Quarterly report pursuant to Section 13 or 15(d)

Statements of Unaudited Condensed Consolidated Changes in Equity Statement

v3.22.2.2
Statements of Unaudited Condensed Consolidated Changes in Equity Statement - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par Value of Shares
Retained Earnings (Deficit)
Common Shares in Treasury
AOCI
Non-controlling Interests
Balance, beginning of period (in shares) at Dec. 31, 2020   478,000,000          
Balance, beginning of period at Dec. 31, 2020 $ 2,341 $ 63 $ 5,431 $ (2,989) $ (354) $ (133) $ 323
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income 70     41   13 16
Issuance of common stock (in shares)   20,000,000          
Issuance of common stock 322   78   244    
Stock and other incentive plans (in shares)   1,000,000          
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     (22)        
Stock and other incentive plans (5)       17    
Acquisition of ArcelorMittal USA - Measurement period adjustments (1)           (1)
Net distributions to noncontrolling interests (8)           (8)
Balance, end of period (in shares) at Mar. 31, 2021   499,000,000          
Balance, end of period at Mar. 31, 2021 2,719 $ 63 5,487 (2,948) (93) (120) 330
Balance, beginning of period (in shares) at Dec. 31, 2020   478,000,000          
Balance, beginning of period at Dec. 31, 2020 2,341 $ 63 5,431 (2,989) (354) (133) 323
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income 2,290            
Balance, end of period (in shares) at Sep. 30, 2021   500,000,000          
Balance, end of period at Sep. 30, 2021 4,290 $ 63 4,887 (894) (83) 23 294
Balance, beginning of period (in shares) at Mar. 31, 2021   499,000,000          
Balance, beginning of period at Mar. 31, 2021 2,719 $ 63 5,487 (2,948) (93) (120) 330
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income 849     780   54 15
Stock and other incentive plans (in shares)   1,000,000          
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     4        
Stock and other incentive plans 10       6    
Acquisition of ArcelorMittal USA - Measurement period adjustments (13)           (13)
Net distributions to noncontrolling interests (24)           (24)
Balance, end of period (in shares) at Jun. 30, 2021   500,000,000          
Balance, end of period at Jun. 30, 2021 3,541 $ 63 5,491 (2,168) (87) (66) 308
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income 1,371     1,274   89 8
Redemption of convertible debt, adjustments (4)   (4)        
Stock and other incentive plans (in shares)   0          
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     5        
Stock and other incentive plans 9       4    
Preferred Stock Redemption Premium (605)   (605)        
Net distributions to noncontrolling interests (22)           (22)
Balance, end of period (in shares) at Sep. 30, 2021   500,000,000          
Balance, end of period at Sep. 30, 2021 $ 4,290 $ 63 4,887 (894) (83) 23 294
Balance, beginning of period (in shares) at Dec. 31, 2021 500,158,955 500,000,000          
Balance, beginning of period at Dec. 31, 2021 $ 5,774 $ 63 4,892 (1) (82) 618 284
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income 911     801   97 13
Redemption of convertible debt (shares)   24,000,000          
Redemption of convertible debt, value   $ 3          
Redemption of convertible debt, adjustments     (28)        
Redemption of convertible debt (25)            
Stock and other incentive plans (in shares)   2,000,000          
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     (16)        
Stock and other incentive plans (5)       11    
Common stock repurchases (shares)   (1,000,000)          
Common stock repurchases (19)       (19)    
Net distributions to noncontrolling interests (28)           (28)
Balance, end of period (in shares) at Mar. 31, 2022   525,000,000          
Balance, end of period at Mar. 31, 2022 $ 6,608 $ 66 4,848 800 (90) 715 269
Balance, beginning of period (in shares) at Dec. 31, 2021 500,158,955 500,000,000          
Balance, beginning of period at Dec. 31, 2021 $ 5,774 $ 63 4,892 (1) (82) 618 284
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income $ 1,772            
Common stock repurchases (shares)   (10,500,000)          
Common stock repurchases         (210)    
Balance, end of period (in shares) at Sep. 30, 2022 515,297,720 515,000,000          
Balance, end of period at Sep. 30, 2022 $ 7,268 $ 66 4,864 1,548 (280) 810 260
Balance, beginning of period (in shares) at Mar. 31, 2022   525,000,000          
Balance, beginning of period at Mar. 31, 2022 6,608 $ 66 4,848 800 (90) 715 269
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income 544     596   (57) 5
Stock and other incentive plans (in shares)   0          
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     7        
Stock and other incentive plans 8       1    
Common stock repurchases (shares)   (8,000,000)          
Common stock repurchases (157)       (157)    
Net distributions to noncontrolling interests (9)           (9)
Balance, end of period (in shares) at Jun. 30, 2022   517,000,000          
Balance, end of period at Jun. 30, 2022 6,994 $ 66 4,855 1,396 (246) 658 265
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Comprehensive income 317     152   152 13
Stock and other incentive plans (in shares)   0          
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     9        
Stock and other incentive plans 9       0    
Common stock repurchases (shares)   (2,000,000)          
Common stock repurchases (34)       (34)    
Net distributions to noncontrolling interests $ (18)           (18)
Balance, end of period (in shares) at Sep. 30, 2022 515,297,720 515,000,000          
Balance, end of period at Sep. 30, 2022 $ 7,268 $ 66 $ 4,864 $ 1,548 $ (280) $ 810 $ 260