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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents (Note 9) $ 2,522 $ 1,985
Receivables, less allowance of $44 and $34 1,968 914
Receivables from related parties (Note 23) 121 80
Inventories (Note 10) 2,210 1,402
Other current assets 331 51
Total current assets 7,152 4,432
Long-term restricted cash (Note 9) 76 130
Investments and long-term receivables, less allowance of $4 and $5 (Note 12) 694 1,177
Operating lease assets (Note 24) 185 214
Property, plant and equipment, net (Note 13) 7,254 5,444
Intangibles, net (Note 14) 519 129
Deferred income tax benefits (Note 11) 32 22
Goodwill 920 4
Other noncurrent assets 984 507
Total assets 17,816 12,059
Current liabilities:    
Accounts payable and other accrued liabilities 2,809 1,779
Accounts payable to related parties (Note 23) 99 105
Payroll and benefits payable 425 308
Accrued taxes 365 154
Accrued interest 68 59
Current operating lease liabilities (Note 24) 58 59
Short-term debt and current maturities of long-term debt (Note 17) 28 192
Total current liabilities 3,852 2,656
Noncurrent operating lease liabilities (Note 24) 136 163
Long-term debt, less unamortized discount and debt issuance costs (Note 17) 3,863 4,695
Employee benefits (Note 18) 235 322
Deferred income tax liabilities (Note 11) 122 11
Deferred credits and other noncurrent liabilities 505 333
Total liabilities 8,713 8,180
Contingencies and commitments (Note 26)
Stockholders’ Equity    
Common stock issued — 279,522,227 and 229,105,589 shares issued (par value $1 per share, authorized 400,000,000 shares) (Note 8) 280 229
Treasury stock, at cost (15,708,839 shares and 8,673,131 shares) (334) (175)
Additional paid-in capital 5,199 4,402
Retained earnings (accumulated deficit) 3,534 (623)
Accumulated other comprehensive income (loss) (Note 21) 331 (47)
Total United States Steel Corporation stockholders’ equity 9,010 3,786
Noncontrolling interests 93 93
Total liabilities and stockholders’ equity $ 17,816 $ 12,059