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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net earnings $ 882 $ 91
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 198 189
Gain on equity investee transactions 0 (111)
Restructuring and other charges (Note 20) 17 6
Loss on debt extinguishment 0 255
Pensions and other postretirement benefits (60) (25)
Deferred income taxes (Note 12) 121 3
Net gain on sale of assets (2) 0
Equity investee earnings, net of distributions received (36) (14)
Changes in:    
Current receivables (355) (477)
Inventories (467) (183)
Current accounts payable and accrued expenses 360 386
Income taxes receivable/payable 140 3
All other, net (27) (12)
Net cash provided by operating activities 771 111
Investing activities:    
Capital expenditures (349) (136)
Acquisition of Big River Steel, net of cash acquired (Note 5) 0 (625)
Proceeds from sale of assets 4 0
Other investing activities 7 1
Net cash used in investing activities (352) (762)
Financing activities:    
Repayment of short-term debt (Note 15) 0 (180)
Revolving credit facilities - borrowings, net of financing costs (Note 15) 0 50
Revolving credit facilities - repayments (Note 15) 0 (671)
Issuance of long-term debt, net of financing costs (Note 15) 4 826
Repayment of long-term debt (Note 15) (6) (1,379)
Net proceeds from public offering of common stock (Note 22) 0 791
Common stock repurchased (Note 22) (123) 0
Proceeds from government incentives (Note 21) 82 0
Other financing activities (28) (10)
Net cash used in financing activities (71) (573)
Effect of exchange rate changes on cash (7) (12)
Net increase (decrease) in cash, cash equivalents and restricted cash 341 (1,236)
Cash, cash equivalents and restricted cash at beginning of year (Note 7) 2,600 2,118
Cash, cash equivalents and restricted cash at end of period (Note 7) 2,941 882
Noncash Investing and Financing Items [Abstract]    
Change in accrued capital expenditures 22 5
U. S. Steel common stock issued for employee/non-employee director stock plans 45 18
Capital expenditures funded by finance lease borrowings 7 1
Export Credit Agreement (ECA) financing $ 0 $ 23