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Revenue
3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue
6.     Revenue

Revenue is generated primarily from contracts to produce, ship and deliver steel products, and to a lesser extent, raw materials sales such as iron ore pellets and coke by-products and real estate sales. Generally, U. S. Steel’s performance obligations are satisfied and revenue is recognized 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.

The following tables disaggregate our revenue by product for each of the reportable business segments for the three months ended March 31, 2022 and 2021, respectively:

Net Sales by Product (In millions):
Three Months Ended March 31, 2022Flat-RolledMini MillUSSETubularOtherTotal
Semi-finished$49 $ $1 $ $ $50 
Hot-rolled sheets514 399 593   1,506 
Cold-rolled sheets971 92 139   1,202 
Coated sheets1,196 224 483   1,903 
Tubular products  15 306  321 
All Other (a)
224 3 20 3 2 252 
Total$2,954 $718 $1,251 $309 $2 $5,234 
(a) Consists primarily of sales of raw materials and coke making by-products.
Three Months Ended March 31, 2021Flat-Rolled
Mini Mill (b)
USSETubularOtherTotal
Semi-finished$12 $— $$— $— $15 
Hot-rolled sheets450 249 386 — — 1,085 
Cold-rolled sheets784 79 83 — — 946 
Coated sheets878 121 298 — — 1,297 
Tubular products— — 10 128 — 138 
All Other (a)
148 18 10 183 
Total$2,272 $450 $798 $134 $10 $3,664 
(a) Consists primarily of sales of raw materials and coke making by-products.
(b) Mini Mill segment added after January 15, 2021 with the purchase of the remaining equity interest in Big River Steel.