falsedesktopX2020-12-31000116330221000013{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated filer\t☒\tAccelerated filer\t☐\tNon-accelerated filer\t☐\tSmaller reporting company\t☐\tEmerging growth company\t☐\nIf an emerging growth company indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ___\t\t\t\t\t\t\t\t\t☐\n", "q10k_tbl_1": "\tFORWARD-LOOKING STATEMENTS\t3\n\t10-K SUMMARY\t4\nPART I\t\t\nItem 1.\tBUSINESS\t21\nItem 1A\tRISK FACTORS\t43\nItem 1B\tUNRESOLVED STAFF COMMENTS\t52\nItem 2.\tPROPERTIES\t53\nItem 3.\tLEGAL PROCEEDINGS\t53\nItem 4.\tMINE SAFETY DISCLOSURE\t57\nPART II\t\t\nItem 5.\tMARKET FOR REGISTRANT'S COMMON EQUITY RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\t59\nItem 6.\tSELECTED FINANCIAL DATA\t60\nItem 7.\tMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS\t61\nItem 7A\tQUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK\t79\nItem 8.\tFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA\t81\nItem 9.\tCHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE\t144\nItem 9A\tCONTROLS AND PROCEDURES\t144\nItem 9B\tOTHER INFORMATION\t144\nPART III\t\t\nItem 10.\tDIRECTORS EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE\t145\nItem 11.\tEXECUTIVE COMPENSATION\t145\nItem 12.\tSECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS\t146\nItem 13.\tCERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE\t146\nItem 14.\tPRINCIPAL ACCOUNTANT FEES AND SERVICES\t146\nPART IV\t\t\nItem 15.\tEXHIBITS AND FINANCIAL STATEMENT SCHEDULE\t147\nItem 16.\t10-K SUMMARY\t158\nSIGNATURES\t\t159\nGLOSSARY OF CERTAIN DEFINED TERMS\t\t160\nTOTAL NUMBER OF PAGES\t\t162\n", "q10k_tbl_2": "RECONCILIATION TO ADJUSTED NET (LOSS) EARNINGS (a)\t\t\t\t\n\t\tYear Ended December 31\t\t\n(Dollars in millions)\t\t2020\t2019\t2018\nReconciliation to adjusted net (loss) earnings attributable to United States Steel Corporation\t\t\t\t\n\tNet (loss) earnings attributable to United States Steel Corporation as reported\t(1165)\t(630)\t1115\n\tAsset impairment charge\t263\t0\t0\n\tRestructuring and other charges\t131\t263\t0\n\tTubular inventory impairment\t24\t0\t0\n\tBig River Steel debt extinguishment charges (b)\t18\t0\t0\n\tUncertain tax positions\t13\t0\t0\n\tBig River Steel financing costs\t8\t0\t0\n\tBig River Steel transaction and other related costs\t3\t0\t0\n\tFairless property sale\t(145)\t0\t0\n\tBig River Steel options and forward adjustments (c)\t(39)\t7\t0\n\tGain on previously held investment in UPI\t(25)\t0\t0\n\tDecember 24 2018 Clairton coke making facility fire\t(6)\t41\t0\n\tTax valuation allowance\t0\t334\t(374)\n\tLoss on extinguishment of debt and other related costs\t0\t0\t101\n\tUSW labor agreement signing bonus and related costs\t0\t0\t81\n\tGranite City Works restart and related costs\t0\t0\t80\n\tGain on equity investee transactions\t0\t0\t(38)\n\tGranite City Works temporary idling charges\t0\t0\t(8)\n\tTotal Adjustments\t245\t645\t(158)\n\tAdjusted net (loss) earnings attributable to United States Steel Corporation\t(920)\t15\t957\n", "q10k_tbl_3": "RECONCILIATION TO ADJUSTED NET (LOSS) EARNINGS PER SHARE (a)\t\t\t\t\n\t\tYear Ended December 31\t\t\n\t\t2020\t2019\t2018\nReconciliation to adjusted diluted net (loss) earnings per share\t\t\t\t\n\tDiluted net (loss) earnings per share as reported\t(5.92)\t(3.67)\t6.25\n\tAsset impairment charge\t1.34\t0\t0\n\tRestructuring and other charges\t0.67\t1.53\t0\n\tTubular inventory impairment\t0.12\t0\t0\n\tBig River Steel debt extinguishment charges (b)\t0.09\t0\t0\n\tUncertain tax positions\t0.07\t\t\n\tBig River Steel financing costs\t0.04\t0\t0\n\tBig River Steel transaction and other related costs\t0.02\t0\t0\n\tFairless property sale\t(0.74)\t0\t0\n\tBig River Steel options and forward adjustments (c)\t(0.20)\t0.04\t0\n\tGain on previously held investment in UPI\t(0.13)\t0\t0\n\tDecember 24 2018 Clairton coke making facility fire\t(0.03)\t0.23\t0\n\tTax valuation allowance\t0\t1.96\t(2.11)\n\tLoss on extinguishment of debt and other related costs\t0\t0\t0.57\n\tUSW labor agreement signing bonus and related costs\t0\t0\t0.45\n\tGranite City Works restart and related costs\t0\t0\t0.45\n\tGain on equity investee transactions\t0\t0\t(0.21)\n\tGranite City Works temporary idling charges\t0\t0\t(0.04)\n\tTotal adjustments\t1.25\t3.76\t(0.89)\n\tAdjusted diluted net (loss) earnings per share\t(4.67)\t0.09\t5.36\n", "q10k_tbl_4": "RECONCILIATION TO EBITDA AND ADJUSTED EBITDA\t\t\t\t\n\t\tYear Ended December 31\t\t\n(Dollars in millions)\t\t2020\t2019\t2018\nReconciliation to EBITDA and Adjusted EBITDA\t\t\t\t\n\tNet (loss) earnings attributable to United States Steel Corporation\t(1165)\t(630)\t1115\n\tIncome tax (benefit) provision\t(142)\t178\t(303)\n\tNet interest and other financial costs\t232\t222\t312\n\tDepreciation depletion and amortization expense\t643\t616\t521\n\tEBITDA\t(432)\t386\t1645\n\tAsset impairment charge\t263\t0\t0\n\tRestructuring and other charges\t138\t275\t0\n\tTubular inventory impairment\t24\t0\t0\n\tBig River Steel debt extinguishment charges (a)\t18\t0\t0\n\tBig River Steel transaction and other related costs\t3\t0\t0\n\tFairless property sale\t(145)\t0\t0\n\tGain on previously held investment in UPI\t(25)\t0\t0\n\tDecember 24 2018 Clairton coke making facility fire\t(6)\t50\t0\n\tUSW labor agreement signing bonus and related costs\t0\t0\t81\n\tGranite City Works restart and related costs\t0\t0\t80\n\tGain on equity investee transactions\t0\t0\t(38)\n\tGranite City Works temporary idling charges\t0\t0\t(8)\n\tAdjusted EBITDA\t(162)\t711\t1760\n", "q10k_tbl_5": "RECONCILIATION TO FREE CASH FLOW\t\t\t\t\n\t\tYear Ended December 31\t\t\n(Dollars in millions)\t\t2020\t2019\t2018\nReconciliation to Free Cash Flow\t\t\t\t\n\tNet cash provided by operating activities\t138\t682\t938\n\tCapital expenditures\t(725)\t(1252)\t(1001)\n\tDividends paid\t(8)\t(35)\t(36)\n\tFree Cash Flow\t(595)\t(605)\t(99)\n", "q10k_tbl_6": "RECONCILIATION TO TOTAL DEBT AND NET DEBT\t\t\t\t\n\t\tYear Ended December 31\t\t\n(Dollars in millions)\t\t2020\t2019\t2018\nReconciliation to Total Debt and Net Debt\t\t\t\t\n\tShort-term debt and current maturities of long-term debt\t192\t14\t65\n\tLong-term debt less unamortized discount and debt issuance costs\t4695\t3627\t2316\n\tTotal Debt\t4887\t3641\t2381\n\tLess: Cash and cash equivalents\t1985\t749\t1000\n\tNet Debt\t2902\t2892\t1381\n", "q10k_tbl_7": "(Thousands of Tons)\tFlat-Rolled\tUSSE\tTubular\tTotal\nMajor Market - 2020\t\t\t\t\nSteel Service Centers\t1450\t690\t0\t2140\nFurther Conversion - Trade Customers\t2063\t202\t0\t2265\n- Joint Ventures (1)\t415\t0\t0\t415\nTransportation and Automotive (1)\t2012\t517\t0\t2529\nConstruction and Construction Products\t1261\t775\t34\t2070\nContainers and Packaging\t913\t435\t0\t1348\nAppliances and Electrical Equipment\t497\t194\t0\t691\nOil Gas and Petrochemicals\t0\t5\t430\t435\nAll Other\t100\t223\t0\t323\nTOTAL\t8711\t3041\t464\t12216\nMajor Market - 2019\t\t\t\t\nSteel Service Centers\t1902\t740\t0\t2642\nFurther Conversion - Trade Customers\t2823\t214\t0\t3037\n- Joint Ventures (1)\t819\t0\t0\t819\nTransportation & Automotive (1)\t2620\t676\t0\t3296\nConstruction and Construction Products\t1076\t1048\t44\t2168\nContainers and Packaging\t652\t440\t0\t1092\nAppliances and Electrical Equipment\t570\t220\t0\t790\nOil Gas and Petrochemicals\t0\t0\t725\t725\nAll Other\t238\t252\t0\t490\nTOTAL\t10700\t3590\t769\t15059\nMajor Market - 2018 (2)\t\t\t\t\nSteel Service Centers\t1904\t799\t0\t2703\nFurther Conversion - Trade Customers\t2273\t287\t0\t2560\n- Joint Ventures (1)\t810\t0\t0\t810\nTransportation and Automotive (1)\t2874\t728\t0\t3602\nConstruction and Construction Products\t953\t1637\t38\t2628\nContainers and Packaging\t768\t439\t0\t1207\nAppliances and Electrical Equipment\t599\t261\t0\t860\nOil Gas and Petrochemicals\t0\t11\t742\t753\nAll Other\t329\t295\t0\t624\nTOTAL\t10510\t4457\t780\t15747\n", "q10k_tbl_8": "Approximate Active Employees as of December 31 2020\t\nNorth America\t13975\nSlovakia\t9375\nTotal\t23350\n", "q10k_tbl_9": "Flat-Rolled Operations Table\t\t\t\nOperations (Property Location)\tAnnual Production Capability\tProduction Facilities\tPrincipal Products and/or Services\nGary Works (Gary Indiana)\t7.5 million tons of raw steel\tfour blast furnaces six steelmaking vessels a vacuum degassing unit four slab casters a hot strip mill two pickling lines two cold reduction mills three temper mills a double cold reduction line four annealing facilities and two tin coating lines\tstrip mill plate in coil; hot-rolled cold-rolled and coated sheets; and tin mill products\nMidwest (Portage Indiana)\tfinishing facility\ta pickling line two cold reduction mills two temper mills a double cold reduction mill two annealing facilities two hot dip galvanizing lines a tin coating line and a tin-free steel line\thot-rolled cold-rolled and coated sheets; tin mill products; and electrical lamination sheets\nEast Chicago Tin (a) (Portage Indiana)\tfinishing facility\ta pickling line a cold reduction mill two annealing facilities a temper mill a tin coating line and a tin-free steel line\ttin mill products\nGreat Lakes Works (b) (Ecorse River Rouge and Dearborn Michigan)\t3.8 million tons of raw steel\tthree blast furnaces two steelmaking vessels a vacuum degassing unit two slab casters a hot strip mill a pickling line a tandem cold reduction mill three annealing facilities a temper mill a recoil and inspection line two electrolytic galvanizing lines (one being the former Double Eagle Steel Coating Company's (DESCO) line) and a hot dip galvanizing line\thot-rolled cold-rolled and coated sheets; and tin mill products\nMon Valley Works (c): Edgar Thompson (Braddock Pennsylvania) Irvin (West Mifflin Pennsylvania) Fairless (Fairless Hills Pennsylvania) and Clairton (Clairton Pennsylvania)\t2.9 million tons of raw steel and 4.3 million tons of coke\tEdgar Thompson: two blast furnaces two steelmaking vessels a vacuum degassing unit and a slab caster. Irvin: facilities include a hot strip mill two pickling lines a cold reduction mill three annealing facilities a temper mill and two hot dip galvanizing lines. Fairless: operates a hot dip galvanizing line. Clairton: ten coke batteries.\thot-rolled cold-rolled and coated sheets; and coke and coke by-products\nGranite City Works (d) (Granite City Illinois)\t2.8 million tons of raw steel\ttwo blast furnaces two steelmaking vessels two slab casters a hot strip mill a pickling line a tandem cold reduction mill and a hot dip galvanizing line\tslabs and hot-rolled cold-rolled and coated sheets\nGranite City Works (Granite City Illinois); Gateway Energy and Coke Company LLC (Gateway)\tcoke supply agreement\tGateway constructed a coke plant to supply Granite City Works with coke under a 15-year supply agreement that expires on December 31 2024. U. S. Steel owns and operates a cogeneration facility that utilizes by-products from the Gateway coke plant to generate heat and power.\tnot applicable\nUSS-POSCO Industries (UPI)(e) (Pittsburg California)\tfinishing facility\ta pickle line tandem cold reduction mill two annealing facilities a DUO mill a tin coating line a hot dip galvanizing line and a slitter line\tcold-rolled and coated sheets; tin mill products\nFairfield Works (Fairfield Alabama)\tfinishing facility\ta hot dip galvanizing line\tcoated sheets\nMinnesota Ore Operations: Minntac (Mt. Iron Minnesota) and Keetac (Keewatin Minnesota)\t22.4 million tons of iron ore pellets\tMinntac: mine and pelletizing plant Keetac: mine and pelletizing plant\tiron ore pellets\n", "q10k_tbl_10": "Joint Ventures (a) Within Flat-Rolled Table\t\t\t\t\nJoint Venture (Property Location)\tU. S. Steel's Ownership Percentage\tAnnual Production Capability\tProduction Facilities\tPrincipal Products and/or Services\nHibbing Taconite Company (Hibbing); (Hibbing Minnesota)\t14.7%\t9 million tons of which U. S. Steel's share is 1.3 million tons\tmine and pelletizing plant\tiron ore pellets\nPRO-TEC Coating Company (PRO-TEC) (Leipsic Ohio)\t50.0%\t2.0 million tons (b)\ta continuous annealing line (CAL) and three continuous galvanizing lines (CGL) (c)\tcold-rolled (d) and coated sheets\nDouble G Coatings Company (Double G) (e); Jackson Mississippi\t50.0%\t315 thousand tons\ta hot dip galvanizing line\tcoated sheets\nWorthington Specialty Processing (Worthington) (Jackson Canton and Taylor Michigan)\t49.0%\t890 thousand tons\tcoil processing: slits cuts to length and blanks\tsteel processing\nChrome Deposit Corporation (CDC) (six locations near major steel plants)\t50.0%\tnot applicable\troll reconditioning: grinding chrome plating and/or texturing\troll reconditioning\n(a) See further information about our equity investees in Note 12 to the Consolidated Financial Statements.\t\t\t\t\n(b) U. S. Steel's domestic production facilities supply PRO-TEC with cold-rolled sheets and U. S. Steel markets all of PRO-TEC's products.\t\t\t\t\n(c) In the second quarter of 2020 the third CGL line began producing production coils.\t\t\t\t\n(d) The CAL produces high-strength lightweight steels that are an integral component in automotive manufacturing as vehicle emission and safety requirements become increasingly stringent.\t\t\t\t\n(e) Each partner supplies its own steel to Double G and markets what is processed by Double G.\t\t\t\t\n", "q10k_tbl_11": "Tubular Operations Table\t\t\t\nOperations (Property Location)\tProduction Capability\tProduction Facility(s)\tPrincipal Products and Services\nFairfield Tubular Operations (a) (Fairfield Alabama)\t0.9 million tons of raw steel (b) and 750 thousand tons of tubular\tan electric arc furnace (EAF) slab caster and round caster with tubular capability to produce outer diameter (O.D.) sizes from 4.5 to 9.875 inches with quench and temper hydrotester threading and coupling and inspection capabilities\tseamless tubular pipe\nLorain Tubular Operations (c) (Lorain Ohio)\t380 thousand tons of tubular\ttubular capability to produce O.D. sizes from 10.125 to 26 inches and has quench and temper hydrotester cutoff and inspection capabilities\tseamless tubular pipe\nLone Star Tubular (d) (Lone Star Texas)\t#1 electric-weld pipe mill (EWPM) 400 thousand tons and #2 EWPM 380 thousand tons of tubular\ttubular capability to produce O.D. sizes from 1.088 to 7.15 inches with quench and temper hydrotester threading and coupling and inspection capabilities\twelded tubular pipe\nWheeling Machine Products (e) (Pine Bluff Arkansas and Hughes Springs Texas)\tnot applicable\ttubular capability to manufacture couplings used to connect individual sections of oilfield casing and tubing ranging from 2.375 to 20 inches\ttubular couplings\nOffshore Operations (Houston Texas)\tnot applicable\ttubular capability to thread inspect provide accessories and storage services and premium connections\ttubular threading inspection accessories and storage services and premium connections\nTubular Processing (f) (Houston Texas)\tnot applicable\ttubular capability to quench and temper and provide end-finishing services for oilfield production tubing\ttubular processing\n(a) The EAF commenced operation in October 2020.\t\t\t\n(b) Based on the rounds caster capacity.\t\t\t\n(c) In April 2020 the Lorain Tubular Operations was temporarily idled for an indefinite period of time.\t\t\t\n(d) In April 2020 Lone Star Tubular Operations was temporarily idled for an indefinite period of time\t\t\t\n(e) In April 2020 the Wheeling Machine Products at Hughes Springs Texas was temporarily idled for an indefinite period of time.\t\t\t\n(f) Tubular Processing has been temporarily idled since 2015.