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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 7) $ 2,221 $ 2,948
Inventories (Note 8) 2,157 2,128
Other current assets 321 319
Total current assets 6,421 6,943
Long-term restricted cash (Note 7) 32 32
Operating lease assets 99 109
Property, plant and equipment 24,557 23,975
Less accumulated depreciation and depletion 13,750 13,582
Total property, plant and equipment, net 10,807 10,393
Investments and long-term receivables, less allowance of $3 in both periods 785 761
Intangibles, net (Note 9) 431 436
Deferred income tax benefits (Note 12) 12 19
Goodwill (Note 9) 920 920
Other noncurrent assets 941 838
Total assets 20,448 20,451 CloseClose
Current liabilities:    
Payroll and benefits payable 322 442
Accrued taxes 223 222
Accrued interest 55 70
Current operating lease liabilities 41 44
Short-term debt and current maturities of long-term debt (Note 15) 159 142
Total current liabilities 3,748 3,948
Noncurrent operating lease liabilities 65 73
Long-term debt, less unamortized discount and debt issuance costs (Note 15) 4,082 4,080
Employee benefits 116 126
Deferred income tax liabilities (Note 12) 629 587
Deferred credits and other noncurrent liabilities 516 497
Total liabilities 9,156 9,311 CloseClose
Contingencies and commitments (Note 21)
Stockholders’ Equity (Note 17):    
Common stock (287,604,696 and 285,959,739 shares issued) (Note 13) 288 286
Treasury stock, at cost (62,771,459 shares and 62,288,523 shares) (1,441) (1,418)
Additional paid-in capital 5,266 5,253
Retained earnings 7,040 6,880
Accumulated other comprehensive income (Note 18) 46 46
Total United States Steel Corporation stockholders’ equity 11,199 11,047 CloseClose
Noncontrolling interests 93 93
Total liabilities and stockholders’ equity 20,448 20,451
Nonrelated Party    
Current assets:    
Receivables, less allowance of $39 and $38 1,530 1,390
Current liabilities:    
Accounts payable and other accrued liabilities 2,749 2,889
Related Party    
Current assets:    
Receivables, less allowance of $39 and $38 192 158
Current liabilities:    
Accounts payable and other accrued liabilities $ 199 $ 139