Cost of goods sold | (4,895) |  |  | (153) |  |  | 28 |  |  | (5,020) |
Selling, general and administrative expenses | (126) |  |  | (7) |  |  | — |  |  | (133) |
Net periodic benefit credits other than service cost component | 57 |  |  | — |  |  | — |  |  | 57 |
Excluding depreciation, depletion and amortization | 274 |  |  | 8 |  |  | — |  |  | 282 |
Other segment items 1 | 11 |  |  | — |  |  | — |  |  | 11 |
Total Adjusted EBITDA | $ | (184) |  |  | $ | 10 |  |  | $ | — |  |  | $ | (174) |
Interest expense, net |  |  |  |  |  |  | (140) |
Income tax benefit |  |  |  |  |  |  | 147 |
Depreciation, depletion and amortization |  |  |  |  |  |  | (282) |
EBITDA from noncontrolling interests 2 |  |  |  |  |  |  | 18 |
Weirton indefinite idle |  |  |  |  |  |  | (3) |
Idled facilities employment charges |  |  |  |  |  |  | (41) |
Changes in fair value of derivatives, net |  |  |  |  |  |  | (9) |
Amortization of inventory step-up |  |  |  |  |  |  | 7 |
Other, net |  |  |  |  |  |  | (6) |
Net loss |  |  |  |  |  |  | $ | (483) |
Capital Additions | $ | 123 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 129 |
1 Other segment items primarily consists of the exclusion of EBITDA of noncontrolling interests and idled facilities employment charges from Adjusted EBITDA and the inclusion of items within Miscellaneous – net and Other non-operating income (loss).
2 EBITDA of noncontrolling interests includes net income attributable to noncontrolling interests of $12 million and the exclusion of depreciation, depletion, and amortization of $6 million.
| Three Months Ended March 31, 2024
(In millions) | Steelmaking |  | Other Businesses |  | Eliminations |  | Total
Revenues | $ | 5,053 |  |  | $ | 172 |  |  | $ | (26) |  |  | $ | 5,199 |
Cost of goods sold | (4,785) |  |  | (157) |  |  | 28 |  |  | (4,914) |
Selling, general and administrative expenses | (125) |  |  | (7) |  |  | — |  |  | (132) |
Net periodic benefit credits other than service cost component | 60 |  |  | — |  |  | — |  |  | 60 |
Excluding depreciation, depletion and amortization | 222 |  |  | 8 |  |  | — |  |  | 230 |
Other segment items 1 | (30) |  |  | 1 |  |  | — |  |  | (29) |
Total Adjusted EBITDA | $ | 395 |  |  | $ | 17 |  |  | $ | 2 |  |  | $ | 414 |
Interest expense, net |  |  |  |  |  |  | (64) |
Income tax benefit |  |  |  |  |  |  | 8 |
Depreciation, depletion and amortization |  |  |  |  |  |  | (230) |
EBITDA from noncontrolling interests 2 |  |  |  |  |  |  | 21 |
Weirton indefinite idle |  |  |  |  |  |  | (177) |
Loss on extinguishment of debt |  |  |  |  |  |  | (21) |
Other, net |  |  |  |  |  |  | (4) |
Net loss |  |  |  |  |  |  | $ | (53) |
Capital Additions | $ | 156 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 157 |
1 Other segment items primarily consists of the exclusion of EBITDA of noncontrolling interests from Adjusted EBITDA and the inclusion of items within Miscellaneous – net and Other non-operating income (loss).
2 EBITDA of noncontrolling interests includes net income attributable to noncontrolling interests of $14 million and the exclusion of depreciation, depletion, and amortization of $7 million.
Reconciliation of Assets from Segment to Consolidated | The following summarizes our assets by segment:
(In millions) | March 31, 2025 |  | December 31, 2024
Assets: |  |  |
Steelmaking | $ | 20,200 |  |  | $ | 20,327 |
Other Businesses | 636 |  |  | 620 |
Total segment assets | $ | 20,836 |  |  | $ | 20,947 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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