\t\t\t\n", "q10k_tbl_12": "Other Businesses Table\t\t\t\t\nOperations/Joint Venture (Property Location)\tU. S. Steel's Ownership Percentage\tProduction Capability\tProduction Facility(s)\tPrincipal Products and/or Services\nBig River Steel (a) (Osceola AR)\t49.9%\t3.3 million tons\ttwo EAFs two Ruhrstahl Heraeus degassers and slab casters; finishing facilities include a hot strip mill a pickle line a cold reduction mill and a galvanizing line\thot-rolled cold-rolled and coated sheets; and electrical\nTranstar LLC (Alabama Indiana Michigan Ohio Pennsylvania and Texas)\t100%\tnot applicable\tGary Railway Company in Indiana Lake Terminal Railroad Company and Lorain Northern Company in Ohio Union Railroad Company LLC in Pennsylvania Fairfield Southern Company Inc. in Alabama Delray Connecting Railroad Company in Michigan and Texas & Northern Railway Company in Texas\trailroad operations\nU. S. Steel's owned real estate assets held for development or managed (Alabama Illinois Michigan Minnesota and Pennsylvania)\t100%\t45000 acres\tsurface rights primarily in Alabama Illinois Michigan Minnesota and Pennsylvania\tdevelop and manage real estate\n(a) Big River Steel was an equity investee until the Company purchased the remaining interest on January 15 2021 see Note 5 and Note 12 to the Consolidated Financial Statements.\t\t\t\t\n", "q10k_tbl_13": "Name\tAge\tTitle\tExecutive Officer Since\nChristine S. Breves\t64\tSenior Vice President & Chief Financial Officer\tApril 27 2017\nJames E. Bruno\t55\tSenior Vice President - European Solutions and President - USSK\tDecember 1 2014\nScott D. Buckiso\t53\tSenior Vice President and Chief Manufacturing Officer North American Flat-Rolled\tMay 31 2015\nDavid B. Burritt\t65\tPresident & Chief Executive Officer\tSeptember 1 2013\nRichard L. Fruehauf\t53\tSenior Vice President - Strategic Planning and Chief Strategy and Development Officer\tMarch 1 2019\nManpreet S. Grewal\t41\tVice President & Controller\tMarch 30 2020\nDuane D. Holloway\t48\tSenior Vice President General Counsel and Chief Ethics & Compliance Officer\tApril 16 2018\nKenneth E. Jaycox\t53\tSenior Vice President and Chief Commercial Officer\tSeptember 28 2020\nA. Barry Melnkovic\t63\tSenior Vice President and Chief Human Resources Officer\tMarch 1 2018\n", "q10k_tbl_14": "\tAt December 31 2020\t\n\tHypothetical Rate Change\t\n(In millions)\t1%\t(1)%\nDiscount rates and interest rates\t\t\nIncremental change in:\t\t\nPension and other benefits obligations increase/(decrease)\t(719)\t861\nFixed income assets (increase)/decrease\t481\t(582)\nNet impact on funded status increase/(decrease)\t238\t(279)\n", "q10k_tbl_15": "(Dollars in millions excluding intersegment sales)\t2020\t2019\t2018\nFlat-Rolled\t7071\t9279\t9681\nUSSE\t1967\t2417\t3205\nTubular\t639\t1188\t1231\nTotal sales from reportable segments\t9677\t12884\t14117\nOther Businesses\t64\t53\t61\nNet sales\t9741\t12937\t14178\n", "q10k_tbl_16": "\tYear Ended December 31\t\n(Dollars in Millions)\t2020\t2019\nFlat-Rolled\t(596)\t196\nUSSE\t9\t(57)\nTubular\t(179)\t(67)\nTotal earnings (loss) from reportable segments\t(766)\t72\nOther Businesses\t(39)\t23\nSegment earnings (loss) before interest and income taxes\t(805)\t95\nOther items not allocated to segments:\t\t\nAsset impairment charges\t(263)\t0\nRestructuring and other charges (b)\t(138)\t(275)\nTubular inventory impairment\t(24)\t0\nBig River Steel debt extinguishment charges\t(18)\t0\nBig River Steel transaction and other related costs\t(3)\t0\nFairless property sale\t145\t0\nGain on previously held investment in UPI\t25\t0\nDecember 24 2018 Clairton coke making facility fire\t6\t(50)\nTotal (loss) earnings before interest and income taxes\t(1075)\t(230)\n", "q10k_tbl_17": "\tYear Ended December 31\t\n(Dollars in millions)\t2020\t2019\nInterest income\t(7)\t(17)\nInterest expense\t280\t142\nNet periodic benefit (income) cost (other than service cost)\t(25)\t91\nOther financial (gains) costs\t(16)\t6\nNet interest and other financial costs\t232\t222\n", "q10k_tbl_18": "Cash Conversion Cycle\t2020\t\t2019\t\n\t millions\tDays\t millions\tDays\nAccounts receivable net (a)\t994\t38\t1177\t42\n+ Inventories (b)\t1402\t54\t1785\t64\n- Accounts Payable and Other Accrued Liabilities (c)\t1861\t68\t1970\t69\n= Cash Conversion Cycle (d)\t\t24\t\t37\n", "q10k_tbl_19": "\tYear Ended December 31\t\n(Dollars in millions)\t2020\t2019\nOther employee benefits payments not funded by trusts\t46\t45\nPayments to a multiemployer pension plan\t76\t77\nPension related payments not funded by trusts\t7\t8\nReductions in cash flows from operating activities\t129\t130\n", "q10k_tbl_20": "(Dollars in millions)\t\t\t\t\t\t\n\t\t\tPayments Due by Period\t\t\t\nContractual Obligations\tTotal\t2021\t2022 through 2023\t2024 through 2025\tBeyond 2025\t\nDebt (including interest) and finance leases(a)\t7564\t524\t1047\t2913\t3080\t\nOperating leases(b)\t265\t73\t96\t57\t39\t\nContractual purchase commitments(c)\t5781\t3415\t1351\t313\t702\t\nCapital commitments(d)\t583\t442\t141\t0\t0\t\nEnvironmental commitments(d)\t146\t43\t0\t0\t103\t(e)\nSteelworkers Pension Trust(f)\t381\t73\t151\t157\t0\t\nPensions(g)\t0\t0\t0\t0\t0\t\nOther benefits(h)\t219\t47\t89\t83\t0\t\nTotal contractual obligations\t14939\t4617\t2875\t3523\t3924\t\n", "q10k_tbl_21": "(Dollars in millions)\t\t\t\t\t\t\n\t\tScheduled Reductions by Period\t\t\t\t\nCommercial Commitments\tTotal\t2021\t2022 through 2023\t2024 through 2025\tBeyond 2025\t\nStandby letters of credit(a)\t64\t46\t8\t0\t10\t(b)\nSurety bonds(a)\t104\t0\t0\t0\t104\t(b)\nFunded Trusts(a)\t54\t0\t0\t0\t54\t(b)\nTotal commercial commitments\t222\t46\t8\t0\t168\t\n", "q10k_tbl_22": "(Dollars in millions)\t\t\t\n\t2020\t2019\t2018\nNorth America:\t\t\t\nCapital\t36\t96\t105\nCompliance\t\t\t\nOperating & maintenance\t188\t213\t198\nRemediation(a)\t37\t22\t6\nTotal North America\t261\t331\t309\nUSSE:\t\t\t\nCapital\t6\t27\t20\nCompliance\t\t\t\nOperating & maintenance\t6\t10\t12\nRemediation(a)\t5\t8\t9\nTotal USSE\t17\t45\t41\nTotal U. S. Steel\t278\t376\t350\n", "q10k_tbl_23": "(Dollars in millions)\t2020\t2019\nBeginning Balance\t186\t187\nPlus: Additions\t7\t20\nLess: Obligations settled\t(47)\t(21)\nEnding Balance\t146\t186\n", "q10k_tbl_24": "(Dollars in millions)\t2020\t\t2019\t\nNon-Derivative Financial Instruments(a)\tFair Value(b)\tChange in Fair Value(c)\tFair Value(b)\tChange in Fair Value(c)\nFinancial liabilities:\t\t\t\t\nDebt(d)(e)\t5323\t141\t3576\t138\n", "q10k_tbl_25": "\tPAGE\nMANAGEMENT'S REPORT TO STOCKHOLDERS\t82\nREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM\t84\nCONSOLIDATED STATEMENTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31 2020 2019 AND 2018\t86\nCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) FOR THE YEARS ENDED DECEMBER 31 2020 2019 AND 2018\t87\nCONSOLIDATED BALANCE SHEETS AS OF DECEMBER 31 2020 AND 2019\t88\nCONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31 2020 2019 AND 2018\t89\nCONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY FOR THE YEARS ENDED DECEMBER 31 2020 2019 AND 2018\t90\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\t92\nSUPPLEMENTARY DATA (UNAUDITED)\t133\n", "q10k_tbl_26": "\tYear Ended December 31\t\t\n(Dollars in millions except per share amounts)\t2020\t2019\t2018\nNet sales:\t\t\t\nNet sales\t8765\t11506\t12758\nNet sales to related parties (Note 23)\t976\t1431\t1420\nTotal (Note 6)\t9741\t12937\t14178\nOperating expenses (income):\t\t\t\nCost of sales (excludes items shown below)\t9558\t12082\t12305\nSelling general and administrative expenses\t274\t289\t336\nDepreciation depletion and amortization (Notes 13 and 14)\t643\t616\t521\nLoss (earnings) from investees (Note 12)\t117\t(79)\t(61)\nAsset impairment charges (Note 1)\t263\t0\t0\nGain on equity investee transactions (Note 12)\t(31)\t0\t(38)\nRestructuring and other charges (Note 25)\t138\t275\t0\nNet gain on sale of assets\t(149)\t(1)\t(6)\nOther loss (income) net\t3\t(15)\t(3)\nTotal\t10816\t13167\t13054\n(Loss) earnings before interest and income taxes\t(1075)\t(230)\t1124\nInterest expense\t280\t142\t168\nInterest income\t(7)\t(17)\t(23)\nLoss on debt extinguishment (Note 7)\t0\t0\t98\nOther financial (gains) costs\t(16)\t6\t0\nNet periodic benefit (income) cost (other than service cost)\t(25)\t91\t69\nNet interest and other financial costs (Note 7)\t232\t222\t312\n(Loss) earnings before income taxes\t(1307)\t(452)\t812\nIncome tax (benefit) provision (Note 11)\t(142)\t178\t(303)\nNet (loss) earnings\t(1165)\t(630)\t1115\nLess: Net earnings attributable to noncontrolling interests\t0\t0\t0\n(Loss) earnings attributable to United States Steel Corporation\t(1165)\t(630)\t1115\n(Loss) earnings per common share (Note 8)\t\t\t\n(Loss) earnings per share attributable to United States Steel Corporation stockholders:\t\t\t\n- Basic\t(5.92)\t(3.67)\t6.31\n- Diluted\t(5.92)\t(3.67)\t6.25\n", "q10k_tbl_27": "\tYear Ended December 31\t\t\n(Dollars in millions)\t2020\t2019\t2018\nNet (loss) earnings\t(1165)\t(630)\t1115\nOther comprehensive income (loss) net of tax:\t\t\t\nChanges in foreign currency translation adjustments (a)\t68\t(22)\t(60)\nChanges in pension and other employee benefit accounts (a)\t385\t573\t(107)\nChanges in derivative financial instruments (a)\t(22)\t(3)\t(14)\nTotal other comprehensive income (loss) net of tax\t431\t548\t(181)\nComprehensive (loss) income including noncontrolling interest\t(734)\t(82)\t934\nComprehensive (loss) income attributable to noncontrolling interest\t0\t0\t0\nComprehensive (loss) income attributable to United States Steel Corporation\t(734)\t(82)\t934\n", "q10k_tbl_28": "\tDecember 31\t\n(Dollars in millions)\t2020\t2019\nAssets\t\t\nCurrent assets:\t\t\nCash and cash equivalents (Note 9)\t1985\t749\nReceivables less allowance of $34 and $28\t914\t956\nReceivables from related parties (Note 23)\t80\t221\nInventories (Note 10)\t1402\t1785\nOther current assets\t51\t102\nTotal current assets\t4432\t3813\nLong-term restricted cash (Note 9)\t130\t188\nInvestments and long-term receivables less allowance of $5 in both periods (Note 12)\t1177\t1466\nOperating lease assets (Note 24)\t214\t230\nProperty plant and equipment net (Note 13)\t5444\t5447\nIntangibles net (Note 14)\t129\t150\nDeferred income tax benefits (Note 11)\t22\t19\nOther noncurrent assets\t511\t295\nTotal assets\t12059\t11608\nLiabilities\t\t\nCurrent liabilities:\t\t\nAccounts payable and other accrued liabilities\t1779\t1970\nAccounts payable to related parties (Note 23)\t105\t84\nPayroll and benefits payable\t308\t336\nAccrued taxes\t154\t116\nAccrued interest\t59\t45\nCurrent operating lease liabilities (Note 24)\t59\t60\nShort-term debt and current maturities of long-term debt (Note 17)\t192\t14\nTotal current liabilities\t2656\t2625\nNoncurrent operating lease liabilities (Note 24)\t163\t177\nLong-term debt less unamortized discount and debt issuance costs (Note 17)\t4695\t3627\nEmployee benefits (Note 18)\t322\t532\nDeferred income tax liabilities (Note 11)\t11\t4\nDeferred credits and other noncurrent liabilities\t333\t550\nTotal liabilities\t8180\t7515\nContingencies and commitments (Note 26)\t\t\nStockholders' Equity\t\t\nCommon stock issued - 229105589 and 178555206 shares issued (par value $1 per share authorized 400000000 shares) (Note 8)\t229\t179\nTreasury stock at cost (8673131 shares and 8509337 shares)\t(175)\t(173)\nAdditional paid-in capital\t4402\t4020\n(Accumulated deficit) retained earnings\t(623)\t544\nAccumulated other comprehensive loss (Note 21)\t(47)\t(478)\nTotal United States Steel Corporation stockholders' equity\t3786\t4092\nNoncontrolling interests\t93\t1\nTotal liabilities and stockholders' equity\t12059\t11608\n", "q10k_tbl_29": "\tYear Ended December 31\t\t\n(Dollars in millions)\t2020\t2019\t2018\nIncrease (decrease) in cash and cash equivalents\t\t\t\nOperating activities:\t\t\t\nNet (loss) earnings\t(1165)\t(630)\t1115\nAdjustments to reconcile net cash provided by operating activities:\t\t\t\nDepreciation depletion and amortization (Notes 13 and 14)\t643\t616\t521\nAsset impairment charges (Note 1)\t263\t0\t0\nGain on equity investee transactions (Note 12)\t(31)\t0\t(38)\nRestructuring and other charges (Note 25)\t138\t275\t0\nLoss on debt extinguishment (Note 7)\t0\t0\t98\nPensions and other post-employment benefits\t(21)\t101\t77\nDeferred income taxes (Note 11)\t(130)\t202\t(329)\nNet gain on sale of assets\t(149)\t(1)\t(6)\nEquity investees loss (earnings) net of distributions received\t117\t(74)\t(47)\nChanges in:\t\t\t\nCurrent receivables\t98\t453\t(312)\nInventories\t506\t296\t(374)\nCurrent accounts payable and accrued expenses\t(29)\t(473)\t282\nIncome taxes receivable/payable\t20\t13\t(8)\nAll other net\t(122)\t(96)\t(41)\nNet cash provided by operating activities\t138\t682\t938\nInvesting activities:\t\t\t\nCapital expenditures\t(725)\t(1252)\t(1001)\nInvestment in Big River Steel\t(9)\t(710)\t0\nProceeds from sale of assets\t167\t4\t10\nProceeds from sale of ownership interests in equity investees\t8\t0\t30\nInvestments net\t(4)\t0\t(2)\nNet cash used in investing activities\t(563)\t(1958)\t(963)\nFinancing activities:\t\t\t\nNet change in short-term debt net of financing costs\t170\t0\t0\nRevolving credit facilities - borrowings net of financing costs\t1402\t860\t228\nRevolving credit facilities - repayments\t(1621)\t(100)\t0\nIssuance of long-term debt net of financing costs (Note 17)\t1148\t702\t640\nRepayment of long-term debt (Note 17)\t(13)\t(155)\t(1299)\nNet proceeds from public offering of common stock (Note 27)\t410\t0\t0\nProceeds from Stelco Option Agreement net of financing costs\t94\t0\t0\nCommon stock repurchased (Note 27)\t0\t(88)\t(75)\nReceipts from exercise of stock options (Note 15)\t0\t0\t35\nTaxes paid for equity compensation plans (Note 15)\t(1)\t(7)\t(8)\nDividends paid\t(8)\t(35)\t(36)\nNet cash provided by (used in) financing activities\t1581\t1177\t(515)\nEffect of exchange rate changes on cash\t23\t(2)\t(17)\nNet increase (decrease) in cash cash equivalents and restricted cash\t1179\t(101)\t(557)\nCash cash equivalents and restricted cash at beginning of year (Note 9)\t939\t1040\t1597\nCash cash equivalents and restricted cash at end of year (Note 9)\t2118\t939\t1040\n", "q10k_tbl_30": "\tDollars in Millions\t\t\tShares in Thousands\t\t\n\t2020\t2019\t2018\t2020\t2019\t2018\nCommon stock:\t\t\t\t\t\t\nBalance at beginning of year\t179\t177\t176\t178555\t177386\t176425\nCommon stock issued\t50\t2\t1\t50551\t1169\t961\nBalance at end of year\t229\t179\t177\t229106\t178555\t177386\nTreasury stock:\t\t\t\t\t\t\nBalance at beginning of year\t(173)\t(78)\t(76)\t(8509)\t(2858)\t(1203)\nCommon stock repurchased\t0\t(88)\t(75)\t0\t(5289)\t(2760)\nCommon stock (repurchased) reissued for employee/non-employee director stock plans\t(2)\t(7)\t73\t(164)\t(362)\t1105\nBalance at end of year\t(175)\t(173)\t(78)\t(8673)\t(8509)\t(2858)\nAdditional paid-in capital:\t\t\t\t\t\t\nBalance at beginning of year\t4020\t3917\t3932\t\t\t\nDividends on common stock\t(6)\t0\t0\t\t\t\nCommon stock issued\t360\t0\t0\t\t\t\nIssuance of conversion option in 2026 Senior Convertible Notes net of tax\t0\t77\t0\t\t\t\nEmployee stock plans\t28\t26\t(15)\t\t\t\nBalance at end of year\t4402\t4020\t3917\t\t\t\n", "q10k_tbl_31": "\t\t\t\tComprehensive (Loss) Income\t\t\n(Dollars in millions)\t2020\t2019\t2018\t2020\t2019\t2018\nRetained earnings:\t\t\t\t\t\t\nBalance at beginning of year\t544\t1212\t133\t\t\t\nNet (loss) earnings attributable to United States Steel Corporation\t(1165)\t(630)\t1115\t(1165)\t(630)\t1115\nDividends on common stock\t(2)\t(35)\t(36)\t\t\t\nOther\t0\t(3)\t0\t\t\t\nBalance at end of year\t(623)\t544\t1212\t\t\t\nAccumulated other comprehensive (loss) income:\t\t\t\t\t\t\nPension and other benefit adjustments (Note 18):\t\t\t\t\t\t\nBalance at beginning of year\t(843)\t(1416)\t(1309)\t\t\t\nChanges during year net of taxes (a)\t360\t580\t(108)\t360\t580\t(108)\nChanges during year equity investee net of taxes (a)\t25\t(7)\t1\t25\t(7)\t1\nBalance at end of year\t(458)\t(843)\t(1416)\t\t\t\nForeign currency translation adjustments:\t\t\t\t\t\t\nBalance at beginning of year\t381\t403\t463\t\t\t\nChanges during year net of taxes (a)\t68\t(22)\t(60)\t68\t(22)\t(60)\nBalance at end of year\t449\t381\t403\t\t\t\nDerivative financial instruments:\t\t\t\t\t\t\nBalance at beginning of year\t(16)\t(13)\t1\t\t\t\nChanges during year net of taxes (a)\t(22)\t(3)\t(14)\t(22)\t(3)\t(14)\nBalance at end of year\t(38)\t(16)\t(13)\t\t\t\nTotal balances at end of year\t(47)\t(478)\t(1026)\t\t\t\nTotal stockholders' equity\t3786\t4092\t4202\t\t\t\nNoncontrolling interests:\t\t\t\t\t\t\nBalance at beginning of year\t1\t1\t1\t\t\t\nStelco Option Agreement\t93\t0\t0\t\t\t\nOther\t(1)\t0\t0\t\t\t\nNet loss\t0\t0\t0\t0\t0\t0\nBalance at end of year\t93\t1\t1\t\t\t\nTotal comprehensive (loss) income\t\t\t\t(734)\t(82)\t934\n", "q10k_tbl_32": "(in millions)\tU.S.