SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information, By Segment

Our results by segment are as follows:

	(In Millions)
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenues:
Steelmaking	$	5,869	$	1,506	$	14,710	$	2,866
Other Businesses	135		140		388		232
Total revenues	$	6,004	$	1,646	$	15,098	$	3,098
Adjusted EBITDA:
Steelmaking	$	1,969	$	127	$	3,901	$	117
Other Businesses	6		18		25		22
Corporate and eliminations	(42)		(19)		(120)		(72)
Total Adjusted EBITDA	$	1,933	$	126	$	3,806	$	67

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

	(In Millions)
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net income (loss)	$	1,282	$	2	$	2,134	$	(155)
Less:
Interest expense, net	(81)		(68)		(258)		(168)
Income tax benefit (expense)	(334)		22		(559)		98
Depreciation, depletion and amortization	(239)		(72)		(664)		(184)
	1,936		120		3,615		99
Less:
EBITDA of noncontrolling interests1	17		16		60		41
Gain (loss) on extinguishment of debt	—		—		(88)		133
Severance costs	(3)		(2)		(15)		(38)
Acquisition-related costs excluding severance costs	(1)		(5)		(3)		(30)
Acquisition-related loss on equity method investment	—		—		(18)		—
Amortization of inventory step-up	(11)		(15)		(129)		(74)
Impact of discontinued operations	1		—		2		—
Total Adjusted EBITDA	$	1,933	$	126	$	3,806	$	67
1 EBITDA of noncontrolling interests includes the following:
Net income attributable to noncontrolling interests	$	8	$	12	$	39	$	31
Depreciation, depletion and amortization	9		4		21		10
EBITDA of noncontrolling interests	$	17	$	16	$	60	$	41

The following table summarizes our capital additions by segment:

	(In Millions)
	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Capital additions1:
Steelmaking	$	233	$	93	$	512	$	313
Other Businesses	10		9		42		19
Corporate	—		—		18		1
Total capital additions	$	243	$	102	$	572	$	333
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)
	September 30, 2021		December 31, 2020
Assets:
Steelmaking	$	17,439	$	15,849
Other Businesses	351		239
Total segment assets	17,790		16,088
Corporate	276		683
Total assets	$	18,066	$	16,771