v3.21.2
Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 852 $ (157)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation, depletion and amortization 425 112
Amortization of inventory step-up 118 59
Deferred income taxes 225 (73)
Loss (gain) on extinguishment of debt 88 (133)
Other 24 (20)
Changes in operating assets and liabilities, net of business combination:    
Receivables and other assets (903) 366
Inventories (557) (126)
Pension and OPEB payments and contributions (223) (17)
Payables, accrued expenses and other liabilities 83 (309)
Net cash provided (used) by operating activities 132 (298)
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (298) (283)
Other investing activities 2 0
Net cash used by investing activities (242) (1,152)
FINANCING ACTIVITIES    
Proceeds from issuance of common shares 322 0
Proceeds from issuance of debt 1,000 1,763
Debt issuance costs (17) (58)
Repayments of debt (1,339) (1,000)
Borrowings under credit facilities 2,680 800
Repayments under credit facilities (2,490) (250)
Repayments of leased liabilities (46) (5)
Other financing activities (39) (79)
Net cash provided by financing activities 71 1,171
Net decrease in cash and cash equivalents (39) (279)
Cash and cash equivalents at beginning of period 112 353
Cash and cash equivalents at end of period 73 74
AK Steel    
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired 0 869
ArcelorMittal USA    
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired $ (54) $ 0

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