\tUSSE\tTotal Allowance\nBalance at December 31 2019\t12\t16\t28\nAdditional reserve\t5\t1\t6\nBalance at December 31 2020\t17\t17\t34\n", "q10k_tbl_33": "Effective Date\tASU\tDescription\nJanuary 1 2018\t2014-09\tRevenue from Contracts with Customers\nJanuary 1 2018\t2017-09\tCompensation - Stock Compensation: Scope of Modification Accounting\nJanuary 1 2018\t2017-12\tDerivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities\nJuly 1 2018\t2018-02\tReclassification of Certain Tax Effects from Accumulated Other Comprehensive Income\nJanuary 1 2019\t2018-07\tCompensation - Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting\nJanuary 1 2019\t2018-15\tIntangibles - Goodwill and Other - Internal Use Software (Subtopic 350-40): Customer's Accounting for Implementation Costs in a Cloud Computing Arrangement That is a Service Contract\n", "q10k_tbl_34": "(In millions)\tCustomer Sales\tIntersegment Sales\tNet Sales\t(Loss) Earnings from investees\t(Loss) Earnings before Interest and Income Taxes\tDepreciation depletion & amortization\tCapital expenditures\n2020\t\t\t\t\t\t\t\nFlat-Rolled\t7071\t208\t7279\t(9)\t(596)\t496\t484\nUSSE\t1967\t3\t1970\t0\t9\t97\t79\nTubular\t639\t7\t646\t4\t(179)\t39\t159\nTotal reportable segments\t9677\t218\t9895\t(5)\t(766)\t632\t722\nOther Businesses\t64\t98\t162\t(94)\t(39)\t11\t3\nReconciling Items and Eliminations\t0\t(316)\t(316)\t(18)\t(270)\t0\t0\nTotal\t9741\t0\t9741\t(117)\t(1075)\t643\t725\n2019\t\t\t\t\t\t\t\nFlat-Rolled\t9279\t281\t9560\t84\t196\t456\t943\nUSSE\t2417\t3\t2420\t0\t(57)\t92\t153\nTubular\t1188\t3\t1191\t5\t(67)\t46\t145\nTotal reportable segments\t12884\t287\t13171\t89\t72\t594\t1241\nOther Businesses\t53\t115\t168\t(10)\t23\t22\t11\nReconciling Items and Eliminations\t0\t(402)\t(402)\t0\t(325)\t0\t0\nTotal\t12937\t0\t12937\t79\t(230)\t616\t1252\n2018\t\t\t\t\t\t\t\nFlat-Rolled\t9681\t231\t9912\t54\t883\t367\t820\nUSSE\t3205\t23\t3228\t0\t359\t87\t104\nTubular\t1231\t5\t1236\t7\t(58)\t47\t45\nTotal reportable segments\t14117\t259\t14376\t61\t1184\t501\t969\nOther Businesses\t61\t125\t186\t0\t55\t20\t32\nReconciling Items and Eliminations\t0\t(384)\t(384)\t0\t(115)\t0\t0\nTotal\t14178\t0\t14178\t61\t1124\t521\t1001\n", "q10k_tbl_35": "\tDecember 31\t\n(In millions)\t2020\t2019\nFlat-Rolled\t7099\t7267\nUSSE (a)\t5502\t5360\nTubular\t887\t1150\nTotal reportable segments\t13488\t13777\nOther Businesses\t911\t1267\nCorporate reconciling items and eliminations(b)\t(2340)\t(3436)\nTotal assets\t12059\t11608\n", "q10k_tbl_36": "(In millions)\t2020\t2019\t2018\nItems not allocated to segments:\t\t\t\nAsset impairment charges\t(263)\t0\t0\nGain on previously held investment in UPI\t25\t0\t0\nTubular inventory impairment charges\t(24)\t0\t0\nDecember 24 2018 Clairton coke making facility fire\t6\t(50)\t0\nFairless property sale\t145\t0\t0\nBig River Steel debt extinguishment charges\t(18)\t0\t0\nBig River Steel transaction and other related costs\t(3)\t0\t0\nUnited Steelworkers labor agreement signing bonus and related costs\t0\t0\t(81)\nGranite City Works restart and related costs\t0\t0\t(80)\nRestructuring and other charges (Note 25)\t(138)\t(275)\t0\nGranite City Works temporary idling charges\t0\t0\t8\nGain on equity investee transactions (Note 12)\t0\t0\t38\nTotal reconciling items\t(270)\t(325)\t(115)\n", "q10k_tbl_37": "(In millions)\tYear\tExternal Sales\tAssets\t\nNorth America\t2020\t7774\t5590\t(a)\n\t2019\t10520\t5772\t(a)\n\t2018\t10973\t4432\t(a)\nEurope\t2020\t1967\t993\t\n\t2019\t2417\t947\t\n\t2018\t3205\t919\t\nTotal\t2020\t9741\t6583\t\n\t2019\t12937\t6719\t\n\t2018\t14178\t5351\t\n", "q10k_tbl_38": "Customer Sales by Product:\t\t\t\t\t\n(In millions) Year Ended December 31 2020\tFlat-Rolled\tUSSE\tTubular\tOther Businesses\tTotal\nSemi-finished\t94\t2\t0\t0\t96\nHot-rolled sheets\t1273\t793\t0\t0\t2066\nCold-rolled sheets\t2102\t164\t0\t0\t2266\nCoated sheets\t2990\t904\t0\t0\t3894\nTubular products\t0\t40\t621\t0\t661\nAll Other (a)\t612\t64\t18\t64\t758\nTotal\t7071\t1967\t639\t64\t9741\n(In millions) Year Ended December 31 2019\tFlat-Rolled\tUSSE\tTubular\tOther Businesses\tTotal\nSemi-finished\t305\t11\t0\t0\t316\nHot-rolled sheets\t2504\t997\t0\t0\t3501\nCold-rolled sheets\t2512\t283\t0\t0\t2795\nCoated sheets\t2993\t1006\t0\t0\t3999\nTubular products\t0\t40\t1166\t0\t1206\nAll Other (a)\t965\t80\t22\t53\t1120\nTotal\t9279\t2417\t1188\t53\t12937\n(In millions) Year Ended December 31 2018\tFlat-Rolled\tUSSE\tTubular\tOther Businesses\tTotal\nSemi-finished\t156\t174\t0\t0\t330\nHot-rolled sheets\t2816\t1313\t0\t0\t4129\nCold-rolled sheets\t2709\t384\t0\t0\t3093\nCoated sheets\t3090\t1164\t0\t0\t4254\nTubular products\t0\t48\t1195\t0\t1243\nAll Other (a)\t910\t122\t36\t61\t1129\nTotal\t9681\t3205\t1231\t61\t14178\n", "q10k_tbl_39": "(In millions)\t2020\t2019\t2018\nInterest income:\t\t\t\nInterest income\t(7)\t(17)\t(23)\nInterest expense and other financial costs:\t\t\t\nInterest incurred\t306\t162\t175\nLess interest capitalized\t26\t20\t7\nTotal interest expense\t280\t142\t168\nLoss on debt extinguishment (a)\t0\t0\t98\nNet periodic benefit (income) costs (other than service cost)\t(25)\t91\t69\nForeign currency net gain (b)\t(15)\t(17)\t(19)\nFinancial costs on:\t\t\t\nAmended Credit Agreement\t3\t5\t5\nUSSK credit facilities\t2\t1\t3\nOther (c)\t(21)\t10\t3\nAmortization of discounts and deferred financing costs\t15\t7\t8\nTotal other financial costs\t(16)\t6\t0\nNet interest and other financial costs\t232\t222\t312\n", "q10k_tbl_40": "(Dollars in millions except per share amounts)\t2020\t2019\t2018\nNet (loss) earnings attributable to United States Steel Corporation stockholders\t(1165)\t(630)\t1115\nWeighted-average shares outstanding (in thousands):\t\t\t\nBasic\t196721\t171418\t176633\nEffect of convertible notes\t0\t0\t0\nEffect of stock options restricted stock units and performance awards\t0\t0\t1828\nAdjusted weighted-average shares outstanding diluted\t196721\t171418\t178461\nBasic (loss) earnings per common share\t(5.92)\t(3.67)\t6.31\nDiluted (loss) earnings per common share\t(5.92)\t(3.67)\t6.25\n", "q10k_tbl_41": "(In thousands)\t2020\t2019\t2018\nSecurities granted under the 2005 Stock Incentive Plan\t6780\t4459\t1631\nSecurities convertible under the Senior Convertible Notes\t0\t650\t0\nTotal\t6780\t5109\t1631\n", "q10k_tbl_42": "\tDecember 31\t\t\n(In millions)\t2020\t2019\t2018\nCash and cash equivalents\t1985\t749\t1000\nRestricted cash in other current assets\t3\t2\t3\nLong-term restricted cash\t130\t188\t37\nTotal cash cash equivalents and restricted cash\t2118\t939\t1040\n", "q10k_tbl_43": "(In millions)\tDecember 31 2020\tDecember 31 2019\nRaw materials\t416\t628\nSemi-finished products\t633\t720\nFinished products\t300\t376\nSupplies and sundry items\t53\t61\nTotal\t1402\t1785\n", "q10k_tbl_44": "(In millions)\t2020\t2019\t2018\nUnited States\t(1303)\t(381)\t434\nForeign\t(4)\t(71)\t378\n(Loss) earnings before income taxes\t(1307)\t(452)\t812\n", "q10k_tbl_45": "\t2020\t\t\t2019\t\t\t2018\t\t\n(In millions)\tCurrent\tDeferred\tTotal\tCurrent\tDeferred\tTotal\tCurrent\tDeferred\tTotal\nFederal\t(10)\t(95)\t(105)\t(18)\t196\t178\t(40)\t(283)\t(323)\nState and local\t(3)\t(24)\t(27)\t0\t23\t23\t2\t(58)\t(56)\nForeign\t1\t(11)\t(10)\t(6)\t(17)\t(23)\t64\t12\t76\nTotal\t(12)\t(130)\t(142)\t(24)\t202\t178\t26\t(329)\t(303)\n", "q10k_tbl_46": "(In millions)\t2020\t2019\t2018\nStatutory rate applied to (loss) earnings before income taxes\t(275)\t(95)\t171\nValuation allowance\t367\t334\t(412)\nTax accounting benefit related to increase in OCI\t(138)\t0\t0\nExcess percentage depletion\t(31)\t(46)\t(48)\nState and local income taxes after federal income tax effects\t(47)\t(36)\t8\nEffects of foreign operations\t(10)\t(23)\t74\nU.S. impact of foreign operations\t1\t25\t(21)\nImpact of tax credits\t(18)\t5\t(71)\nAdjustment of prior years' federal income taxes\t12\t7\t0\nOther\t(3)\t7\t(4)\nTotal (benefit) provision\t(142)\t178\t(303)\n", "q10k_tbl_47": "\tDecember 31\t\n(In millions)\t2020\t2019\nDeferred tax assets:\t\t\nFederal tax loss carryforwards (expiring in 2035 through 2037)\t443\t176\nFederal capital loss carryforwards (expiring 2021)\t0\t27\nState tax credit carryforwards (expiring in 2021 through 2029)\t16\t18\nState tax loss carryforwards (expiring in 2021 through 2040)\t182\t130\nMinimum tax credit carryforwards\t0\t19\nGeneral business credit carryforwards (expiring in 2026 through 2040)\t103\t85\nForeign tax loss and credit carryforwards (expiring in 2023 through 2030)\t171\t170\nEmployee benefits\t71\t173\nContingencies and accrued liabilities\t52\t71\nOperating lease liabilities\t51\t58\nSection 59(e) amortization\t27\t18\nInvestments in subsidiaries and equity investees\t0\t49\nInventory\t21\t32\nOther temporary differences\t46\t17\nValuation allowance\t(796)\t(563)\nTotal deferred tax assets\t387\t480\nDeferred tax liabilities:\t\t\nProperty plant and equipment\t244\t368\nOperating right-of-use assets\t49\t58\nInvestments in subsidiaries and equity investees\t23\t0\nReceivables payables and debt\t22\t17\nIndefinite-lived intangible assets\t19\t19\nOther temporary differences\t19\t3\nTotal deferred tax liabilities\t376\t465\nNet deferred tax asset\t11\t15\n", "q10k_tbl_48": "(In millions)\t2020\t2019\t2018\nUnrecognized tax benefits beginning of year\t3\t35\t42\nIncreases - tax positions taken in prior years\t13\t0\t0\nDecreases - tax positions taken in prior years\t0\t0\t(2)\nSettlements\t0\t(32)\t0\nLapse of statute of limitations\t0\t0\t(5)\nUnrecognized tax benefits end of year\t16\t3\t35\n", "q10k_tbl_49": "\tDecember 31\t\n(In millions)\t2020\t2019\nEquity method investments\t1140\t1272\nReceivables due after one year less allowance of $5 in both periods\t34\t191\nOther\t3\t3\nTotal\t1177\t1466\n", "q10k_tbl_50": "(In millions)\t2020\t2019\t2018\nIncome data - year ended December 31:(a)\t\t\t\nNet Sales\t2485\t2528\t2193\nOperating income\t12\t253\t157\nNet earnings\t(124)\t235\t134\nBalance sheet date - December 31:\t\t\t\nCurrent Assets\t960\t1144\t642\nNoncurrent Assets\t3101\t2976\t853\nCurrent liabilities\t419\t573\t348\nNoncurrent Liabilities\t3063\t2542\t516\n", "q10k_tbl_51": "Investee\tDecember 31 2020 Interest\nBig River Steel(a)\t49.9%\nChrome Deposit Corporation\t50%\nDaniel Ross Bridge LLC\t50%\nDouble G Coatings Company Inc.\t50%\nHibbing Development Company\t24.1%\nHibbing Taconite Company(b)\t14.7%\nPatriot Premium Threading Services LLC\t50%\nPRO-TEC Coating Company LLC\t50%\nStrategic Investment Fund Partners II(c)\t5.2%\nWorthington Specialty Processing\t49%\n", "q10k_tbl_52": "\t\tDecember 31\t\n(In millions)\tUseful Lives\t2020\t2019\nLand and depletable property\t0\t237\t202\nBuildings\t35 years\t1154\t1105\nMachinery and equipment\t\t\t\nSteel producing\t2-30 years\t14417\t13658\nTransportation\t3-40 years\t282\t280\nOther\t5-30 years\t92\t129\nInformation technology\t5-6 years\t796\t787\nAssets under finance lease\t5-15 years\t113\t83\nConstruction in process\t0\t613\t833\nTotal\t\t17704\t17077\nLess accumulated depreciation and depletion\t\t12260\t11630\nNet\t\t5444\t5447\n", "q10k_tbl_53": "\t\tAs of December 31 2020\t\t\t\tAs of December 31 2019\t\t\n(In millions)\tUseful Lives\tGross Carrying Amount\tAccumulated Impairment (a)\tAccumulated Amortization\tNet Amount\tGross Carrying Amount\tAccumulated Amortization\tNet Amount\nCustomer relationships\t22 Years\t132\t55\t77\t0\t132\t76\t56\nPatents\t10-15 Years\t22\t7\t10\t5\t22\t8\t14\nEnergy Contract\t10 Years\t54\t0\t5\t49\t0\t0\t0\nOther\t4-20 Years\t14\t5\t9\t0\t14\t9\t5\nTotal amortizable intangible assets\t\t222\t67\t101\t54\t168\t93\t75\n", "q10k_tbl_54": "\tRestricted Stock Units\tTSR Performance Awards\tROCE Performance Awards (a)\n2020 Grants\t2640690\t671390\t0\n2019 Grants\t1005500\t210520\t527470\n2018 Grants\t824195\t79190\t247510\n", "q10k_tbl_55": "(In millions except per share amounts)\tYear Ended December 31 2020\tYear Ended December 31 2019\tYear Ended December 31 2018\nStock-based compensation expense recognized:\t\t\t\nCost of sales\t8\t9\t11\nSelling general and administrative expenses\t18\t17\t21\nDecrease in net income\t26\t26\t32\nDecrease in basic earnings per share\t0.13\t0.15\t0.14\nDecrease in diluted earnings per share\t0.13\t0.15\t0.13\n", "q10k_tbl_56": "\tShares\tWeighted- Average Exercise Price (per share)\tWeighted- Average Remaining Contractual Term (in years)\tAggregate Intrinsic Value (in millions)\nOutstanding at January 1 2020\t2351831\t27.08\t\t\nGranted\t0\t0\t\t\nExercised\t(22849)\t14.78\t\t\nForfeited or expired\t(282746)\t36.10\t\t\nOutstanding at December 31 2020\t2046236\t25.98\t3.72\t1\nExercisable at December 31 2020\t2046236\t25.98\t3.72\t1\nExercisable and expected to vest at December 31 2020\t2046236\t25.98\t3.72\t1\n", "q10k_tbl_57": "Performance Period\tFair Value (in millions)\tMinimum Shares\tTarget Shares\tMaximum Shares\n2020 - 2022\t5\t0\t671390\t1342780\n2019 - 2021\t16\t0\t632217\t1264434\n2018 - 2020\t13\t0\t281693\t563386\n", "q10k_tbl_58": "\tRestricted Stock Units\tTSR Performance Awards (a)\tROCE Performance Awards (a)\tTotal\tWeighted- Average Grant-Date Fair Value\nNonvested at January 1 2020\t1589824\t350317\t692843\t2632984\t30.72\nGranted\t2640690\t671390\t0\t3312080\t8.69\nVested\t(527534)\t0\t0\t(527534)\t30.55\nPerformance adjustment factor (b)\t0\t0\t(101587)\t(101587)\t34.82\nForfeited or expired\t(187255)\t(1556)\t(26107)\t(214918)\t19.00\nNonvested at December 31 2020\t3515725\t1020151\t565149\t5101025\t16.85\n", "q10k_tbl_59": "\t2020\t2019\t2018\nNumber of awards granted\t3312080\t1743490\t1150895\nWeighted-average grant-date fair value per share\t8.69\t24.46\t41.65\n", "q10k_tbl_60": "Hedge Contracts\tClassification\tDecember 31 2020\t\tDecember 31 2019\t\nNatural gas (in mmbtus)\tCommodity purchase swaps\t38801400\t\t56613200\t\nTin (in metric tons)\tCommodity purchase swaps\t812\t\t145\t\nZinc (in metric tons)\tCommodity purchase swaps\t25361\t\t9819\t\nElectricity (in megawatt hours)\tCommodity purchase swaps\t760320\t\t0\t\nHot-rolled coils (in tons)\tSales swaps\t120000\t\t0\t\nForeign currency (in millions of euros)\tForeign exchange forwards\t€\t242\t€\t282\nForeign currency (in millions of CAD)\tForeign exchange forwards\t0\t\t25\t\n", "q10k_tbl_61": "(In millions) Designated as Hedging