AG真人平台AG真人试玩

Quarterly report pursuant to Section 13 or 15(d)

REVENUES

v3.24.2
REVENUES
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract] 听
REVENUES
NOTE 3 - 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.
The following table represents our Revenues by market:
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2024 2023 2024 2023
AG真人平台AG真人试玩making:
Direct automotive $ 1,460听 $ 1,980听 $ 3,077听 $ 3,850听
Infrastructure and manufacturing 1,421听 1,591听 2,813听 2,888听
Distributors and converters 1,402听 1,441听 2,814听 2,699听
AG真人平台AG真人试玩 producers
 632听 796听 1,238听 1,497听
Total AG真人平台AG真人试玩making 4,915听 5,808听 9,942听 10,934听
Other Businesses:
Direct automotive 148听 143听 288听 282听
Infrastructure and manufacturing 10听 10听 20听 20听
Distributors and converters 19听 23听 41听 43听
Total Other Businesses 177听 176听 349听 345听
Total revenues $ 5,092听 $ 5,984听 $ 10,291听 $ 11,279听
The following tables represent our Revenues by product line:
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions) 2024 2023 2024 2023
AG真人平台AG真人试玩making:
Hot-rolled steel $ 1,115听 $ 1,357听 $ 2,243听 $ 2,478听
Cold-rolled steel 711听 748听 1,460听 1,387听
Coated steel 1,546听 1,789听 3,169听 3,406听
Stainless and electrical steel 480听 615听 941听 1,189听
Plate 317听 399听 650听 730听
Slab and other steel products 318听 366听 653听 693听
Other 428听 534听 826听 1,051听
Total AG真人平台AG真人试玩making 4,915听 5,808听 9,942听 10,934听
Other Businesses:
Other 177听 176听 349听 345听
Total revenues $ 5,092听 $ 5,984听 $ 10,291听 $ 11,279听