Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.2
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2025
(In millions) Steelmaking Other Businesses Eliminations Total
Revenues $ 4,808  $ 163  $ (37) $ 4,934 
Cost of goods sold (5,031) (147) 35  (5,143)
Selling, general and administrative expenses (130) (7) —  (137)
Net periodic benefit credits other than service cost component 43  —  —  43 
Excluding depreciation, depletion and amortization 386  7  —  393 
Other segment items1
7  —  —  7 
Total Adjusted EBITDA $ 83  $ 16  $ (2) $ 97 
Interest expense, net (149)
Income tax benefit 148 
Depreciation, depletion and amortization (393)
EBITDA from noncontrolling interests2
20 
Idled facilities charges (204)
Changes in fair value of derivatives, net (15)
Currency exchange 48 
Severance (19)
Other, net (3)
Net loss $ (470)
Capital Additions $ 150  $ 2  $ —  $ 152 
1 Other segment items primarily consists of the exclusion of EBITDA from noncontrolling interests from Adjusted EBITDA and certain idled facilities charges and the inclusion of items within Miscellaneous – net and Other non-operating income (expense).
2 EBITDA from noncontrolling interests includes net income attributable to noncontrolling interests of $13 million and the exclusion of depreciation, depletion, and amortization of $7 million.
Three Months Ended June 30, 2024
(In millions) Steelmaking Other Businesses Eliminations Total
Revenues $ 4,937  $ 177  $ (22) $ 5,092 
Cost of goods sold (4,791) (160) 21  (4,930)
Selling, general and administrative expenses (96) (7) —  (103)
Net periodic benefit credits other than service cost component 62  —  —  62 
Excluding depreciation, depletion and amortization 219  9  —  228 
Other segment items1
(25) (1) —  (26)
Total Adjusted EBITDA $ 306  $ 18  $ (1) $ 323 
Interest expense, net (69)
Income tax benefit 15 
Depreciation, depletion and amortization (228)
EBITDA from noncontrolling interests2
  15 
Idled facilities charges (40)
Loss on extinguishment of debt (6)
Severance (1)
Net income $ 9 
Capital Additions $ 187  $ 2  $ —  $ 189 
1 Other segment items primarily consists of the exclusion of EBITDA from noncontrolling interests from Adjusted EBITDA and the inclusion of items within Miscellaneous – net and Other non-operating income (loss).
2 EBITDA from noncontrolling interests includes net income attributable to noncontrolling interests of $7 million and the exclusion of depreciation, depletion, and amortization of $8 million.
Reconciliation of Assets from Segment to Consolidated
The following summarizes our assets by segment:
(In millions) June 30,
2025		 December 31,
2024
Assets:
Steelmaking $ 19,848  $ 20,327 
Other Businesses 623  620 
Total segment assets $ 20,471  $ 20,947