Instruments\tBalance Sheet Location\tDecember 31 2020\tDecember 31 2019\nSales swaps\tAccounts payable\t26\t0\nSales swaps\tOther long-term liabilities\t0\t0\nCommodity purchase swaps\tAccounts receivable\t5\t1\nCommodity purchase swaps\tAccounts payable\t10\t17\nCommodity purchase swaps\tInvestments and long-term receivables\t0\t1\nCommodity purchase swaps\tOther long-term liabilities\t0\t7\nForeign exchange forwards\tAccounts payable\t18\t1\nForeign exchange forwards\tOther long-term liabilities\t0\t0\nNot Designated as Hedging Instruments\t\t\t\nCommodity purchase swaps\tInvestments and long-term receivables\t1\t4\n", "q10k_tbl_62": "\t(Loss) Gain on Derivatives in AOCI\t\t\t\tAmount of Loss Recognized in Income\t\t\n(In millions)\t2020\t2019\t2018\tLocation of Reclassification from AOCI (a)\t2020\t2019\t2018\nSales swaps\t(26)\t1\t0\tNet sales (b)\t0\t(1)\t(13)\nCommodity purchase swaps\t17\t(6)\t(15)\tCost of sales (c)\t(24)\t(19)\t(8)\nForeign exchange forwards\t(17)\t1\t(2)\tCost of sales\t(7)\t(1)\t0\n", "q10k_tbl_63": "\t\t\tDecember 31\t\n(In millions)\tInterest Rates %\tMaturity\t2020\t2019\n2037 Senior Notes\t6.650\t2037\t350\t350\n2026 Senior Notes\t6.250\t2026\t650\t650\n2026 Senior Convertible Notes\t5.000\t2026\t350\t350\n2025 Senior Notes\t6.875\t2025\t750\t750\n2025 Senior Secured Notes\t12.000\t2025\t1056\t0\nExport-Import Credit Agreement\tVariable\t2021\t180\t0\nEnvironmental Revenue Bonds\t4.875 - 6.750\t2024 - 2050\t717\t620\nFinance leases and all other obligations\t\t2021-2029\t81\t66\nECA Credit Agreement\tVariable\t2031\t113\t0\nCredit Facility Agreement $2.0 billion\tVariable\t2024\t500\t600\nUPI Amended Credit Facility\tVariable\t2020\t0\t0\nUSSK Credit Agreement\tVariable\t2023\t368\t393\nUSSK credit facilities\tVariable\t2021\t0\t0\nTotal debt\t\t\t5115\t3779\nLess unamortized discount and debt issuance costs\t\t\t228\t138\nLess short-term debt and long-term debt due within one year\t\t\t192\t14\nLong-term debt\t\t\t4695\t3627\n", "q10k_tbl_64": "Year\tRedemption Price\n2022\t106%\n2023\t103%\n2024 and thereafter\t100%\n", "q10k_tbl_65": "2021\t2022\t2023\t2024\t2025\tLater Years\tTotal\n196\t22\t379\t568\t1813\t2137\t5115\n", "q10k_tbl_66": "\tPension Benefits\t\tOther Benefits\t\n(In millions)\t2020\t2019\t2020\t2019\nChange in benefit obligations\t\t\t\t\nBenefit obligations at January 1\t5822\t5626\t1876\t2121\nService cost\t51\t44\t12\t13\nInterest cost\t193\t237\t63\t91\nUPI acquisition\t246\t0\t56\t0\nActuarial losses (gains)\t400\t416\t(23)\t(195)\nExchange rate loss\t3\t1\t0\t0\nSettlements curtailments and termination benefits\t4\t0\t4\t0\nBenefits paid\t(533)\t(502)\t(147)\t(154)\nBenefit obligations at December 31\t6186\t5822\t1841\t1876\nChange in plan assets\t\t\t\t\nFair value of plan at January 1\t5406\t4960\t2025\t1860\nActual return on plan assets\t922\t948\t219\t274\nUPI acquisition\t238\t0\t1\t0\nAsset reversion\t0\t0\t(38)\t0\nEmployer contributions\t0\t0\t1\t0\nBenefits paid from plan assets\t(531)\t(502)\t(97)\t(109)\nFair value of plan assets at December 31\t6035\t5406\t2111\t2025\nFunded status of plans at December 31\t(151)\t(416)\t270\t149\n", "q10k_tbl_67": "\t\t2020\t\t\n(In millions)\t12/31/2019\tAmortization\tActivity\t12/31/2020\nPensions\t\t\t\t\nPrior Service Cost\t16\t(2)\t0\t14\nActuarial Losses\t2101\t(147)\t(190)\t1764\nOther Benefits\t\t\t\t\nPrior Service Credit\t(109)\t6\t0\t(103)\nActuarial Gains\t(411)\t16\t(161)\t(556)\n", "q10k_tbl_68": "\tPension Benefits\t\tOther Benefits\t\n(In millions)\t2020\t2019\t2020\t2019\nNoncurrent assets (a)\t12\t0\t326\t158\nCurrent liabilities\t(9)\t(3)\t(4)\t(1)\nNoncurrent liabilities\t(154)\t(413)\t(52)\t(8)\nAccumulated other comprehensive loss (b)\t1778\t2117\t(659)\t(520)\nNet amount recognized\t1627\t1701\t(389)\t(371)\n", "q10k_tbl_69": "\tDecember 31\t\n(In millions)\t2020\t2019\nInformation for pension plans with an accumulated benefit obligation in excess of plan assets:\t\t\nAggregate accumulated benefit obligations (ABO)\t(5979)\t(5636)\nAggregate projected benefit obligations (PBO)\t(6186)\t(5822)\nAggregate fair value of plan assets\t6035\t5406\n", "q10k_tbl_70": "\tPension Benefits\t\t\tOther Benefits\t\t\n(In millions)\t2020\t2019\t2018\t2020\t2019\t2018\nComponents of net periodic benefit cost:\t\t\t\t\t\t\nService cost\t51\t44\t49\t12\t13\t17\nInterest cost\t193\t237\t233\t63\t91\t92\nExpected return on plan assets\t(333)\t(324)\t(361)\t(80)\t(79)\t(82)\nAmortization - prior service costs (credits)\t2\t2\t0\t(6)\t29\t29\n- actuarial losses (gains)\t145\t132\t152\t(16)\t3\t4\nNet periodic benefit cost excluding below\t58\t91\t73\t(27)\t57\t60\nMultiemployer plans (a)\t76\t77\t60\t0\t0\t0\nSettlement termination and curtailment losses\t11\t11\t10\t4\t0\t0\nNet periodic benefit cost\t145\t179\t143\t(23)\t57\t60\n", "q10k_tbl_71": "\tPension Benefits\t\tOther Benefits\t\n\t2020\t2019\t2020\t2019\n\tU.S. and Europe\tU.S. and Europe\tU.S.\tU.S.\nActuarial assumptions used to determine benefit obligations at December 31:\t\t\t\t\nDiscount rate\t2.72%\t3.35%\t2.80%\t3.43%\nIncrease in compensation rate\t2.62%\t2.60%\tN/A\tN/A\n", "q10k_tbl_72": "\tPension Benefits\t\t\tOther Benefits\t\t\n\t2020\t2019\t2018\t2020\t2019\t2018\n\tU.S. and Europe\tU.S. and Europe\tU.S. and Europe\tU.S.\tU.S.\tU.S.\nActuarial assumptions used to determine net periodic benefit cost for the year ended December 31:\t\t\t\t\t\t\nDiscount rate\t3.35%\t4.41%\t4.00%\t3.42%\t4.47%\t4.03%\nExpected annual return on plan assets\t6.47%\t6.50%\t6.85%\t4.25%\t4.25%\t4.25%\nIncrease in compensation rate\t2.62%\t2.60%\t2.60%\tN/A\tN/A\tN/A\n", "q10k_tbl_73": "\t2020\t2019\nAssumed health care cost trend rates at December 31:\tU.S.\tU.S.\nHealth care cost trend rate assumed for next year\t6.50%\t6.50%\nRate to which the cost trend rate is assumed to decline (the ultimate trend rate)\t4.50%\t4.50%\nYear that the rate reaches the ultimate trend rate\t2029\t2028\n", "q10k_tbl_74": "\t2020\t\t\t\t\t2019\t\t\t\t\t\n\tLevel 1\tLevel 2\tLevel 3\tmeasured at NAV (a)\tTotal\tLevel 1\t\tLevel 2\tLevel 3\tmeasured at NAV (a)\tTotal\nAsset Category\t\t\t\t\t\t\t\t\t\t\t\nEquity\t\t\t\t\t\t\t\t\t\t\t\nU. S. companies\t306\t0\t0\t0\t306\t123\t\t0\t0\t0\t123\nInternational companies\t177\t0\t0\t0\t177\t7\t\t0\t0\t0\t7\nTotal equity\t483\t0\t0\t0\t483\t130\t\t0\t0\t0\t130\nFixed Income\t\t\t\t\t\t\t\t\t\t\t\nCorporate Bonds - U.S.\t0\t1514\t0\t0\t1514\t0\t\t1004\t0\t0\t1004\nCorporate Bonds - Non-U.S.\t0\t252\t0\t0\t252\t0\t\t160\t0\t0\t160\nU.S. government and agencies\t0\t202\t0\t0\t202\t0\t\t771\t0\t0\t771\nNon-U.S. government\t0\t97\t0\t0\t97\t0\t\t77\t0\t0\t77\nMortgage and asset-backed securities\t0\t213\t0\t0\t213\t0\t\t265\t0\t0\t265\nTotal fixed income\t0\t2278\t0\t0\t2278\t0\t\t2277\t0\t0\t2277\nAlternatives\t\t\t\t\t\t\t\t\t\t\t\nTimberlands\t0\t0\t269\t0\t269\t0\t\t0\t283\t0\t283\nMineral Interests and other alternatives\t0\t0\t19\t0\t19\t0\t\t0\t2\t0\t2\nPrivate equity\t0\t0\t0\t231\t231\t0\t\t0\t0\t238\t238\nReal estate\t0\t0\t36\t205\t241\t0\t\t0\t32\t240\t272\nTotal alternatives\t0\t0\t324\t436\t760\t0\t0\t0\t317\t478\t795\nCommingled Funds\t0\t0\t0\t2289\t2289\t0\t\t0\t0\t2170\t2170\nShort-Term Investments\t173\t0\t0\t0\t173\t0\t\t0\t0\t0\t0\nOther (b)\t52\t0\t0\t0\t52\t34\t\t0\t0\t0\t34\nTotal assets at fair value\t708\t2278\t324\t2725\t6035\t164\t\t2277\t317\t2648\t5406\n", "q10k_tbl_75": "\tLevel 3 assets only\t\n(In millions)\t2020\t2019\nBalance at beginning of period\t317\t331\nTransfers in and/or out of Level 3\t0\t0\nActual return on plan assets:\t\t\nRealized gain\t2\t8\nNet unrealized loss\t(9)\t(21)\nPurchases sales issuances and settlements:\t\t\nPurchases\t17\t1\nSales\t(3)\t(2)\nBalance at end of period\t324\t317\n", "q10k_tbl_76": "\t2020\t\t\t\t\t2019\t\t\t\t\t\n\tLevel 1\tLevel 2\tLevel 3\tmeasured at NAV (a)\tTotal\tLevel 1\t\tLevel 2\tLevel 3\tmeasured at NAV (a)\tTotal\nAsset Category\t\t\t\t\t\t\t\t\t\t\t\nEquity\t\t\t\t\t\t\t\t\t\t\t\nU. S. companies\t77\t0\t0\t0\t77\t30\t\t0\t0\t0\t30\nInternational companies\t27\t0\t0\t0\t27\t19\t\t0\t0\t0\t19\nTotal equity\t104\t0\t0\t0\t104\t49\t\t0\t0\t0\t49\nFixed Income\t\t\t\t\t\t\t\t\t\t\t\nCorporate Bonds - U.S.\t0\t1121\t0\t0\t1121\t0\t\t1132\t0\t0\t1132\nCorporate Bonds - Non-U.S.\t0\t231\t0\t0\t231\t0\t\t287\t0\t0\t287\nU.S. government and agencies\t0\t365\t0\t0\t365\t0\t\t329\t0\t0\t329\nNon-U.S. government\t0\t9\t0\t0\t9\t0\t\t13\t0\t0\t13\nMortgage and asset-backed securities\t0\t31\t0\t0\t31\t0\t\t38\t0\t0\t38\nTotal fixed income\t0\t1757\t0\t0\t1757\t0\t\t1799\t0\t0\t1799\nAlternatives\t\t\t\t\t\t\t\t\t\t\t\nTimberlands\t0\t0\t35\t0\t35\t0\t\t0\t35\t0\t35\nPrivate equity\t0\t0\t0\t48\t48\t0\t\t0\t0\t54\t54\nReal estate\t0\t0\t0\t29\t29\t0\t\t0\t0\t32\t32\nTotal alternatives\t0\t0\t35\t77\t112\t0\t0\t0\t35\t86\t121\nShort-Term Investments\t102\t0\t0\t0\t102\t31\t\t0\t0\t0\t31\nOther (b)\t36\t0\t0\t0\t36\t25\t\t0\t0\t0\t25\nTotal assets at fair value\t242\t1757\t35\t77\t2111\t105\t\t1799\t35\t86\t2025\n", "q10k_tbl_77": "\tLevel 3 assets only\t\n(In millions)\t2020\t2019\nBalance at beginning of period\t35\t35\nTransfers in and/or out of Level 3\t0\t0\nActual return on plan assets:\t\t\nRealized gain\t0\t0\nNet unrealized loss\t0\t0\nPurchases sales issuances and settlements:\t\t\nPurchases\t2\t0\nSales\t(2)\t0\nBalance at end of period\t35\t35\n", "q10k_tbl_78": "\tEmployer Identification Number/ Pension Plan Number\tPension Protection Act Zone Status as of December 31 (a)\t\tFIP/RP Status Pending/Implemented(b)\tU.S. Steel Contributions (in millions)\t\t\tSurcharge Imposed(c)\t\tExpiration Date of Collective Bargaining Agreement\nPension Fund\t2020\t2019\t2020\t2019\t2018\t2020\t2019\nSteelworkers Pension Trust\t23-6648508/499\tGreen\tGreen\tNo\t76\t77\t60\tNo\tNo\tSeptember 1 2022\n", "q10k_tbl_79": "(In millions)\tPension Benefits\tOther Benefits\n2021\t499\t147\n2022\t459\t146\n2023\t435\t143\n2024\t421\t141\n2025\t409\t138\nYears 2026 - 2028\t1867\t604\n", "q10k_tbl_80": "\tDecember 31\t\n(In millions)\t2020\t2019\nBalance at beginning of year\t58\t60\nAdditional obligations incurred\t5\t4\nObligations settled\t(7)\t(9)\nForeign currency translation effects\t1\t0\nAccretion expense\t3\t3\nBalance at end of period\t60\t58\n", "q10k_tbl_81": "(In millions)\tBalance Sheet Location\tFair Value asset/(liability at Purchase Date (a)\tFair Value Mark to Market gain/(loss)\tFair Value asset/(liability) December 31 2019\tFair Value Mark to Market gain/(loss)\tFair Value asset/(liability) at December 31 2020\nU. S. Steel Call Option\tInvestments and Long-Term Receivables\t162\t4\t166\t(166)\t0\nClass B Common Put Option\tDeferred credits and other noncurrent liabilities\t(181)\t(11)\t(192)\t192\t0\nClass B Common Call Option\tDeferred credits and other noncurrent liabilities\t(2)\t0\t(2)\t2\t0\nContingent forward asset\tInvestments and Long-Term Receivables\t\t0\t0\t11\t11\nNet Mark to Market Impact\t\t\t(7)\t\t39\t\n", "q10k_tbl_82": "\tDecember 31 2020\t\tDecember 31 2019\t\n(In millions)\tFair Value\tCarrying Amount\tFair Value\tCarrying Amount\nFinancial liabilities:\t\t\t\t\nShort-term and long-term debt (a)\t5323\t4806\t3576\t3575\n", "q10k_tbl_83": "(In millions)\tPension and Other Benefit Items\tForeign Currency Items\tUnrealized Gain (Loss) on Derivatives\tTotal\nBalance at December 31 2018\t(1416)\t403\t(13)\t(1026)\nOther comprehensive income (loss) before reclassifications\t446\t(22)\t(19)\t405\nAmounts reclassified from AOCI (a)\t127\t0\t16\t143\nNet current-period other comprehensive income (loss)\t573\t(22)\t(3)\t548\nBalance at December 31 2019\t(843)\t381\t(16)\t(478)\nOther comprehensive income (loss) before reclassifications\t271\t68\t(49)\t290\nAmounts reclassified from AOCI (a)\t114\t0\t27\t141\nNet current-period other comprehensive income (loss)\t385\t68\t(22)\t431\nBalance at December 31 2020\t(458)\t449\t(38)\t(47)\n", "q10k_tbl_84": "(In millions) (a)\tAmount reclassified from AOCI\t\t\nDetails about AOCI components\t2020\t2019\t2018\nAmortization of pension and other benefit items\t\t\t\nPrior service costs (a)\t(4)\t31\t29\nActuarial losses (a)\t129\t135\t156\nSettlements termination and curtailment gains (a)\t2\t3\t10\nUPI purchase accounting adjustment\t23\t0\t0\nTotal pensions and other benefits items\t150\t169\t195\nDerivative reclassifications to Consolidated Statements of Operations\t32\t22\t(19)\nTotal before tax\t182\t191\t176\nTax provision\t(41)\t(48)\t(42)\nNet of tax\t141\t143\t134\n", "q10k_tbl_85": "\tYear Ended December 31\t\t\n(In millions)\t2020\t2019\t2018\nNet cash (used in) provided by operating activities included:\t\t\t\nInterest and other financial costs paid (net of amount capitalized)\t(248)\t(151)\t(207)\nIncome taxes refunded (paid)\t45\t38\t(39)\nNon-cash investing and financing activities:\t\t\t\nChange in accrued capital expenditures\t(121)\t(70)\t135\nU. S. Steel common stock issued for employee/non-employee director stock plans\t19\t19\t21\nCapital expenditures funded by finance lease borrowings\t31\t46\t0\nExport Credit Agreement (ECA) financing\t34\t0\t0\nBig River Steel put and call options (a)\t0\t21\t0\n", "q10k_tbl_86": "(In millions)\tBalance Sheet Location\tDecember 31 2020\tDecember 31 2019\nAssets\t\t\t\nOperating\tOperating lease assets (a)\t214\t230\nFinance\tProperty plant and equipment (b)\t73\t56\nTotal Lease Assets\t\t287\t286\nLiabilities\t\t\t\nCurrent\t\t\t\nOperating\tCurrent operating lease liabilities\t59\t60\nFinance\tCurrent portion of long-term debt\t16\t11\nNon-Current\t\t\t\nOperating\tNoncurrent operating lease liabilities\t163\t177\nFinance\tLong-term debt less unamortized discount and issue costs\t65\t51\nTotal Lease Liabilities\t\t303\t299\n", "q10k_tbl_87": "(In millions)\tClassification\tYear Ended December 31 2020\tYear Ended December 31 2019\nOperating Lease Cost (a)\tCost of sales\t67\t81\nOperating Lease Cost\tSelling general and administrative expenses\t14\t11\nFinance Lease Cost\t\t\t\nAmortization\tDepreciation depletion and amortization\t14\t7\nInterest\tInterest expense\t4\t3\nTotal Lease Cost\t\t99\t102\n", "q10k_tbl_88": "(In millions)\tOperating\tFinance\tTotal\n2021\t73\t20\t93\n2022\t54\t24\t78\n2023\t42\t12\t54\n2024\t33\t10\t43\n2025\t24\t8\t32\nAfter 2025\t39\t17\t56\nTotal Lease Payments\t265\t91\t356\nLess: Interest\t43\t10\t53\nPresent value of lease liabilities\t222\t81\t303\n", "q10k_tbl_89": "(In millions)\tYear Ended December 31 2020\tYear Ended December 31 2019\nCash paid for amounts included in the measurement of lease liabilities:\t\t\nOperating cash flows from operating leases\t71\t72\nOperating cash flows from finance leases\t4\t3\nFinancing cash flows from finance leases\t13\t7\nRight-of-use assets exchanged for lease liabilities:\t\t\nOperating leases\t41\t53\nFinance leases\t31\t46\n", "q10k_tbl_90": "(in millions)\tEmployee Related Costs\tExit Costs\tNon-cash Charges\tTotal\nBalance at December 31 2018\t0\t17\t0\t17\nAdditional charges\t111\t119\t45\t275\nCash payments/utilization\t(24)\t(11)\t(45)\t(80)\nBalance at December 31 2019\t87\t125\t0\t212\nAdditional charges\t81\t53\t4\t138\nCash payments/utilization\t(117)\t(52)\t(4)\t(173)\nBalance at December 31 2020\t51\t126\t0\t177\n", "q10k_tbl_91": "(in millions)\tDecember 31 2020\tDecember 31 2019\nAccounts payable\t34\t46\nPayroll and benefits payable\t29\t64\nEmployee benefits\t22\t23\nDeferred credits and other noncurrent liabilities\t92\t79\nTotal\t177\t212\n", "q10k_tbl_92": "Period ended\tOpening Number of Claims\tClaims Dismissed Settled and Resolved (a)\tNew Claims\tClosing Number of Claims\nDecember 31 2018\t3315\t1285\t290\t2320\nDecember 31 2019\t2320\t195\t265\t2390\nDecember 31 2020\t2390\t240\t295\t2445\n", "q10k_tbl_93": "\tYear Ended December 31\t\n(In millions)\t2020\t2019\nBeginning of period\t186\t187\nAccruals for environmental remediation deemed probable and reasonably estimable\t7\t20\nObligations settled\t(47)\t(21)\nEnd of period\t146\t186\n", "q10k_tbl_94": "(In millions)\tDecember 31 2020\tDecember 31 2019\nAccounts payable\t43\t53\nDeferred credits and other noncurrent liabilities\t103\t133\nTotal\t146\t186\n", "q10k_tbl_95": "2021\t2022\t2023\t2024\t2025\tLater years\tTotal\n962\t956\t395\t175\t139\t702\t3329\n", "q10k_tbl_96": "\t2020\t\t\t\t2019\t\t\t\n(In millions except per share data)\t4th Qtr. (a)\t3rd Qtr.