AGÕæÈËƽ̨AGÕæÈËÊÔÍæ

Annual report pursuant to Section 13 and 15(d)

REVENUES (Tables)

v3.20.4
REVENUES (Tables)
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract] Ìý
Revenues from Product Sales and Services [Table Text Block]
The following table represents our Revenues by market:
(In Millions)
Year Ended December 31,
2020 2019 2018
AGÕæÈËƽ̨AGÕæÈËÊÔÍæmaking:
Automotive $ 2,062Ìý $ —Ì� $ —Ì�
Infrastructure and manufacturing 784Ìý —Ì� —Ì�
Distributors and converters 696Ìý —Ì� —Ì�
AGÕæÈËƽ̨AGÕæÈËÊÔÍæ producers1
1,423 1,990Ìý 2,332Ìý
Total steelmaking 4,965Ìý 1,990Ìý 2,332Ìý
Other Businesses:
Automotive 329Ìý —Ì� —Ì�
Infrastructure and manufacturing 34Ìý —Ì� —Ì�
Distributors and converters 26Ìý —Ì� —Ì�
Total Other Businesses 389Ìý —Ì� —Ì�
Total revenues $ 5,354Ìý $ 1,990Ìý $ 2,332Ìý
1 Includes Realization of deferred revenue of $35 million for the year ended DecemberÌý31, 2020.
The following table represents our consolidated Revenues by product line:
(Dollars In Millions, Sales Volumes in Thousands)
Year Ended December 31,
2020 2019 2018
Revenue
Volume1
Revenue
Volume1
Revenue
Volume1
AGÕæÈËƽ̨AGÕæÈËÊÔÍæmaking:
Hot-rolled steel $ 386Ìý 633Ìý $ —Ì� —Ì� $ —Ì� —Ì�
Cold-rolled steel 490Ìý 682Ìý —Ì� —Ì� —Ì� —Ì�
Coated steel 1,747Ìý 1,911Ìý —Ì� —Ì� —Ì� —Ì�
Stainless and electrical steel 868Ìý 416Ìý —Ì� —Ì� —Ì� —Ì�
Other steel products 92Ìý 141Ìý —Ì� —Ì� —Ì� —Ì�
Iron products2
1,335Ìý 11,707Ìý 1,990Ìý 18,583Ìý 2,332Ìý 20,563Ìý
Other 47Ìý N/A —Ì� —Ì� —Ì� —Ì�
Total steelmaking 4,965Ìý 1,990Ìý 2,332Ìý
Other Businesses:
Other 389Ìý N/A —Ì� N/A —Ì� N/A
Total revenues $ 5,354Ìý $ 1,990Ìý $ 2,332Ìý
1 Carbon steel products, stainless and electrical steel and plate steel volumes are stated in net tons. Iron product volumes are stated in long tons.
2 Includes Realization of deferred revenue of $35 million for the year ended DecemberÌý31, 2020.
Deferred Revenue [Table Text Block]
The table below summarizes our deferred revenue balances:
(In Millions)
Deferred Revenue (Current) Deferred Revenue (Long-Term)
2020 2019 2020 2019
Opening balance as of January 1 $ 22Ìý $ 21Ìý $ 26Ìý $ 39Ìý
Net increase (decrease) (15) 1Ìý (26) (13)
Closing balance as of December 31 $ 7Ìý $ 22Ìý $ â€�Ìý $ 26Ìý