XML 69 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales:      
Net sales $ 18,964 $ 8,765 $ 11,506
Net sales to related parties (Note 23) 1,311 976 1,431
Total (Note 6) 20,275 9,741 12,937
Operating expenses (income):      
Cost of sales (excludes items shown below) 14,533 9,555 12,082
Selling, general and administrative expenses 426 277 289
Depreciation, depletion and amortization (Notes 13 and 14) 791 643 616
(Earnings) loss from investees (Note 12) (170) 117 (79)
Gain on sale of Transtar (Note 5) (506) 0 0
Asset impairment charges (Note 1) 273 263 0
Restructuring and other charges (Note 25) 128 138 275
Gain on equity investee transactions (Note 12) (111) (31) 0
Net gains on sale of assets (7) (149) (1)
Other (gains) losses, net (28) 3 (15)
Total 15,329 10,816 13,167
Earnings (loss) before interest and income taxes 4,946 (1,075) (230)
Interest expense 313 280 142
Interest income (4) (7) (17)
Loss on debt extinguishment (Note 7) 292 0 0
Other financial costs (benefits) 46 (16) 6
Net periodic benefit (income) cost (45) (25) 91
Net interest and other financial costs (Note 7) 602 232 222
Earnings (loss) before income taxes 4,344 (1,307) (452)
Income tax expense (benefit) (Note 11) 170 (142) 178
Net earnings (loss) 4,174 (1,165) (630)
Comprehensive income (loss) attributable to noncontrolling interest 0 0 0
Net earnings (loss) attributable to United States Steel Corporation $ 4,174 $ (1,165) $ (630)
Earnings (loss) per share attributable to United States Steel Corporation stockholders:      
—  Basic $ 15.77 $ (5.92) $ (3.67)
—  Diluted $ 14.88 $ (5.92) $ (3.67)