\t2nd Qtr.\t1st Qtr.\t4th Qtr.\t3rd Qtr.\t2nd Qtr.\t1st Qtr.\nNet sales\t2562\t2340\t2091\t2748\t2824\t3069\t3545\t3499\nSegment (loss) earnings before interest and income taxes:\t\t\t\t\t\t\t\t\nFlat-rolled\t(73)\t(159)\t(329)\t(35)\t(79)\t46\t134\t95\nUSSE\t36\t13\t(26)\t(14)\t(30)\t(46)\t(10)\t29\nTubular\t(32)\t(52)\t(47)\t(48)\t(46)\t(25)\t(6)\t10\nTotal reportable segments\t(69)\t(198)\t(402)\t(97)\t(155)\t(25)\t118\t134\nOther Businesses\t(6)\t(13)\t(21)\t1\t(3)\t8\t10\t8\nItems not allocated to segments\t118\t0\t(109)\t(279)\t(218)\t(63)\t(13)\t(31)\nTotal earnings (loss) before interest and income taxes\t43\t(211)\t(532)\t(375)\t(376)\t(80)\t115\t111\nNet earnings (loss)\t49\t(234)\t(589)\t(391)\t(668)\t(84)\t68\t54\nNet earnings (loss) attributable to United States Steel Corporation\t49\t(234)\t(589)\t(391)\t(668)\t(84)\t68\t54\nGross profit\t178\t45\t(183)\t143\t43\t167\t318\t327\nCommon stock data\t\t\t\t\t\t\t\t\nNet earnings (loss) per share attributable to United States Steel Corporation\t\t\t\t\t\t\t\t\n- Basic\t0.22\t(1.06)\t(3.36)\t(2.30)\t(3.93)\t(0.49)\t0.39\t0.31\n- Diluted\t0.22\t(1.06)\t(3.36)\t(2.30)\t(3.93)\t(0.49)\t0.39\t0.31\nDividends paid per share\t0.01\t0.01\t0.01\t0.01\t0.05\t0.05\t0.05\t0.05\n", "q10k_tbl_97": "\tProven and Probable Reserves As of December 31 2020\t\t\tProduction\t\t\n(Millions of short tons)\tOwned\tLeased\tTotal\t2020\t2019\t2018\nIron ore pellets:\t\t\t\t\t\t\nMinntac Mine and Pellet Plant\t112\t288\t400\t14.1\t14.4\t15.9\nKeetac Mine and Pellet Plant\t19\t347\t366\t2.0\t5.8\t5.9\nHibbing Taconite Company(1)\t0\t5\t5\t0.9\t1.2\t1.3\nTotal\t131\t640\t771\t17.0\t21.4\t23.1\n", "q10k_tbl_98": "(Thousands of tons unless otherwise noted)\t2020\t2019\t2018\t2017\t2016\nRaw Steel Production\t\t\t\t\t\nGary IN\t4675\t4974\t5958\t5755\t5608\nGreat Lakes MI\t328\t1964\t2369\t2592\t2543\nMon Valley PA\t2552\t2331\t2640\t2473\t2555\nGranite City IL\t1758\t2140\t926\t0\t0\nTotal Flat-Rolled facilities\t9313\t11409\t11893\t10820\t10706\nFairfield AL\t16\t0\t0\t0\t0\nTotal Tubular facilities\t16\t0\t0\t0\t0\nU. S. Steel Košice\t3366\t3903\t5023\t5091\t4967\nTotal\t12695\t15312\t16916\t15911\t15673\nRaw Steel Capability\t\t\t\t\t\nFlat-Rolled\t17000\t17000\t17000\t17000\t17000\nTubular (c)\t900\t0\t0\t0\t0\nUSSE\t5000\t5000\t5000\t5000\t5000\nTotal\t22900\t22000\t22000\t22000\t22000\nProduction as % of total capability:\t\t\t\t\t\nFlat-Rolled\t55%\t67%\t70%\t64%\t63%\nTubular (c)\t7%\t-%\t-%\t-%\t-%\nUSSE\t67%\t78%\t100%\t102%\t99%\nCoke Production\t\t\t\t\t\nFlat-Rolled\t2557\t3485\t3718\t3416\t2961\nUSSE\t1116\t1328\t1514\t1497\t1545\nTotal\t3673\t4813\t5232\t4913\t4506\nIron Ore Pellet Production (a)\t\t\t\t\t\nTotal\t16981\t21450\t23054\t23246\t17635\nSteel Shipments by Segment (b)\t\t\t\t\t\nFlat-Rolled\t8711\t10700\t10510\t9887\t10094\nUSSE\t3041\t3590\t4457\t4585\t4496\nTubular\t464\t769\t780\t688\t400\nTotal steel shipments\t12216\t15059\t15747\t15160\t14990\nAverage Realized Price (dollars per net ton)\t\t\t\t\t\nFlat-Rolled\t718\t753\t811\t726\t666\nUSSE\t626\t652\t693\t622\t483\nTubular\t1271\t1450\t1483\t1253\t1071\n", "q10k_tbl_99": "(Thousands of net tons)\t2020\t2019\t2018\t2017\t2016\nSteel Shipments by Market - North American Facilities (a) (c)\t\t\t\t\t\nSteel service centers\t1450\t1902\t1904\t1953\t2094\nFurther conversion:\t\t\t\t\t\nTrade customers\t2063\t2823\t2273\t1738\t1420\nJoint ventures (b)\t415\t819\t810\t715\t414\nTransportation and automotive (b)\t2012\t2620\t2874\t2982\t2228\nConstruction and construction products\t1295\t1120\t991\t951\t1025\nContainers and packaging\t913\t652\t768\t715\t2107\nAppliances and electrical equipment\t497\t570\t599\t594\t600\nOil gas and petrochemicals\t430\t725\t742\t647\t360\nAll other\t100\t238\t329\t280\t246\nTotal\t9175\t11469\t11290\t10575\t10494\nSteel Shipments by Market - USSE\t\t\t\t\t\nSteel service centers\t690\t740\t799\t761\t801\nFurther conversion:\t\t\t\t\t\nTrade customers\t202\t214\t287\t284\t274\nTransportation and automotive\t517\t676\t728\t708\t660\nConstruction and construction products\t775\t1048\t1637\t1831\t1811\nContainers and packaging\t435\t440\t439\t438\t436\nAppliances and electrical equipment\t194\t220\t261\t247\t236\nOil gas and petrochemicals\t5\t0\t11\t10\t4\nAll other\t223\t252\t295\t306\t274\nTotal\t3041\t3590\t4457\t4585\t4496\n", "q10k_tbl_100": "(Dollars in millions except per share amounts)\t2020\t2019\t2018\t2017\t2016\nNet sales by segment:\t\t\t\t\t\nFlat-Rolled\t7279\t9560\t9912\t8491\t7532\nUSSE\t1970\t2420\t3228\t2974\t2246\nTubular\t646\t1191\t1236\t945\t451\nTotal reportable segments\t9895\t13171\t14376\t12410\t10229\nOther Businesses\t162\t168\t186\t179\t169\nIntersegment sales\t(316)\t(402)\t(384)\t(339)\t(137)\nTotal\t9741\t12937\t14178\t12250\t10261\nSegment earnings (loss) before interest and income taxes:\t\t\t\t\t\nFlat-Rolled\t(596)\t196\t883\t375\t22\nUSSE\t9\t(57)\t359\t327\t185\nTubular\t(179)\t(67)\t(58)\t(99)\t(303)\nTotal reportable segments\t(766)\t72\t1184\t603\t(96)\nOther Businesses\t(39)\t23\t55\t44\t63\nItems not allocated to segments (b)\t(270)\t(325)\t(115)\t22\t(168)\nTotal (loss) earnings before interest and income taxes (a)\t(1075)\t(230)\t1124\t669\t(201)\nNet interest and other financial costs (a)\t232\t222\t312\t368\t215\nIncome tax provision (benefit)\t(142)\t178\t(303)\t(86)\t24\nNet (loss) earnings attributable to United States Steel Corporation\t(1165)\t(630)\t1115\t387\t(440)\nPer common share:\t\t\t\t\t\n- Basic\t(5.92)\t(3.67)\t6.31\t2.21\t(2.81)\n- Diluted\t(5.92)\t(3.67)\t6.25\t2.19\t(2.81)\n", "q10k_tbl_101": "\t2020\t2019\t2018\t2017\t2016\nBalance Sheet Position at Year-End (dollars in millions)\t\t\t\t\t\nCurrent assets\t4432\t3813\t4830\t4755\t4356\nNet property plant & equipment\t5444\t5447\t4865\t4280\t3979\nTotal assets\t12059\t11608\t10982\t9862\t9160\nShort-term debt and current maturities of long-term debt\t192\t14\t65\t3\t50\nOther current liabilities\t2464\t2611\t3132\t2770\t2281\nLong-term debt\t4695\t3627\t2316\t2700\t2981\nEmployee benefits\t322\t532\t980\t759\t1216\nTotal United States Steel Corporation stockholders' equity\t3786\t4092\t4202\t3320\t2274\nCash Flow Data (dollars in millions)\t\t\t\t\t\nNet cash provided by operating activities (a) (b)\t138\t682\t938\t826\t754\nCapital expenditures\t725\t1252\t1001\t505\t306\nDividends paid\t8\t35\t36\t35\t31\nEmployee Data\t\t\t\t\t\nTotal employment costs (dollars in millions)\t2327\t2870\t2824\t2477\t2342\nAverage North America employment costs (dollars per hour)\t63.25\t65.70\t65.97\t62.32\t61.75\nAverage number of North America employees\t14582\t16633\t16258\t15326\t15048\nAverage number of USSE employees\t9906\t11314\t11993\t11948\t11927\nNumber of pensioners at year-end\t40138\t41198\t43573\t45837\t47765\nStockholder Data at Year-End\t\t\t\t\t\nCommon shares outstanding net of treasury shares (millions)\t220.4\t170.0\t174.5\t175.2\t173.8\nRegistered stockholders (thousands)\t11.7\t12.1\t13.0\t13.8\t14.8\nMarket price of common stock\t16.77\t11.41\t18.24\t35.19\t33.01\n", "q10k_tbl_102": "Plan Category\t(1) Number of securities to be issued upon exercise of outstanding options warrants and rights\t(2) Weighted-average exercise price of outstanding options warrants and rights\t(3) Number of securities remaining available for future issuance under equity compensation plans [excluding securities reflected in Column (1)] (b)\nEquity compensation plans approved by security holders (a)\t9380548\t25.98\t6092033\nEquity compensation plans not approved by security holders(c)\t0\t(one for one)\t0\nTotal\t9380548\t0\t6092033\n", "q10k_tbl_103": "(a)\tAmended and Restated Certificate of Incorporation of United States Steel Corporation dated April 25 2017\tIncorporated by reference to Exhibit 3.1 to United States Steel Corporation's Form 8-K filed on April 28 2017 Commission File Number 1-16811.\n(b)\tAmended and Restated By-Laws of United States Steel Corporation as of July 28 2020\tIncorporated by reference to Exhibit 3.1 to United States Steel Corporation's Form 8-K filed on July 30 2020 Commission File Number 1-16811.\n", "q10k_tbl_104": "(a)\tIndenture dated as of May 21 2007 between United States Steel Corporation and The Bank of New York Mellon formerly known as The Bank of New York.\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on May 22 2007 Commission File Number 1-16811.\n(b)\tFirst Supplemental Indenture dated as of May 21 2007 between United States Steel Corporation and The Bank of New York Mellon formerly known as The Bank of New York regarding 5.65% Senior Notes due June 1 2013 6.05% Senior Notes due June 1 2017 and 6.65% Senior Notes due June 1 2037.\tIncorporated by reference to Exhibit 4.2 to United States Steel Corporation's Form 8-K filed on May 22 2007 Commission File Number 1-16811.\n(c)\tFourth Supplemental Indenture dated as of March 19 2010 between United States Steel Corporation and The Bank of New York Mellon formerly known as The Bank of New York regarding 7.375% Senior Notes due April 1 2020.\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on March 23 2010 Commission File Number 1-16811.\n(d)\tUnited States Steel Corporation Certificate of Elimination filed with the Secretary of State of the State of Delaware on December 5 2007.\tIncorporated by reference to Exhibit 3.1 to United States Steel Corporation's Form 8-K filed on December 6 2007 Commission File Number 1-16811.\n(e)\tEighth Supplemental Indenture dated August 4 2017 by and among United States Steel Corporation and the Bank of New York Mellon as trustee.\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on August 4 2017 Commission File Number 1-16811.\n(f)\tNinth Supplemental Indenture dated March 15 2018 by and among United States Steel Corporation and the Bank of New York Mellon as trustee.\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on March 15 2018 Commission File Number 1-16811.\n(g)\tIndenture dated as of October 21 2019 by and between the Corporation and The Bank of New York Mellon\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on October 21 2019 Commission File Number 1-16811.\n(h)\tDescription of Securities.\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 10-K filed on February 14 2020 Commission File Number 1-16811.\n(i)\tIndenture dated as of May 29 2020 by and among the Company the guarantors named on the signature pages thereto and U.S. Bank National Association as trustee and notes collateral agent\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on May 29 2020 Commission File Number 1-16811.\n(j)\tIndenture dated as of September 18 2020 by and among Big River Steel LLC as issuer BRS Finance Corp. as co-issuer BRS Intermediate Holdings LLC as parent guarantor each guarantor that may become party thereto and U.S. Bank National Association as trustee and collateral agent.\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on January 19 2021 Commission File Number 1-16811.\n(k)\tTenth Supplemental Indenture dated as of February 11 2021 by and between United States Steel Corporation and The Bank of New York Mellon as trustee.\tIncorporated by reference to Exhibit 4.1 to United States Steel Corporation's Form 8-K filed on February 11 2021 Commission File Number 1-16811.\n(l)\tForm of 6.875% Senior Notes due 2029 (incorporated by reference to Exhibit A to Exhibit 4.1 filed herewith)\tIncorporated by reference to Exhibit 4.2 to United States Steel Corporation's Form 8-K filed on February 11 2021 Commission File Number 1-16811.\n", "q10k_tbl_105": "(a)\tUnited States Steel Corporation Supplemental Retirement Account Program.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q for the quarter ended September 30 2015 Commission File Number 1-16811.\n(b)\tUnited States Steel Corporation Executive Management Supplemental Pension Program.*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 8-K filed on August 21 2015 Commission File Number 1-16811.\n(c)\tUnited States Steel Corporation Supplemental Thrift Program.*\tIncorporated by reference to Exhibit 10.7 to United States Steel Corporation's Form 10-Q for the quarter ended September 30 2013 Commission File Number 1-16811.\n(d)\tUnited States Steel Corporation Deferred Compensation Program for Non-Employee Directors a program under the 2005 Stock Incentive Plan.*\tIncorporated by reference to Exhibit 10(d) to United States Steel Corporation's Form 10-K for the year ended December 31 2011 Commission File Number 1-16811.\n(e)\tForm of Offer Letter to David B. Burritt.*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 8-K filed on August 20 2013 Commission File Number 1-16811.\n(f)\tFinancial Matters Agreement between USX Corporation (renamed Marathon Oil Corporation) and United States Steel Corporation.\tIncorporated by reference to Exhibit 99.5 to United States Steel Corporation's Form 8-K filed on January 3 2002 Commission File Number 1-16811.\n(g)\tThird Amended and Restated Credit Agreement dated as of July 27 2015 among United States Steel Corporation the Lenders party thereto the LC Issuing Banks party thereto and JPMorgan Chase Bank National Association as Administrative Agent and Collateral Agent.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q for the quarter ended June 30 2015 Commission File Number 1-16811.\n(h)\tAmendment No. 1 to Third Amended and Restated Credit Agreement dated as of February 24 2016.\tIncorporated by reference to Exhibit 10(L) to United States Steel Corporation's Form 10-K for the year ended December 31 2015 Commission File Number 1-16811.\n(i)\tAmended and Restated Security Agreement dated as of July 27 2015 between United States Steel Corporation and JPMorgan Chase Bank National Association as Collateral Agent.\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q for the quarter ended June 30 2015 Commission File Number 1-16811.\n(j)\tEUR 200000000 multicurrency revolving credit facility agreement dated February 22. 2016 among U. S. Steel Košice s.r.o. and ING Bank N.V. Commerzbank Aktiengesellschaft Slovenská sporiteĺňa a.s. Komerční banka a.s. and Citibank Europe plc.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on February 24 2016 Commission File Number 1-16811.\n(k)\tUnited States Steel Corporation Non Tax-Qualified Pension Plan.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on August 21 2015 Commission File Number 1-16811.\n(l)\tUnited States Steel Corporation Non Tax-Qualified Retirement Account Program.\tIncorporated by reference to Exhibit 10(dd) to United States Steel Corporation's Form 10-K for the year ended December 31 2013 Commission File Number 1-16811.\n(m)\tUnited States Steel Corporation 2005 Stock Incentive Plan.*\tIncorporated by reference to Appendix B to United States Steel Corporation's Definitive Proxy Statement on Schedule 14A filed on March 11 2005 Commission File Number 1-16811.\n(n)\tUnited States Steel Corporation 2005 Stock Incentive Plan Amended and Restated April 27 2010.