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CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 7) $ 1,773 $ 2,948
Inventories (Note 8) 2,039 2,128
Other current assets 305 319
Total current assets 5,766 6,943
Long-term restricted cash (Note 7) 32 32
Operating lease assets 82 109
Property, plant and equipment 25,856 23,975
Less accumulated depreciation and depletion 14,191 13,582
Total property, plant and equipment, net 11,665 10,393
Investments and long-term receivables, less allowance of $3 in both periods 830 761
Intangibles, net (Note 9) 421 436
Deferred income tax benefits (Note 12) 4 19
Goodwill (Note 9) 920 920
Other noncurrent assets 913 838
Total assets 20,633 20,451 CloseClose
Current liabilities:    
Payroll and benefits payable 321 442
Accrued taxes 130 222
Accrued interest 55 70
Current operating lease liabilities 38 44
Short-term debt and current maturities of long-term debt (Note 15) 163 142
Total current liabilities 3,452 3,948
Noncurrent operating lease liabilities 51 73
Long-term debt, less unamortized discount and debt issuance costs (Note 15) 4,068 4,080
Employee benefits 124 126
Deferred income tax liabilities (Note 12) 732 587
Deferred credits and other noncurrent liabilities 535 497
Total liabilities 8,962 9,311 CloseClose
Contingencies and commitments (Note 21)
Stockholders’ Equity (Note 17):    
Common stock (288,071,084 and 285,959,739 shares issued) (Note 13) 288 286
Treasury stock, at cost (62,905,123 shares and 62,288,523 shares) (1,447) (1,418)
Additional paid-in capital 5,291 5,253
Retained earnings 7,319 6,880
Accumulated other comprehensive income (Note 18) 127 46
Total United States Steel Corporation stockholders’ equity 11,578 11,047 CloseClose
Noncontrolling interests 93 93
Total liabilities and stockholders’ equity 20,633 20,451
Nonrelated Party    
Current assets:    
Receivables, less allowance of $40 and $38 1,465 1,390
Current liabilities:    
Accounts payable and other accrued liabilities 2,547 2,889
Related Party    
Current assets:    
Receivables, less allowance of $40 and $38 184 158
Current liabilities:    
Accounts payable and other accrued liabilities $ 198 $ 139