The company’s segment results are as follows (in thousands):



			Metals		Steel
For The Year Ended	Steel		Recycling		Fabrication
December 31, 2017	Operations		Operations		Operations		Other			Eliminations			Consolidated

Net Sales
External	$	6,613,944	$	1,204,188	$	823,630	$	373,212		$	-		$	9,014,974
External Non-United States		317,819		205,853		151		-			-			523,823
Other segments		243,646		1,402,963		644		2,299			(1,649,552)			-
		7,175,409		2,813,004		824,425		375,511			(1,649,552)			9,538,797
Operating income (loss)		1,098,630		71,052		87,295		(190,785)	(1)		689	(2)		1,066,881
Income (loss) before income taxes		1,014,863		64,638		81,046		(226,001)			689			935,235
Depreciation and amortization		227,752		48,830		11,507		10,910			-			298,999
Capital expenditures		128,749		25,998		7,506		2,682			-			164,935

As of December 31, 2017

Assets	$	4,257,167	$	1,011,298	$	384,402	$	1,334,361	(3)	$	(131,496)	(4)	$	6,855,732


Footnotes related to the year ended December 31, 2017, segment results (in millions):

(1)	Corporate SG&A	$	(49.4)	(2)	Gross profit increase from intra-company sales	$	0.7
	Company-wide equity-based compensation		(36.5)
	Profit sharing		(87.6)
	Minnesota ironmaking operations		(12.8)
	Other, net		(4.5)
		$	(190.8)

(3)	Cash and equivalents	$	1,003.2	(4)	Elimination of intercompany receivables	$	(106.1)
	Accounts receivable		9.4		Elimination of intra-company debt		(13.4)
	Inventories		58.8		Other		(12.0)
	Income tax receivable		57.3			$	(131.5)
	Property, plant and equipment, net		160.9
	Intra-company debt		13.4
	Other		31.4
		$	1,334.4

Note 13. Segment Information (Continued)



			Metals			Steel
For The Year Ended	Steel		Recycling			Fabrication
December 31, 2016	Operations		Operations			Operations		Other			Eliminations			Consolidated

Net Sales
External	$	5,399,275	$	1,007,781		$	700,852	$	271,828		$	-		$	7,379,736
External Non-United States		235,436		161,560			189		188			-			397,373
Other segments		236,213		1,002,536			2,481		4,896			(1,246,126)			-
		5,870,924		2,171,877			703,522		276,912			(1,246,126)			7,777,109
Operating income (loss)		926,954		20,423	(5)		90,955		(301,116)	(1)		(9,250)	(2)		727,966
Income (loss) before income taxes		836,818		8,378	(5)		82,776		(354,589)			(9,250)			564,133
Depreciation and amortization		213,227		56,483			10,952		15,652			(205)			296,109
Capital expenditures		160,767		29,443			3,123		4,827			-			198,160

As of December 31, 2016

Assets	$	4,126,448	$	1,038,946		$	340,902	$	1,054,448	(3)	$	(137,012)	(4)	$	6,423,732


Footnotes related to the year ended December 31, 2016, segment results (in millions):

(1)	Corporate SG&A	$	(48.9)	(2)	Gross profit decrease from intra-company sales	$	(11.1)
	Company-wide equity-based compensation		(30.4)		Non-cash asset impairment charges		1.8
	Profit sharing		(66.4)			$	(9.3)
	Minnesota ironmaking operations		(15.8)
	Minnesota ironmaking operations non-cash
	asset impairment charges ($127.3 net
	of eliminating amounts)		(129.1)
	Other, net		(10.5)
		$	(301.1)

(3)	Cash and equivalents	$	775.7	(4)	Elimination of intercompany receivables	$	(112.3)
	Accounts receivable		2.0		Elimination of intra-company debt		(12.1)
	Inventories		35.4		Other		(12.6)
	Income tax receivable		25.3			$	(137.0)
	Property, plant and equipment, net		168.5
	Intra-company debt		12.1
	Other		35.4
		$	1,054.4

(5)	Includes $5.5 million of non-cash goodwill
	impairment charges.

Note 13. Segment Information (Continued)


			Metals			Steel
For The Year Ended	Steel		Recycling			Fabrication
December 31, 2015	Operations		Operations			Operations		Other			Eliminations			Consolidated

Net Sales
External	$	4,935,549	$	1,249,061		$	671,323	$	283,965		$	-		$	7,139,898
External Non-United States		267,963		183,942			2,051		557			-			454,513
Other segments		218,963		904,713			25		30,325			(1,154,026)			-
		5,422,475		2,337,716			673,399		314,847			(1,154,026)			7,594,411
Operating income (loss)		403,216		(448,137)	(3)		115,947		(148,784)	(1)		4,974	(2)		(72,784)
Income (loss) before income taxes		312,402		(465,426)	(3)		108,795		(202,862)			4,974			(242,117)
Depreciation and amortization		205,827		65,640			9,587		13,746			(205)			294,595
Capital expenditures		71,752		21,874			3,395		17,480			-			114,501


Footnotes related to the year ended December 31, 2015, segment results (in millions):

(1)	Corporate SG&A	$	(37.8)	(2)	Gross profit increase from intra-company sales	$	5.0
	Company-wide equity-based compensation		(27.1)
	Profit sharing		(17.7)
	Minnesota ironmaking operations		(55.7)
	Other, net		(10.5)
		$	(148.8)

(3)	Includes $428.5 million of pretax non-cash asset
	impairment charges.