*\tIncorporated by reference to Appendix A to United States Steel Corporation's Definitive Proxy Statement on Schedule 14A filed on March 12 2010 Commission File Number 1-16811.\n(o)\tUnited States Steel Corporation 2005 Stock Incentive Plan Amended and Restated April 29 2014.*\tIncorporated by reference to Appendix A to United States Steel Corporation's Definitive Proxy Statement on Schedule 14A filed on March 14 2014 Commission File Number 1-16811.\n", "q10k_tbl_106": "(p)\tAdministrative Regulations for the Long-Term Incentive Compensation Program under the United States Steel Corporation 2005 Stock Incentive Plan Amended and Restated May 28 2013.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on May 30 2013 Commission File Number 1-16811.\n(q)\tAdministrative Regulations for the Long-Term Incentive Compensation Program under the United States Steel Corporation 2005 Stock Incentive Plan Amended and Restated February 25 2014.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on March 3 2014 Commission File Number 1-16811.\n(r)\tAdministrative Procedures for the Long-Term Incentive Compensation Program under the United States Steel Corporation 2005 Stock Incentive Plan as Amended and Restated and under the United States Steel Corporation 2010 Annual Incentive Compensation Plan as amended February 24 2015.*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2015 Commission File Number 1-16811.\n(s)\tForm of stock option grant under the Long-Term Incentive Compensation Program a program under the 2005 Stock Incentive Plan.*\tIncorporated by reference to Exhibit 10(x) to United States Steel Corporation's Form 10-K for the year ended December 31 2006 Commission File Number 1-16811.\n(t)\tForm of Performance Award Grant Agreement under the 2005 Stock Incentive Plan.*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2011 Commission File Number 1-16811.\n(u)\tForm of Stock Option Grant Agreement under the 2005 Stock Incentive Plan.*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2011 Commission File Number 1-16811.\n(v)\tForm of Restricted Stock Unit Retention Grant Agreement under the 2005 Stock Incentive Plan.*\tIncorporated by reference to Exhibit 10.5 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2011 Commission File Number 1-16811.\n(w)\tForm of Restricted Stock Unit Annual Grant Agreement under the 2005 Stock Incentive Plan.*\tIncorporated by reference to Exhibit 10.4 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2011 Commission File Number 1-16811.\n(x)\tForm of Retention Performance Award Grant Agreement.*\tIncorporated by reference to Exhibit 10.5 to United States Steel Corporation's Form 8-K filed on July 2 2012 Commission File Number 1-16811.\n(y)\tForm of Non-Qualified Stock Option Grant Agreement.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2015 Commission File Number 1-16811.\n(z)\tForm of Incentive Award Agreement 2010 Annual Incentive Compensation Plan.*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2015 Commission File Number 1-16811.\n(aa)\tUnited States Steel Corporation 2010 Annual Incentive Compensation Plan.*\tIncorporated by reference to Appendix B to United States Steel Corporation's Definitive Proxy Statement on Schedule 14A filed on March 12 2010 Commission File Number 1-16811.\n(bb)\tAdministrative Regulations for the Executive Management Annual Incentive Compensation Plan under the 2010 Annual Incentive Compensation Plan.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on January 31 2014 Commission File Number 1-16811.\n(cc)\tAdministrative Procedures for the Executive Management Annual Incentive Compensation Program under the United States Steel Corporation 2010 Annual Incentive Compensation Plan as amended January 27 2015*\tIncorporated by reference to Exhibit 10.4 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2015 Commission File Number 1-16811.\n", "q10k_tbl_107": "(dd)\tUnited States Steel Corporation Change in Control Severance Plan effective January 1 2016.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on November 6 2015 Commission File Number 1-16811.\n(ee)\tAdministrative Procedures for the Long-Term Incentive Compensation Program under the United States Steel Corporation 2005 Stock Incentive Plan as Amended and Restated and under the United States Steel Corporation Annual Incentive Compensation Plan as amended February 22 2016.*\tIncorporated by reference to Exhibit 10(kk) to United States Steel Corporation's Form 10-K for the year ended December 31 2015 Commission File Number 1-16811.\n(ff)\tAdministrative Procedures for the Executive Management Annual Incentive Compensation Program under the United States Steel Corporation Annual Incentive Compensation Plan as amended February 22 2016.*\tIncorporated by reference to Exhibit 10(ll) to United States Steel Corporation's Form 10-K for the year ended December 31 2015 Commission File Number 1-16811.\n(gg)\tUnited States Steel Corporation 2016 Omnibus Incentive Compensation Plan.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q for the quarter ended March 31 2016 Commission File Number 1-16811.\n(hh)\tUnited States Steel Corporation 2016 Omnibus Incentive Compensation Plan Restricted Stock Unit Grant Agreement - Retention Grant Form*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q for the quarter ended June 30 2016 Commission File Number 1-16811.\n(ii)\tUnited States Steel Corporation 2016 Omnibus Incentive Compensation Plan Restricted Stock Unit Grant Agreement - Annual Grant Form*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q for the quarter ended June 30 2016 Commission File Number 1-16811.\n(jj)\tUnited States Steel Corporation 2016 Omnibus Incentive Compensation Plan - Stock Option Grant Form.*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-Q for the quarter ended June 30 2016 Commission File Number 1-16811.\n(kk)\tAdministrative Procedures for the Executive Management Annual Incentive Compensation Program under the United States Steel Corporation Annual Incentive Compensation Plan as amended November 1 2016.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q for the quarter ended September 30 2016 Commission File Number 1-16811.\n(ll)\tUnited States Steel Corporation Non Tax-Qualified Retirement Account Program amended effective as of January 1 2016.*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q for the quarter ended September 30 2016 Commission File Number 1-16811.\n(mm)\tUnited States Steel Corporation Supplemental Thrift Program as amended November 1 2016.*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-Q for the quarter ended September 30 2016 Commission File Number 1-16811.\n(nn)\tFirst Amendment to United States Steel Corporation 2016 Omnibus Incentive Compensation Plan.*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q filed on April 26 2017 Commission File Number 1-16811.\n(oo)\tFourth Amended and Restated Credit Agreement dated as of February 26 2018 among United States Steel Corporation the Lenders party thereto the LC Issuing Banks party thereto and JPMorgan Chase Bank National Association as Administrative Agent and Collateral Agent.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on March 2 2018 Commission File Number 1-16811.\n(pp)\tAmended and Restated Borrower Security Agreement dated as of February 26 2018 between United States Steel Corporation and JPMorgan Chase Bank National Association as Collateral Agent.\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 8-K filed on March 2 2018 Commission File Number 1-16811.\n(qq)\tAmended and Restated Subsidiary Security Agreement dated as of February 26 2018 between the guarantors identified herein and JPMorgan Chase Bank National Association as Collateral Agent.\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 8-K filed on March 2 2018 Commission File Number 1-16811.\n", "q10k_tbl_108": "(rr)\tUnderwriting Agreement by and among United States Steel Corporation and J.P. Morgan Securities LLC dated March 13 2018.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on March 15 2018 Commission File Number 1-16811.\n(ss)\tForm of United States Steel Corporation 2016 Omnibus Incentive Compensation Plan Restricted Stock Unit Grant Agreement (Annual Grant)*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q filed on April 27 2018 Commission File Number 1-16811.\n(tt)\tForm of United States Steel Corporation 2016 Omnibus Incentive Compensation Plan Restricted Stock Unit Grant Agreement (Retention Grant)*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q filed on April 27 2018 Commission File Number 1-16811.\n(uu)\tForm of United States Steel Corporation 2016 Omnibus Incentive Compensation Plan Performance Share Award Grant Agreement (TSR Grant)*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-Q filed on April 27 2018 Commission File Number 1-16811.\n(vv)\tForm of United States Steel Corporation 2016 Omnibus Incentive Compensation Plan Performance Share Award Grant Agreement (ROCE Grant)*\tIncorporated by reference to Exhibit 10.4 to United States Steel Corporation's Form 10-Q filed on April 27 2018 Commission File Number 1-16811.\n(ww)\tAdministrative Procedures for the Executive Management Annual Compensation Incentive Program under the United States Steel Corporation 2016 Omnibus Incentive Compensation Plan as approved on February 27 2018*\tIncorporated by reference to Exhibit 10.5 to United States Steel Corporation's Form 10-Q filed on April 27 2018 Commission File Number 1-16811.\n(xx)\tEUR 460000000 multicurrency revolving credit facility agreement dated September 26 2018 among U. S. Steel Košice s.r.o. and Commerzbank Aktiengesellschaft ING Bank N.V. Komerèní banka a.s. Slovenská sporiteåòa a.s. Unicredit Bank Czech Republic and Slovakia a.s. Èeskoslovenská Obchodná Banka a.s. and Citibank Europe plc.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on October 2 2018 Commission File Number 1-16811.\n(yy)\tAmendment No. 1 to the Fourth Amended and Restated Credit Agreement dated as of February 26 2018 by and among United States Steel Corporation a Delaware corporation (the \"Borrower\") the Lenders and LC Issuing Banks from time to time party thereto and JPMorgan Chase Bank N.A. as administrative agent and collateral agent.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-K filed on February 15 2019 Commission File Number 1-16811.\n(zz)\tForm of Offer Letter to Duane D. Holloway.*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-K filed on February 15 2019 Commission File Number 1-16811.\n(aaa)\tLetter Agreement dated December 21 2018 between United States Steel Corporation and Douglas R. Matthews*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-K filed on February 15 2019 Commission File Number 1-16811.\n(bbb)\tUnited States Steel Corporation Deferred Compensation Program for Non-Employee Directors effective as of July 26 2016 as amended on October 30 2018*\tIncorporated by reference to Exhibit 10.4 to United States Steel Corporation's Form 10-K filed on February 15 2019 Commission File Number 1-16811.\n(ccc)\tSummary of Non-Employee Director Fee Arrangements*\tIncorporated by reference to Exhibit 10.5 to United States Steel Corporation's Form 10-K filed on February 15 2019 Commission File Number 1-16811.\n(ddd)\tForm of United States Steel Corporation 2016 Omnibus Incentive Compensation Plan Performance Share Award Grant Agreement (TSR Grant).*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q filed on May 3 2019 Commission File Number 1-16811.\n(eee)\tAdministrative Procedures for the Executive Management Annual Incentive Compensation Plan under the United States Steel Corporation 2016 Omnibus Incentive Compensation Plan as approved on February 26 2019.*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q filed on May 3 2019 Commission File Number 1-16811.\n", "q10k_tbl_109": "(fff)\tUnited States Steel Corporation Non Tax-Qualified Retirement Account Program Amended and Restated Effective January 1 2019.*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-Q filed on May 3 2019 Commission File Number 1-16811.\n(ggg)\tUnited States Steel Corporation Supplemental Thrift Program Amended and Restated Effective January 1 2019.*\tIncorporated by reference to Exhibit 10.4 to United States Steel Corporation's Form 10-Q filed on May 3 2019 Commission File Number 1-16811.\n(hhh)\tUnited States Steel Corporation Supplemental Retirement Account Program Amended and Restated Effective January 1 2019.*\tIncorporated by reference to Exhibit 10.5 to United States Steel Corporation's Form 10-Q filed on May 3 2019 Commission File Number 1-16811.\n(iii)\tRecapitalization and Equity Purchase Agreement dated September 30 2019 by and among U. S. Steel Holdco LLC BRS Stock Holdco LLC Big River Steel Holdings LLC the stockholders and members of Big River Steel Corp. and Big River Steel Holdings LLC and United States Steel Corporation.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on October 1 2019 Commission File Number 1-16811.\n(jjj)\tPurchase and Sale Agreement dated September 30 2019 by and among U. S. Steel Holdco LLC United States Steel Corporation and TPG Growth II BDH L.P.\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 8-K filed on October 1 2019 Commission File Number 1-16811.\n(kkk)\tPurchase Agreement dated as of October 16 2019 by and between the Corporation and the representatives of the several Initial Purchasers\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on October 21 2019 Commission File Number 1-16811.\n(lll)\tFifth Amended and Restated Credit Agreement dated as of October 25 2019 among United States Steel Corporation the Lenders party thereto the LC Issuing Banks party thereto and JPMorgan Chase Bank N.A. as Administrative and Collateral Agent.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on October 28 2019 Commission File Number 1-16811.\n(mmm)\tSecond Amended and Restated Borrower Security Agreement dated as of October 25 2019 among United States Steel Corporation and JPMorgan Chase Bank N.A. as Collateral Agent\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 8-K filed on October 28 2019 Commission File Number 1-16811.\n(nnn)\tSecond Amended and Restated Subsidiary Security Agreement dated as of October 25 2019 among the Subsidiary Guarantors and JPMorgan Chase Bank N.A. as Collateral Agent.\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 8-K filed on October 28 2019 Commission File Number 1-16811.\n(ooo)\tAgreement of Sale dated as of October 1 2019 between the Corporation and The Industrial Development Board of the City of Hoover regarding $275 million 5.750% Environmental Improvement Revenue Bonds Series 2019 (United States Steel Corporation Project).\tIncorporated by reference to Exhibit 10.4 to United States Steel Corporation's Form 8-K filed on October 28 2019 Commission File Number 1-16811.\n(ppp)\tLoan Agreement dated as of October 1 2019 between the Corporation and the Allegheny County Industrial Development Authority regarding $92.63 million Environmental Improvement Refunding Revenue Bonds Series 2019 (United States Steel Corporation Project).\tIncorporated by reference to Exhibit 10.5 to United States Steel Corporation's Form 8-K filed on October 28 2019 Commission File Number 1-16811.\n(qqq)\tSupplemental Agreement dated December 23 2019 between U.S. Steel Košice s.r.o. Ferroenergy s.r.o. and Commerzbank Finance & Covered Bond S.A. as facility agent\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on December 23 2019 Commission File Number 1-16811.