AG真人平台AG真人试玩

Quarterly report [Sections 13 or 15(d)]

REVENUES

v3.25.1
REVENUES
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract] 听
REVENUES
NOTE 4 - REVENUES
We generate our revenue through product sales, in which shipping terms indicate when we have fulfilled our performance obligations and transferred control of products to our customer. Our revenue transactions consist of a single performance obligation to transfer promised goods. Our contracts with customers define the mechanism for determining the sales price, which is generally fixed upon transfer of control, but the contracts generally do not impose a specific quantity on either party. Quantities to be delivered to the customer are determined at a point near the date of delivery through purchase orders or other written instructions we receive from the customer. Spot market sales are made through purchase orders or other written instructions. We consider our performance obligation to be complete and recognize revenue when control transfers in accordance with shipping terms.
Revenue is measured as the amount of consideration we expect to receive in exchange for transferring product. We reduce the amount of revenue recognized for estimated returns and other customer credits, such as discounts and volume rebates, based on the expected value to be realized. Payment terms are consistent with terms standard to the markets we serve. Sales taxes collected from customers are excluded from revenues. Revenue by market and product are presented net of intersegment revenues, which are entirely related to the AG真人平台AG真人试玩making segment.
The following table represents our Revenues by market:
Three Months Ended
March 31,
(In millions) 2025 2024
AG真人平台AG真人试玩making:
Direct automotive $ 1,297听 $ 1,617听
Infrastructure and manufacturing 1,354听 1,392听
Distributors and converters 1,228听 1,412听
AG真人平台AG真人试玩 producers
 588听 606听
Total AG真人平台AG真人试玩making 4,467听 5,027听
Other Businesses:
Direct automotive 130听 140听
Infrastructure and manufacturing 10听 10听
Distributors and converters 22听 22听
Total Other Businesses 162听 172听
Total revenues $ 4,629听 $ 5,199听
The following tables represent our Revenues by product line:
Three Months Ended
March 31,
(In millions) 2025 2024
AG真人平台AG真人试玩making:
Hot-rolled steel $ 1,166听 $ 1,128听
Cold-rolled steel 591听 749听
Coated steel 1,361听 1,623听
Stainless and electrical steel 444听 461听
Plate 247听 333听
Slab and other steel products 247听 335听
Other 411听 398听
Total AG真人平台AG真人试玩making 4,467听 5,027听
Other Businesses:
Other 162听 172听
Total revenues $ 4,629听 $ 5,199听