AGÕæÈËƽ̨AGÕæÈËÊÔÍæ

Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.25.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract] Ìý
Schedule Of Segment Reporting Information
The following tables provide our results by segment as well as a reconciliation from consolidated Adjusted EBITDA to our consolidated Net income (loss):
Three Months Ended March 31, 2025
(In millions) AGÕæÈËƽ̨AGÕæÈËÊÔÍæmaking Other Businesses Eliminations Total
Revenues $ 4,495Ìý $ 162Ìý $ (28) $ 4,629Ìý
Cost of goods sold (4,895) (153) 28Ìý (5,020)
Selling, general and administrative expenses (126) (7) â€�Ìý (133)
Net periodic benefit credits other than service cost component 57Ìý â€�Ìý â€�Ìý 57Ìý
Excluding depreciation, depletion and amortization 274Ìý 8Ìý â€�Ìý 282Ìý
Other segment items1
11Ìý â€�Ìý â€�Ìý 11Ìý
Total Adjusted EBITDA $ (184) $ 10Ìý $ â€�Ìý $ (174)
Interest expense, net (140)
Income tax benefit 147Ìý
Depreciation, depletion and amortization (282)
EBITDA from noncontrolling interests2
18Ìý
Weirton indefinite idle (3)
Idled facilities employment charges (41)
Changes in fair value of derivatives, net (9)
Amortization of inventory step-up 7Ìý
Other, net (6)
Net loss $ (483)
Capital Additions $ 123Ìý $ 6Ìý $ â€�Ìý $ 129Ìý
1 Other segment items primarily consists of the exclusion of EBITDA of noncontrolling interests and idled facilities employment charges from Adjusted EBITDA and the inclusion of items within Miscellaneous � net and Other non-operating income (loss).
2 EBITDA of noncontrolling interests includes net income attributable to noncontrolling interests of $12 million and the exclusion of depreciation, depletion, and amortization of $6 million.
Three Months Ended March 31, 2024
(In millions) AGÕæÈËƽ̨AGÕæÈËÊÔÍæmaking Other Businesses Eliminations Total
Revenues $ 5,053Ìý $ 172Ìý $ (26) $ 5,199Ìý
Cost of goods sold (4,785) (157) 28Ìý (4,914)
Selling, general and administrative expenses (125) (7) —� (132)
Net periodic benefit credits other than service cost component 60Ìý —Ì� —Ì� 60Ìý
Excluding depreciation, depletion and amortization 222Ìý 8Ìý —Ì� 230Ìý
Other segment items1
(30) 1Ìý â€�Ìý (29)
Total Adjusted EBITDA $ 395Ìý $ 17Ìý $ 2Ìý $ 414Ìý
Interest expense, net (64)
Income tax benefit 8Ìý
Depreciation, depletion and amortization (230)
EBITDA from noncontrolling interests2
21Ìý
Weirton indefinite idle (177)
Loss on extinguishment of debt (21)
Other, net (4)
Net loss $ (53)
Capital Additions $ 156Ìý $ 1Ìý $ —Ì� $ 157Ìý
1 Other segment items primarily consists of the exclusion of EBITDA of noncontrolling interests from Adjusted EBITDA and the inclusion of items within Miscellaneous � net and Other non-operating income (loss).
2 EBITDA of noncontrolling interests includes net income attributable to noncontrolling interests of $14 million and the exclusion of depreciation, depletion, and amortization of $7 million.
Reconciliation of Assets from Segment to Consolidated
The following summarizes our assets by segment:
(In millions) March 31,
2025		 December 31,
2024
Assets:
AGÕæÈËƽ̨AGÕæÈËÊÔÍæmaking $ 20,200Ìý $ 20,327Ìý
Other Businesses 636Ìý 620Ìý
Total segment assets $ 20,836Ìý $ 20,947Ìý