DERIVATIVE INSTRUMENTS AND HEDGING (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table presents the notional amount of our outstanding hedge contracts:

				Notional Amount
Hedge Contract Type	Classification	Unit of Measure	Maturity Dates	June 30, 2025	December 31, 2024
Natural Gas	Commodity purchase swaps	MMBtu	July 2025 - May 2028	112,900,000	143,250,000
Electricity	Commodity purchase swaps	Megawatt hours	July 2025 - July 2028	2,583,822	3,224,227
HRC	Sales swaps	Net tons	July 2025 - August 2025	91,800	—

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the fair value of our outstanding cash flow hedges and the classification in the Statements of Unaudited Condensed Consolidated Financial Position:

Balance Sheet Location (In millions)	June 30, 2025		December 31, 2024
Other current assets	$	17	$	5
Other non-current assets	19		9
Other current liabilities	(14)		(41)
Other non-current liabilities	—		(6)