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Revenue
9 Months Ended
Sep. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue
5.     Revenue

Revenue is generated primarily from contracts to produce, ship and deliver steel products, and to a lesser extent, to deliver raw materials such as iron ore pellets, to deliver coke by-products and for railroad services and real estate sales. Generally, U. S. Steel’s performance obligations are satisfied, control of our products is transferred, and revenue is recognized at a single point in time, when title transfers to our customer for product shipped or services are provided. Revenues are recorded net of any sales incentives. Shipping and other transportation costs charged to customers are treated as fulfillment activities and are recorded in both revenue and cost of sales at the time control is transferred to the customer. Costs related to obtaining sales contracts are incidental and are expensed when incurred. Because customers are invoiced at the time title transfers and U. S. Steel’s right to consideration is unconditional at that time, U. S. Steel does not maintain contract asset balances. Additionally, U. S. Steel does not maintain contract liability balances, as performance obligations are satisfied prior to customer payment for product. U. S. Steel offers industry standard payment terms.
 
U. S. Steel has three reportable segments: Flat-Rolled, USSE and Tubular. Flat-Rolled primarily generates revenue from sheet and coated product sales to North American customers. Flat-Rolled also sells slabs, iron ore pellets and coke making by-products. USSE sells slabs, sheet, strip mill plate, coated products and spiral welded pipe to customers primarily in the Eastern European market. Tubular sells seamless and electric resistance welded (ERW) steel casing and tubing (commonly known as oil country tubular goods or OCTG), standard and line pipe and mechanical tubing and primarily serves customers in the oil, gas and petrochemical markets. Revenue from our railroad and real estate businesses is reported in the Other Businesses category in our segment reporting structure. The following tables disaggregate our revenue by product for each of our reportable business segments for the three months and nine months ended September 30, 2019 and 2018, respectively:

Net Sales by Product (In millions):
Three Months Ended September 30, 2019
 
Flat-Rolled
USSE
Tubular
Other Businesses
Total
Semi-finished
 
$
69

$
2

$

$

$
71

Hot-rolled sheets
 
537

199



736

Cold-rolled sheets
 
627

59



686

Coated sheets
 
765

231



996

Tubular products
 

11

257


268

All Other (a)
 
279

16

5

12

312

Total
 
$
2,277

$
518

$
262

$
12

$
3,069

(a) Consists primarily of sales of raw materials and coke making by-products.
Three Months Ended September 30, 2018
 
Flat-Rolled
USSE
Tubular
Other Businesses
Total
Semi-finished
 
$
40

$
83

$

$

$
123

Hot-rolled sheets
 
764

267



1,031

Cold-rolled sheets
 
718

91



809

Coated sheets
 
829

282



1,111

Tubular products
 

12

304


316

All Other (a)
 
281

32

9

17

339

Total
 
$
2,632

$
767

$
313

$
17

$
3,729

(a) Consists primarily of sales of raw materials and coke making by-products.
Nine Months Ended September 30, 2019
 
Flat-Rolled
USSE
Tubular
Other Businesses
Total
Semi-finished
 
$
278

$
11

$

$

$
289

Hot-rolled sheets
 
1,982

818



2,800

Cold-rolled sheets
 
1,931

229



2,160

Coated sheets
 
2,309

779



3,088

Tubular products
 

31

903


934

All Other (a)
 
721

65

18

38

842

Total
 
$
7,221

$
1,933

$
921

$
38

$
10,113

(a) Consists primarily of sales of raw materials and coke making by-products.
Nine Months Ended September 30, 2018
 
Flat-Rolled
USSE
Tubular
Other Businesses
Total
Semi-finished
 
$
50

$
172

$

$

$
222

Hot-rolled sheets
 
1,976

959



2,935

Cold-rolled sheets
 
2,092

293



2,385

Coated sheets
 
2,332

889



3,221

Tubular products
 

37

862


899

All Other (a)
 
664

88

26

47

825

Total
 
$
7,114

$
2,438

$
888

$
47

$
10,487

(a) Consists primarily of sales of raw materials and coke making by-products.