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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Not Carried at Fair Value
The following table summarizes U. S. Steel’s financial assets and liabilities that were not carried at fair value at September 30, 2016 and December 31, 2015.
 
 
September 30, 2016
 
December 31, 2015
(In millions)
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
Financial liabilities:
 

 

 

 

Long-term debt (a)
 
$
3,098

 
$
3,051

 
$
1,896

 
$
3,107

(a)Excludes capital lease obligations.