Net Interest and Other Financial Costs (Tables)

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

Net Interest and Other Financial Costs

(In millions)	2021		2020		2019
Interest income:
Interest income	$	(4)	$	(7)	$	(17)
Interest expense and other financial costs:
Interest incurred	342		306		162
Less interest capitalized	29		26		20
Total interest expense	313		280		142
Loss on debt extinguishment (a)	292		—		—
Net periodic benefit (income) costs (other than service cost)	(45)		(25)		91
Foreign currency net gain (b)	17		(15)		(17)
Financial costs on:
Amended Credit Agreement	6		3		5
USSK credit facilities	4		2		1
Other (c)	5		(21)		10
Amortization of discounts and deferred financing costs	14		15		7
Total other financial costs	46		(16)		6
Net interest and other financial costs	$	602	$	232	$	222

(a)Represents a net pretax charge of $292 million during 2021 related to the repayments of the Export-Import Credit Agreement, 2025 Senior Secured Notes, 2025 Senior Notes, 2026 Senior Notes, 2029 Senior Secured Notes, Credit Facility Agreement and Environmental Revenue Bonds.

(b)The functional currency for USSE is the euro. Foreign currency net gain is a result of transactions denominated in currencies other than the euro.

(c)2020 and 2019 include a $(39) million and $7 million change in fair value of certain call and put options, respectively, related to U. S. Steel's purchase of its 49.9% ownership interest in Big River Steel during 2019. See Note 5 and Note 20 for further details.