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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net earnings $ 523 $ 228
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 384 376
Gain associated with retained interest in U. S. Steel Canada Inc. (Note 23) 0 (72)
Gain on equity investee transactions (Note 24) (18) (21)
Restructuring and other charges (Note 21) 0 30
Loss on debt extinguishment (Note 9) 77 32
Provision for doubtful accounts 4 1
Pensions and other postretirement benefits 57 42
Deferred income taxes (Note 11) 1 7
Net gain on disposal of assets (3) (2)
Equity investee earnings, net of distributions received (35) (18)
Changes in:    
Current receivables (357) (214)
Inventories (228) (123)
Current accounts payable and accrued expenses 302 121
Income taxes receivable/payable 53 15
Bank checks outstanding 1 12
All other, net (39) 132
Net cash provided by operating activities 722 546
Investing activities:    
Capital expenditures (646) (291)
Disposal of assets 10 0
Proceeds from sale of ownership interest in equity investee (Note 24) 0 105
Investments, net (1) (3)
Net cash used in investing activities (637) (189)
Financing activities:    
Issuance of long-term debt, net of financing costs (Note 15) 640 737
Repayment of long-term debt (Note 15) (922) (906)
Dividends paid (27) (26)
Receipt from exercise of stock options 34 14
Taxes paid for equity compensation plans (Note 10) (9) (10)
Net cash used in financing activities (284) (191)
Effect of exchange rate changes on cash (13) 15
Net (decrease) increase in cash, cash equivalents and restricted cash (212) 181
Cash, cash equivalents and restricted cash at beginning of year (Note 6) 1,597 1,555
Cash, cash equivalents and restricted cash at end of period (Note 6) $ 1,385 $ 1,736