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SEGMENT REPORTING (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information
Our results by segment are as follows:
Three Months Ended
March 31,
(In millions)20242023
Revenues:
Steelmaking$5,027 $5,126 
Other Businesses172 169 
Total revenues$5,199 $5,295 
Adjusted EBITDA:
Steelmaking$395 $240 
Other Businesses17 
Eliminations2 (5)
Total Adjusted EBITDA$414 $243 
The following table provides a reconciliation of our consolidated Net loss to total Adjusted EBITDA:
Three Months Ended
March 31,
(In millions)20242023
Net loss$(53)$(42)
Less:
Interest expense, net(64)(77)
Income tax benefit8 13 
Depreciation, depletion and amortization(230)(242)
233 264 
Less:
EBITDA of noncontrolling interests1
21 23 
Weirton indefinite idle2
(177)— 
Loss on extinguishment of debt(21)— 
Other, net(4)(2)
Total Adjusted EBITDA$414 $243 
1 EBITDA of noncontrolling interests includes the following:
Net income attributable to noncontrolling interests$14 $15 
Depreciation, depletion and amortization7 
EBITDA of noncontrolling interests$21 $23 
2 Refer to NOTE 2 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION for further information.
The following table summarizes our depreciation, depletion and amortization and capital additions by segment:
Three Months Ended
March 31,
(In millions)20242023
Depreciation, depletion and amortization:
Steelmaking$(222)$(231)
Other Businesses(8)(11)
Total depreciation, depletion and amortization$(230)$(242)
Capital additions1:
Steelmaking$156 $127 
Other Businesses1 
Total capital additions$157 $128 
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,
2024
December 31,
2023
Assets:
Steelmaking$16,738 $16,880 
Other Businesses658 657 
Intersegment eliminations(505)(507)
Total segment assets16,891 17,030 
Corporate345 507 
Total assets$17,236 $17,537