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SEGMENT REPORTING (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information
Our results by segment are as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2024202320242023
Revenues:
Steelmaking$4,915 $5,808 $9,942 $10,934 
Other Businesses177 176 349 345 
Total revenues$5,092 $5,984 $10,291 $11,279 
Adjusted EBITDA:
Steelmaking$306 $765 $701 $1,005 
Other Businesses18 15 35 23 
Eliminations(1)(5)1 (10)
Total Adjusted EBITDA$323 $775 $737 $1,018 
The following table provides a reconciliation of our consolidated Net income (loss) to total Adjusted EBITDA:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2024202320242023
Net income (loss)$9 $356 $(44)$314 
Less:
Interest expense, net(69)(79)(133)(156)
Income tax benefit (expense)15 (102)23 (89)
Depreciation, depletion and amortization(228)(247)(458)(489)
291 784 524 1,048 
Less:
EBITDA of noncontrolling interests1
15 17 36 40 
Weirton indefinite idle2
(40)— (217)— 
Loss on extinguishment of debt(6)— (27)— 
Other, net(1)(8)(5)(10)
Total Adjusted EBITDA$323 $775 $737 $1,018 
1 EBITDA of noncontrolling interests includes the following:
Net income attributable to noncontrolling interests$7 $$21 $24 
Depreciation, depletion and amortization8 15 16 
EBITDA of noncontrolling interests$15 $17 $36 $40 
2 Refer to NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION for further information.
The following table summarizes our depreciation, depletion and amortization and capital additions by segment:
Three Months Ended
June 30,
Six Months Ended
June 30,
(In millions)2024202320242023
Depreciation, depletion and amortization:
Steelmaking$(219)$(239)$(441)$(470)
Other Businesses(9)(8)(17)(19)
Total depreciation, depletion and amortization$(228)$(247)$(458)$(489)
Capital additions1:
Steelmaking$187 $159 $343 $286 
Other Businesses2 3 
Corporate  
Total capital additions$189 $162 $346 $290 
1 Refer to NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION for additional information.
Reconciliation of Assets from Segment to Consolidated
The following summarizes our assets by segment:
(In millions)June 30,
2024
December 31,
2023
Assets:
Steelmaking$16,362 $16,880 
Other Businesses666 657 
Intersegment eliminations(506)(507)
Total segment assets16,522 17,030 
Corporate406 507 
Total assets$16,928 $17,537