\n(rrr)\tUnited States Steel Corporation Deferred Compensation Program for Non-Employee Directors effective as of July 26 2016 as amended on October 28 2019*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-K filed on February 14 2020 Commission File Number 1-16811.\n(sss)\tUnited States Steel Corporation Non-Employee Director Stock Program of the 2016 Omnibus Incentive Compensation Plan as amended November 1 2019*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-K filed on February 14 2020 Commission File Number 1-16811.\n", "q10k_tbl_110": "(ttt)\tSeparation Agreement and Release by and between Kevin P. Bradley and United Stated Steel Corporation as of October 7 2019.\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-K filed on February 14 2020 Commission File Number 1-16811.\n(uuu)\tCredit Agreement dated December 10 2019 by and among United States Steel Corporation KfW IPEX-Bank GMBH as Mandated Lead Arranger and ECA Structuring Bank KfW IPEX-Bank as Facility Agent KfW IPEX-Bank as ECA Agent and the financial institutions listed therein as lenders and other parties party thereto from time to time\tIncorporated by reference to Exhibit 10.4 to United States Steel Corporation's Form 10-K filed on February 14 2020 Commission File Number 1-16811.\n(vvv)\tOption Agreement dated April 30 2020 by and between the Corporation and Stelco.on and Stelco.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on April 30 2020 Commission File Number 1-16811.\n(www)\tForm of United States Steel Corporation 2016 Omnibus Incentive Compensation Plan Performance Cash Award Grant Agreement (ROCE Grant).*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 10-Q filed on May 1 2020 Commission File Number 1-16811.\n(xxx)\tForm of United States Steel Corporation 2016 Omnibus Incentive Compensation Plan Restricted Stock Unit Grant Agreement (Retention Grant).*\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 10-Q filed on May 1 2020 Commission File Number 1-16811.\n(yyy)\tAdministrative Procedures for the Executive Management Annual Incentive Compensation Plan under the United States Steel Corporation 2016 Omnibus Incentive Compensation Plan as approved on February 25 2020.*\tIncorporated by reference to Exhibit 10.3 to United States Steel Corporation's Form 10-Q filed on May 1 2020 Commission File Number 1-16811.\n(zzz)\tUnited States Steel Corporation 2016 Omnibus Incentive Compensation Plan as amended and restated on April 28 2020*\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on May 1 2020 Commission File Number 1-16811.\n(aaaa)\tPurchase Agreement for the Senior Secured Notes dated as of May 21 2020\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on May 26 2020 Commission File Number 1-16811.\n(bbbb)\tCollateral Agreement dated as of May 29 2020 by and among the Company the subsidiary grantors named on the signature pages thereto and U.S. Bank National Association as collateral agent\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on May 29 2020 Commission File Number 1-16811.\n(cccc)\tUnderwriting Agreement for the Shares dated June 17 2020\tIncorporated by reference to Exhibit 1.1 to United States Steel Corporation's Form 8-K filed on June 22 2020 Commission File Number 1-16811.\n(dddd)\tAmended and Restated Change in Control Severance Plan effective July 28 2020.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on July 30 2020 Commission File Number 1-16811.\n(eeee)\tExport-Import Credit Agreement dated September 30 2020\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on October 2 2020 Commission File Number 1-16811.\n(ffff)\tAmendment to Fifth Amended and Restated Credit Agreement dated September 30 2020.\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 8-K filed on October 2 2020 Commission File Number 1-16811.\n(gggg)\tAgreement of Sale dated as of November 1 2020 between the Corporation and The Industrial Development Board of the City of Hoover regarding $63400000 million 6.375% Environmental Improvement Revenue Bonds Series 2020 (United States Steel Corporation Project).\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on November 24 2020 Commission File Number 1-16811.\n(hhhh)\tLoan Agreement dated as of November 1 2020 between the Corporation and the Indiana Finance Authority regarding $33300000 Indiana Finance Authority Environmental Improvement Revenue Bonds Series 2020A (United States Steel Corporation Project) and Indiana Finance Authority Environmental Improvement Revenue Refunding Bonds Series 2020B (United States Steel Corporation Project)\tIncorporated by reference to Exhibit 10.2 to United States Steel Corporation's Form 8-K filed on November 24 2020 Commission File Number 1-16811.\n", "q10k_tbl_111": "(iiii)\tFirst Amended and Restated ABL Credit Agreement dated as of September 10 2020 by and among Big River Steel LLC BRS Intermediate Holdings LLC Goldman Sachs Bank USA as administrative agent and collateral agent and each lender party thereto.\tIncorporated by reference to Exhibit 10.1 to United States Steel Corporation's Form 8-K filed on January 19 2021 Commission File Number 1-16811.\n(jjjj)\tBond Financing Agreement dated as of September 10 2020 between Arkansas Development Finance Authority and each of Big River Steel LLC BRS Finance Corp. and BRS Intermediate Holdings LLC relating to $265 million Arkansas Development Finance Authority Industrial Development Revenue Bonds (Big River Steel Project) Tax-Exempt Series 2020 (Green Bonds).\tIncorporated by reference to Exhibit 10.2.1 to United States Steel Corporation's Form 8-K filed on January 19 2021 Commission File Number 1-16811.\n(kkkk)\tDefinitions Annex relating to Arkansas Development Finance Authority Industrial Development Revenue Bonds (Big River Steel Project) Tax-Exempt Series 2020 (Green Bonds).\tIncorporated by reference to Exhibit 10.2.2 to United States Steel Corporation's Form 8-K filed on January 19 2021 Commission File Number 1-16811.\n(llll)\tBond Financing Agreement dated as of May 31 2019 between Arkansas Development Finance Authority and each of Big River Steel LLC BRS Finance Corp. and BRS Intermediate Holdings LLC relating to $487 million Arkansas Development Finance Authority Industrial Development Revenue Bonds (Big River Steel Project) Series 2019.\tIncorporated by reference to Exhibit 10.3.1 to United States Steel Corporation's Form 8-K filed on January 19 2021 Commission File Number 1-16811.\n(mmmm)\tDefinitions Annex relating to Arkansas Development Finance Authority Industrial Development Revenue Bonds (Big River Steel Project) Series 2019.\tIncorporated by reference to Exhibit 10.3.2 to United States Steel Corporation's Form 8-K filed on January 19 2021 Commission File Number 1-16811.\n(nnnn)\tUnderwriting Agreement for the Shares dated February 2 2021\tIncorporated by reference to Exhibit 1.1 to United States Steel Corporation's Form 8-K filed on February 5 2021 Commission File Number 1-16811.\n(oooo)\tUnderwriting Agreement dated February 8 2021 by and between United States Steel Corporation and Credit Suisse Securities (USA) LLC as representative of the several underwriters listed on Schedule I thereto.\tIncorporated by reference to Exhibit 1.1 to United States Steel Corporation's Form 8-K filed on February 11 2021 Commission File Number 1-16811.\n", "q10k_tbl_112": "10.1\tSeparation Agreement and Release by and between Douglas R. Matthews and United States Steel Corporation as of December 24 2020.\n10.2\tFirst Amendment to the Credit Agreement dated as of November 17 2020 by and among United States Steel Corporation and KFW IPEX-BANK GMBH in its capacity as Lender Facility Agent and ECA Agent.\n10.3\tSECOND SUPPLEMENTAL AGREEMENT dated 30 November 2020 between U. S. STEEL KOŠICE S.R.O. FERROENERGY S.R.O. and COMMERZBANK FINANCE & COVERED BOND S.A. as Facility Agent relating to an up to EUR460000000 credit agreement dated 26 September 2018 as amended and restated by a supplemental agreement dated 23 December 2019\n10.4\tLetter Agreement dated July 30 2020 between Scott D. Buckiso and United States Steel Corporation.\n21.\tList of Subsidiaries\n23.\tConsent of PricewaterhouseCoopers LLP\n24.\tPowers of Attorney\n31.1.\tCertification of Chief Executive Officer required by Rules 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934 as promulgated by the Securities and Exchange Commission pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\n31.2.\tCertification of Chief Financial Officer required by Rules 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934 as promulgated by the Securities and Exchange Commission pursuant to Section 302 of the Sarbanes-Oxley Act of 2002\n32.1.\tCertification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\n32.2.\tCertification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\n95.\tMine Safety Disclosure required under Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act\n101.\tThe following financial information from United States Steel Corporation's Annual Report on Form 10-K for the year ended December 31 2020 formatted in Inline XBRL (Extensible Business Reporting Language) includes: (i) the Consolidated Statement of Operations (ii) the Consolidated Statement of Comprehensive Income (Loss) (iii) the Consolidated Balance Sheet (iv) the Consolidated Statement of Cash Flows and (v) Notes to the Consolidated Financial Statements.\n104.\tCover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)\n", "q10k_tbl_113": "\t\tAdditions\t\tDeductions\t\t\nDescription\tBalance at Beginning of Period\tCharged to Costs and Expenses\tCharged to Other Accounts\tCharged to Costs and Expenses\tCharged to Other Accounts\tBalance at End of Period\nYear ended December 31 2020:\t\t\t\t\t\t\nReserves deducted in the balance sheet from the assets to which they apply:\t\t\t\t\t\t\nAllowance for doubtful accounts\t28\t6\t2\t0\t2\t34\nInvestments and long-term receivables reserve\t5\t0\t3\t0\t3\t5\nDeferred tax valuation allowance:\t\t\t\t\t\t\nDomestic\t560\t240\t2\t0\t9\t793\nForeign\t3\t0\t0\t0\t0\t3\nYear ended December 31 2019:\t\t\t\t\t\t\nReserves deducted in the balance sheet from the assets to which they apply:\t\t\t\t\t\t\nAllowance for doubtful accounts\t29\t0\t0\t0\t1\t28\nInvestments and long-term receivables reserve\t5\t0\t0\t0\t0\t5\nDeferred tax valuation allowance:\t\t\t\t\t\t\nDomestic\t211\t349\t0\t0\t0\t560\nForeign\t3\t0\t0\t0\t0\t3\nYear ended December 31 2018:\t\t\t\t\t\t\nReserves deducted in the balance sheet from the assets to which they apply:\t\t\t\t\t\t\nAllowance for doubtful accounts\t28\t5\t0\t0\t4\t29\nInvestments and long-term receivables reserve\t11\t0\t0\t0\t6\t5\nDeferred tax valuation allowance:\t\t\t\t\t\t\nDomestic\t604\t0\t0\t393\t0\t211\nForeign\t4\t0\t0\t1\t0\t3\n", "q10k_tbl_114": "2025 Senior Secured Notes\t12.000% Senior Secured Notes due June 1 2025\n401(k) plans\tdefined contribution plans\nABO\tAccumulated Benefit Obligation\nACE\tAffordable Clean Energy\nACHD\tAllegheny County Health Department\nAD\tantidumping\nAD/CVD\tantidumping and countervailing duty\nAHSS\tadvanced high-strength steels\nAMT\tAlternative Minimum Tax\nAOCI\tAccumulated Other Comprehensive Income\nAPI\tAmerican Petroleum Institute\nARO\tAsset Retirement Obligation\nASC\tAccounting Standards Codification\nASU\tAccounting Standards Update\nBART\tBest Available Retrofit Technology\nBAT\tBest Available Technique\nBGE\tButch Gilliam Enterprises Inc.\nBOF\tBasic Oxygen Furnace Steelmaking\nCAA\tClean Air Act\nCAD\tCanadian dollars\nCAFC\tU.S. Court of Appeals for the Federal Circuit\nCAFE\tCorporate Average Fuel Economy\nCAL\tcontinuous annealing line\nCAMU\tCorrective Action Management Unit\nCDC\tChrome Deposit Corporation\nCERCLA\tComprehensive Environmental Response Compensation and Liability Act\nCGL\tcontinuous galvanizing line\nCIT\tU.S. Court of International Trade\nClass B Common Call Option\tBig River Steel equity owners could require U. S. Steel to sell its ownership interest.\nClass B Common Put Option\tBig River Steel equity owners could require U. S. Steel to purchase their 50.1% ownership interest\nCMS\tCorrective Measure Study\nCO2\tcarbon dioxide\ncommodity purchase swaps\tfinancial swaps associated with purchases of natural gas zinc tin and electricity\nCORE\tcorrosion-resistant steel\nCOSO\tCommittee of Sponsoring Organizations of the Treadway Commission\ncost cap\tper capita dollar maximum the company is expected to pay per participant under the main U. S. Steel benefit plan\nCounty Health Services\tContra Costa Health Services Hazardous Materials Programs\nCOVID-19\tthe coronavirus\nCPP\tClean Power Plan\nCredit Facility Agreement\tFifth Amended and Restated Credit Facility Agreement\nCVD\tcountervailing duties\nCWA\tClean Water Act\nDAFW\tOSHA Days Away From Work\nDEC\tDepartment of Environmental Conservation\nDESCO\tDouble Eagle Steel Coating Company\nDOC\tU.S. Department of Commerce\nDOJ\tThe United States Department of Justice\nDouble G\tDouble G Coatings Company LLC\nEAF\tElectric Arc Furnace\nEBITDA\tearnings before interest taxes depreciation and amortization\nEC\tEuropean Commission\nECA\tExport Credit Agreement\nECT\tEast Chicago Tin\nEGLE\tEnvironment Great Lakes and Energy\n", "q10k_tbl_115": "PNC\tPNC Bank National Association\nPPA\tPension Protection Act of 2006\nppb\tparts per billion\nPRO-TEC\tPRO-TEC Coating Company U. S. Steel and Kobe Steel Ltd. joint venture\nPRP\tpotentially responsible party\nRCRA\tResource Conservation and Recovery Act\nRFI\tRCRA Facility Investigation\nROCE\tReturn On Capital Employed\nRP\tRehabilitation plan\nRSU\tRestricted Stock Units\nRTR\tResidual Risk and Technology Review\nS&P\tStandard & Poor's\nsales swaps\tfinancial swaps hot-rolled coil and iron ore pellet sales\nSCF\tsupply chain finance\nSEC\tSecurities and Exchange Commission\nSIP\tState Implementation Plan\nSO2\tSulfur dioxide\nSPT\tSteelworkers Pension Trust\nSSB\tSalomon Smith Barney Holdings Inc.\nStelco\tStelco Inc.\nSWMU\tSolid Waste Management Units\nthe 2005 Plan\t2005 Stock Incentive Plan\nthe 2018 Labor Agreements\tcollective bargaining agreements with United Steelworkers effective September 1 2018\nthe \"BRS ABL Facility\"\tBig River Steel LLC's asset-based revolving credit facility\nthe Exchange Act\tthe Securities Exchange Act of 1934\nthe Minntac Mine\tiron ore mine located in Mt. Iron Minnesota\nthe Omnibus Plan\t2016 Omnibus Incentive Compensation Plan\nUSSK Credit Agreement\tUSSK €460 million revolving credit facility\nTilden\tTilden Mining Company L.C.\nTRQ\ttariff rate quotas\nTSR\tTotal Shareholder Return\nTubular\tTubular Products segment\nU. S. Steel\tUnited States Steel Corporation\nU. S. Steel Call Option\tcall option exercised by USS to acquire BRS\nU.S. EPA\tUnited States Environmental Protection Agency\nU.S. GAAP\taccounting standards generally accepted in the United States\nUDEQ\tUtah Department of Environmental Quality\nUHSS\tUltra High Strength Steels\nug/m3\tmicrograms per cubic meter\nUPI\tUSS-POSCO Industries\nUSD\tU.S. dollars\nUSSE\tU. S. Steel Europe segment\nUSSK\tU. S. Steel Košice\nUSSTP\tU. S. Steel Tubular Products\nUSW\tUnited Steelworkers\nVEBA\ttrusts for retiree healthcare and life insurance\nVERP\tvoluntary early retirement program\nWater Legacy\ta nonprofit environmental group\nwelded\tseamless and electric resistance welded\nWorthington\tWorthington Specialty Processing U. S. Steel and Worthington Industries Inc. joint venture\nWTO\tWorld Trade Organization\n"}{"bs": "q10k_tbl_28", "is": "q10k_tbl_26", "cf": "q10k_tbl_29"}None
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended December 31, 2020
Or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to .
