SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information, By Segment

Our results by segment are as follows:

	(In Millions)
	Three Months Ended March 31,
	2021		2020
Revenues:
Steelmaking	$	3,919	$	337
Other Businesses	130		22
Total revenues	$	4,049	$	359
Adjusted EBITDA:
Steelmaking	$	537	$	44
Other Businesses	11		2
Corporate and eliminations	(35)		(23)
Total Adjusted EBITDA	$	513	$	23

The following table provides a reconciliation of our consolidated Net income (loss) to total Adjusted EBITDA:

	(In Millions)
	Three Months Ended March 31,
	2021		2020
Net income (loss)	$	57	$	(49)
Less:
Interest expense, net	(92)		(31)
Income tax benefit (expense)	(9)		51
Depreciation, depletion and amortization	(217)		(35)
	375		(34)
Less:
EBITDA of noncontrolling interests1	22		4
Gain (loss) on extinguishment of debt	(66)		3
Severance costs	(11)		(19)
Acquisition-related costs excluding severance costs	(2)		(23)
Amortization of inventory step-up	(81)		(23)
Impact of discontinued operations	—		1
Total Adjusted EBITDA	$	513	$	23
1 EBITDA of noncontrolling interests includes $16 million and $3 million for income and $6 million and $1 million for depreciation, depletion and amortization for the three months ended March 31, 2021 and 2020, respectively.

The following table summarizes our capital additions by segment:

	(In Millions)
	Three Months Ended March 31,
	2021		2020
Capital additions1:
Steelmaking	$	133	$	154
Other Businesses	11		3
Corporate	18		1
Total capital additions	$	162	$	158
1 Refer to NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION for additional information.

Reconciliation of Assets from Segment to Consolidated

The following summarizes our assets by segment:

	(In Millions)
	March 31, 2021		December 31, 2020
Assets:
Steelmaking	$	16,271	$	15,849
Other Businesses	295		239
Total segment assets	16,566		16,088
Corporate	649		683
Total assets	$	17,215	$	16,771