SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information, By Segment

Our results by segment are as follows:

	(In Millions)
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Revenues:
Steelmaking	$	4,922	$	1,023	$	8,841	$	1,360
Other Businesses	123		70		253		92
Total revenues	$	5,045	$	1,093	$	9,094	$	1,452
Adjusted EBITDA:
Steelmaking	$	1,395	$	(54)	$	1,932	$	(10)
Other Businesses	8		2		19		4
Corporate and eliminations	(43)		(30)		(78)		(53)
Total Adjusted EBITDA	$	1,360	$	(82)	$	1,873	$	(59)

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

	(In Millions)
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net income (loss)	$	795	$	(108)	$	852	$	(157)
Less:
Interest expense, net	(85)		(69)		(177)		(100)
Income tax benefit (expense)	(216)		25		(225)		76
Depreciation, depletion and amortization	(208)		(77)		(425)		(112)
	1,304		13		1,679		(21)
Less:
EBITDA of noncontrolling interests1	21		21		43		25
Gain (loss) on extinguishment of debt	(22)		130		(88)		133
Severance costs	(1)		(17)		(12)		(36)
Acquisition-related costs excluding severance costs	—		(2)		(2)		(25)
Acquisition-related loss on equity method investment	(18)		—		(18)		—
Amortization of inventory step-up	(37)		(36)		(118)		(59)
Impact of discontinued operations	1		(1)		1		—
Total Adjusted EBITDA	$	1,360	$	(82)	$	1,873	$	(59)
1 EBITDA of noncontrolling interests includes the following:
Net income attributable to noncontrolling interests	$	15	$	16	$	31	$	19
Depreciation, depletion and amortization	6		5		12		6
EBITDA of noncontrolling interests	$	21	$	21	$	43	$	25

The following table summarizes our capital additions by segment:

	(In Millions)
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Capital additions1:
Steelmaking	$	146	$	66	$	279	$	220
Other Businesses	21		7		32		10
Corporate	—		—		18		1
Total capital additions	$	167	$	73	$	329	$	231
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)
	June 30, 2021		December 31, 2020
Assets:
Steelmaking	$	16,966	$	15,849
Other Businesses	324		239
Total segment assets	17,290		16,088
Corporate	456		683
Total assets	$	17,746	$	16,771