Commission file number 1-16811
United States Steel Corporation
(Exact name of registrant as specified in its charter)
Delaware
25-1897152
(State of Incorporation)
(I.R.S. Employer Identification No.)
600 Grant Street, Pittsburgh, PA15219-2800
(Address of principal executive offices)
Tel. No. (412) 433-1121
Securities registered pursuant to Section 12 (b) of the Act:
Title of Each Class
Trading Symbol
Name of Exchange on which Registered
United States Steel Corporation Common Stock, par value $1.00
X
New York Stock Exchange
United States Steel Corporation Common Stock, par value $1.00
X
Chicago Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☑ No
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No☑
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for at least the past 90 days. Yes☑ No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☑ No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definition of “large accelerated filer,” “accelerated filer," “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☒
Accelerated filer
☐
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ___
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Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. Yes ☑ No
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒
Aggregate market value of Common Stock held by non-affiliates as of June 30, 2020 (the last business day of the registrant’s most recently completed second fiscal quarter): $1.6 billion. The amount shown is based on the closing price of the registrant’s Common Stock on the New York Stock Exchange composite tape on that date. Shares of Common Stock held by executive officers and directors of the registrant are not included in the computation. However, the registrant has made no determination that such individuals are “affiliates” within the meaning of Rule 405 under the Securities Act of 1933.
There were 262,471,855 shares of United States Steel Corporation Common Stock outstanding as of February 8, 2021.
Documents Incorporated By Reference:
Portions of the Proxy Statement for the 2021 Annual Meeting of Stockholders are incorporated into Part III.
This report contains information that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in those sections. Generally, we have identified such forward-looking statements by using the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “target,” “forecast,” “aim,” “should,” “will,” "may" and similar expressions or by using future dates in connection with any discussion of, among other things, operating performance, trends, events or developments that we expect or anticipate will occur in the future, statements relating to volume changes, share of sales and earnings per share changes, anticipated cost savings, potential capital and operational cash improvements, anticipated disruptions to our operations and industry due to the COVID-19 pandemic, changes in global supply and demand conditions and prices for our products, international trade duties and other aspects of international trade policy, the integration of Big River Steel in our existing business, business strategies related to the combined business and statements expressing general views about future operating results. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements are not historical facts, but instead represent only the Company’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that the Company’s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Management believes that these forward-looking statements are reasonable as of the time made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. Our Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our Company's historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to the risks and uncertainties described in this report in “Item 1A. Risk Factors” and those described from time to time in our future reports filed with the Securities and Exchange Commission.
References in this Annual Report on Form 10-K to "U. S. Steel," "the Company," "we," "us," and "our" refer to United States Steel Corporation and its consolidated subsidiaries unless otherwise indicated by the context.
This report contains certain non-GAAP financial measures such as earnings (loss) before interest, income taxes, depreciation, depletion and amortization (EBITDA), adjusted EBITDA, adjusted net earnings (loss), adjusted net earnings (loss) per diluted share, free cash flow, net debt and cash conversion cycle.
We believe that EBITDA, considered along with the net earnings (loss), is a relevant indicator of trends relating to cash generating activity and provides management and investors with additional information for comparison of our operating results to the operating results of other companies.
Adjusted net earnings (loss) and adjusted net earnings (loss) per diluted share are non-GAAP measures that exclude the effects of items that include: the asset impairment charge, restructuring and other charges, the Fairless property sale, the Big River Steel options and forward adjustments, the December 24, 2018 Clairton coke making facility fire, the tax valuation allowance, loss on extinguishment of debt and other related costs, the USW labor agreement signing bonus and related costs, Granite City Works restart and related costs and gain on equity investee transactions that are not part of the Company's core operations (Adjustment Items). Adjusted EBITDA is also a non-GAAP measure that excludes the effects of certain Adjustment Items. We present adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA to enhance the understanding of our ongoing operating performance and established trends affecting our core operations, by excluding the effects of events that can obscure underlying trends. U. S. Steel's management considers adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA as alternative measures of operating performance and not alternative measures of the Company's liquidity. U. S. Steel’s management considers adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA useful to investors by facilitating a comparison of our operating performance to the operating performance of our competitors. Additionally, the presentation of adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA provides insight into management’s view and assessment of the Company’s ongoing operating performance, because management does not consider the adjusting items when evaluating the Company’s financial performance. Adjusted net earnings (loss), adjusted net earnings (loss) per diluted share and adjusted EBITDA should not be considered a substitute for net earnings (loss), earnings (loss) per diluted share or other financial measures as computed in accordance with U.S. GAAP and is not necessarily comparable to similarly titled measures used by other companies.
Net debt is a non-GAAP measure calculated as total debt less cash and cash equivalents. We believe net debt is a useful measure in calculating enterprise value. Both EBITDA and net debt are used by analysts to refine and improve the accuracy of their financial models which utilize enterprise value.
Free cash flow is a measure of cash generated from operations, after any investing activity and dividends paid to stockholders. We believe that free cash flow provides further insight into the Company's overall utilization of cash.
We believe the cash conversion cycle is a useful measure in providing investors with information regarding our cash management performance and is a widely accepted measure of working capital management efficiency. The cash conversion cycle should not be considered in isolation or as an alternative to other GAAP metrics as an indicator of performance.
10-K SUMMARY
This section provides an overview of U. S. Steel's business, strategy and financial performance for 2020. It does not contain all of the information that may be important to a reader. Please read the entire Annual Report on Form 10-K.
Our vision is for U. S. Steel to be a solutions provider to our customers through a unique offering of product and process innovation that is unmatched in the industry. Underlying our efforts is our belief that we must operate as a principled company committed to a code of conduct that is rooted in our Gary Principles and our core values. Our core values are articulated in our S.T.E.E.L. Principles - Safety First, Trust and Respect, Environmentally Friendly Activities, Ethical Behavior, and Lawful Business Conduct. These core values guide U. S. Steel and help support the economic and societal benefits associated with strong domestic manufacturing capabilities, of which steel is a foundational industry.
We are executing on our customer-centric strategy to transform U. S. Steel into a world-competitive, Best of BothSM, steelmaker by combining the best of the integrated steelmaking model with the best of the mini mill steelmaking model. Our strategy will deliver product and process innovation to create unmatched value for our customers while enhancing our earnings profile and delivering long-term cash flow through industry cycles. By offering unparalleled product capabilities, including the “green” steels (steels made with low greenhouse gas emissions intensity) our customers are increasingly demanding, we can achieve world-competitive positioning in strategic, high-margin end markets, and deliver high-quality, sustainable, value-added products and innovative solutions. To get to our Best of Both future, we are investing to create distinct cost and capability advantages, enhancing our focus on operational and commercial excellence and promoting technological innovation, so we can deliver an unmatched value proposition to our customers while creating a more variable cost structure, and lowering the capital intensity of the business.
The diagram below illustrates our world-competitive, Best of Both strategic framework and highlights the key actions to transform our business.
Over the past several years, we have proactively re-shaped our footprint and transformed our balance sheet. We used the strength and foundation of our business to align our balance sheet with the investment horizon to execute our strategy.
Our strategy is informed by our critical success factors, which are the bedrock of the Best of Both strategy: (1) Move Down the Cost Curve; (2) Win in Strategic Markets; and (3) Move Up the Talent Curve. Several of the strategic projects we are undertaking
are expected to result in operational improvements. Additionally, the enhanced operating model and organizational structure we implemented beginning in 2020 will also position U. S. Steel to lower its structural fixed costs. We are also investing in new technologies to improve our cost position and increase our capabilities, including our acquisition of Big River Steel in January 2021, the completed electric arc furnace (EAF) at Fairfield Tubular Operations and the commissioning of a new Continuous Galvanizing Line for AHSS substrates at our Pro-Tec Coating Company joint venture that incorporates proprietary U. S. Steel technology. We will focus on strategic markets, where there is the greatest opportunity to provide differentiated, innovative and value-added solutions that will help our customers succeed. We know that to accomplish our objectives, we also need to move up the talent curve. We are investing in our employees and providing the training and resources they need to succeed. This will help us reinforce a culture where accountability, fairness and respect are foundational, and high performance and inclusion in all its forms are valued and celebrated. In addition, we are bringing Big River Steel’s focused, innovative, and entrepreneurial mindset into the way we do business. By bringing these two world-class workforces together, with a shared values-based culture, we can create significant value across the enterprise.
2020 was another strategically transformational year despite the challenges presented by the COVID-19 pandemic. On December 8, 2020, we exercised our call option to acquire the remaining equity of Big River Steel. The purchase of Big River Steel closed on January 15, 2021 for $723 million in cash and the assumption of approximately $50 million in liabilities. The successful completion of the acquisition marked a major milestone in our Best of Both strategy. By fully acquiring Big River Steel we have created North America’s only Best of Both steel technology company. Our Best of Both steel technology company combines leading advanced high-strength steel intellectual property with a technologically advanced and low-greenhouse gas emissions mini mill.
On October 26, 2020, we announced the successful start-up of our new, technologically advanced EAF steelmaking facility at our Fairfield, Alabama operations. The EAF is used to produce rounds as substrate for our seamless pipe facility. By insourcing rounds production we expect to structurally improve the Tubular segment's cost position by approximately $90 per seamless ton.
We also announced two significant steps towards the Company’s strategic objective to monetize its iron ore assets. First, on April 30, 2020, we granted Stelco Inc. (Stelco) at a purchase price of $100 million the option to acquire a 25 percent interest in the Company’s Minntac iron ore mining operations for an aggregate purchase price of $600 million. The option can be exercised any time before January 31, 2027 and, upon exercise, Stelco will make an additional payment of $500 million to acquire its 25 percent interest in the new cost-sharing joint venture. This agreement ensures U. S. Steel will continue to be the operator and majority owner of the Minntac mine. We also entered into a seven year agreement to sell significant volumes of iron ore pellets to Stelco. Second, on May 18, 2020, we announced a four-year agreement to sell substantial volumes of quality iron ore pellets to Ontario, Canada based Algoma Steel Inc. The purchase agreement, which runs from 2021 through 2024, provides incremental volume and a new long-term iron ore customer for U. S. Steel’s Minnesota mines.
We also made considerable progress on our commitment to reduce fixed costs by $200 million. We are on-track to achieve this goal by 2022.
Ultimately, we intend to center our North American Flat-Rolled operations to offer customers differentiated products and to deliver highly competitive long-term cash flow generation through higher earnings and lower maintenance capital expenditures.
This section provides an overview of select key performance indicators for U. S. Steel which management and investors use to assess the Company's financial performance. It does not contain all of the information you should consider. Fluctuations for year to year changes are explained in Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations."
•The net loss in 2020 reflects a significant decline in demand related to the economic impacts of the COVID-19 pandemic, disruption in the Tubular market that led to oversupply during a time of declining demand and continued high-levels of imports. The decline in demand in the Tubular market was considered a triggering event that led to an impairment of $263 million for our welded tubular asset group. In addition, the Company recognized $138 million of restructuring charges during 2020 to better align its operations with customer demand and reduce fixed costs. See Notes 1 and 25 to the Consolidated Financial Statements for further details.
•Our 2019 net loss includes unfavorable restructuring impacts of $275 million for the indefinite idling of certain of our Flat-Rolled facilities, headcount reductions and plant exit costs at USSE and Company-wide headcount reductions. Our financial results were also negatively impacted by lower average realized prices across all of our business segments, significant market challenges in our USSE segment and a $334 million non-cash charge to tax expense that increased the valuation allowance related to our net domestic deferred tax asset.
•Our 2018 net earnings include a favorable impact of $374 million due to the reversal of a portion of our deferred tax asset valuation allowance.
•These amounts are derived starting from net (loss) earnings as shown on page 6. For a full reconciliation of adjusted net (loss) earnings see page 17.
•The earnings decrease from 2019 to 2020 was primarily due to a significant decline in demand related to the economic impacts of the COVID-19 pandemic, disruption in the Tubular market that led to oversupply during a time of declining demand and continued high-levels of imports.
•Earnings decreased from 2018 to 2019 as market conditions in the U.S. weakened in the latter half of 2019 and our USSE segment faced significant market challenges from weakening economic conditions, primarily in the manufacturing sector.
•These amounts are derived starting from net (loss) earnings as shown on page 6. For a full reconciliation of adjusted EBITDA see page 19.
•In 2020, Flat-Rolled and Tubular EBITDA declined. Flat-Rolled shipments declined due to customer operating restrictions and lower demand as a result of the COVID-19 pandemic. North American steel demand declined dramatically with capacity utilization rates dropping to almost 50% in the second quarter accompanied by significant spot price erosion. In Tubular, the continued disruption in the oil and gas industry, as well as pandemic-related impacts, reduced demand for oil and gas and severely impacted energy prices, creating significant reductions of drilling activity in the U.S.
•EBITDA decreased from 2018 to 2019 primarily in our Flat-Rolled and USSE segments. The primary driver of decreased EBITDA in our Flat-Rolled segment was lower average realized prices related to weakening demand in the latter half of 2019. Our USSE segment temporarily idled one blast furnace as it experienced reduced shipment levels and lower average realized prices as a result of significant market challenges from weakening economic conditions, primarily in the manufacturing sector, and continued high levels of imports, coupled with domestic CO2 cost disadvantages compared to imports. Tubular results continued to be negatively impacted by high levels of imports which resulted in lower selling prices.
•The decrease in net sales in 2020 as compared to 2019 was primarily due to lower shipments and lower average realized prices in all of our reportable segments primarily caused by the economic impacts of the COVID-19 pandemic and the disruption in the oil and gas industry.
•The decrease in net sales in 2019 as compared to 2018 was primarily due to lower average realized prices in all of our reportable segments and significantly reduced shipments in our USSE segment. Lower average realized prices in our Flat-Rolled and Tubular segments reflect weakening market conditions in the latter half of 2019. Reduced shipment levels and lower average realized prices in our USSE segment were the result of significant market challenges from weakening economic conditions, primarily in the manufacturing sector, and continued high levels of imports, coupled with domestic CO2 cost disadvantages compared to imports.
•In 2020, the positive cash flow from operations was primarily due to the efficient use of working capital partially offset by declining financial performance.
•In 2019, the positive cash flow from operations was primarily due to efficient use of working capital.
•In 2018, improved financial performance more than offset the investment in working capital.
•Our cash conversion cycle was 28, 37 and 24 days for 2018, 2019 and 2020, respectively. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources” for the calculation of our cash conversion cycle.
•The free cash flow shown above was derived starting from cash flow from operations as shown on page 11. For a full reconciliation of free cash flow see page 20.
•In 2020, the Company was faced with significant market challenges that resulted in decreased profitability and reduced capital spending to preserve liquidity.
•A portion of our cash from operations in 2019 was spent on strategic projects in furtherance of our world-competitive, Best of Both strategy.
•Capital expenditures totaled $1.0 billion in 2018 including $335 million on asset revitalization projects that were focused on delivering improvements in safety, quality, delivery and cost for critical assets in our Flat-Rolled segment.
•Maintaining cash and liquidity to support and enable execution of our Best of Both strategy is an important priority. Despite the economic challenges we faced in 2020, we maintained strong liquidity which enabled the January 2021 purchase of the remaining interest in Big River Steel primarily with cash.
•Our liquidity was also strong in 2018 and 2019 and supported our ability to satisfy short-term obligations, fund working capital requirements, and enable execution of key strategic priorities.
•The increase in debt in 2020 was primarily related to the issuance of our 2025 Senior Secured Notes and the Export-Import Credit Agreement and Export Credit Agreement borrowings. These borrowings strengthened our balance sheet and increased liquidity during the COVID-19 pandemic.
•The increase in debt in 2019 was primarily related to net drawings that totaled approximately $760 million on our credit facilities, the $350 million issuance of senior convertible notes and the net increase in environmental revenue bonds of $220 million.
•Net debt was derived starting from total debt as shown in the full reconciliation on page 20.
•The increase in net debt in 2019 was primarily related to the increase in debt described above and the use of funds to purchase our 49.9% interest in Big River Steel, fund the electric arc furnace construction at Fairfield Tubular Operations and finance other capital expenditures.
•The decrease in 2020 net periodic benefit cost from 2019 was primarily due to better than expected 2019 asset performance, lower amortization of prior service costs, lower future healthcare costs and reduced participation in our retiree healthcare plans.
•The increase in 2019 net periodic benefit cost from 2018 was mainly due to increased contributions to the Steelworkers' Pension Trust (SPT) in 2019 in accordance with the increase in the contribution rate per hour required under the 2018 Labor Agreements.
•For further details, see Note 18 to the Consolidated Financial Statements.
•The funded status of our pension plan improved by $265 million in 2020 primarily due to favorable 2020 asset performance partially offset by a decrease in the discount rate. The funded status of our other post-employment benefits (OPEB) plan improved by $121 million in 2020 primarily due to a decrease in expected future healthcare costs and favorable 2020 asset performance.
•At the end of 2020, on a U.S. GAAP basis the funded status was 98% and 115% for our pension and OPEB obligations as compared to a funded status of 93% and 108% at the end of 2019, respectively.
•No required contributions to the pension plan are projected within the next 5 years.
•For further details, see Note 18 to the Consolidated Financial Statements.
Throughout this report, we present EBITDA, adjusted EBITDA, adjusted net (loss) earnings and adjusted net (loss) earnings per diluted share, free cash flow and net debt which are non-GAAP measures, as additional measurements to enhance the understanding of our operating performance, cash flow and financial position and to facilitate comparison with our competitors. See page 3 for an explanation of our use of certain non-GAAP financial measures.
RECONCILIATION TO ADJUSTED NET (LOSS) EARNINGS (a)
Year Ended December 31,
(Dollars in millions)
2020
2019
2018
Reconciliation to adjusted net (loss) earnings attributable to United States Steel Corporation
Net (loss) earnings attributable to United States Steel Corporation, as reported