Annual report pursuant to Section 13 and 15(d)

REVENUES (Tables)

v3.22.0.1
REVENUES (Tables)
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Summary of Revenue by market and product line
The following table represents our Revenues by market:
(In Millions)
Year Ended December 31,
2021 2020 2019
Steelmaking:
Automotive $ 4,726  $ 2,062  $ — 
Infrastructure and manufacturing 5,380  784  — 
Distributors and converters 7,671  696  — 
Steel producers
 2,124 1,423  1,990 
Total Steelmaking 19,901  4,965  1,990 
Other Businesses:
Automotive 426  329  — 
Infrastructure and manufacturing 47  34  — 
Distributors and converters 70  26  — 
Total Other Businesses 543  389  — 
Total revenues $ 20,444  $ 5,354  $ 1,990 
The following table represents our Revenues by product line:
(Dollars In Millions, Sales Volumes in Thousands)
Year Ended December 31,
2021 2020 2019
Revenue
Volume1
Revenue
Volume1
Revenue
Volume1
Steelmaking:
Hot-rolled steel $ 5,615  4,886  $ 386  633  $ —  — 
Cold-rolled steel 3,186  2,790  490  682  —  — 
Coated steel 5,864  5,056  1,747  1,911  —  — 
Stainless and electrical steel 1,622  674  868  416  —  — 
Plate 1,316  1,020  46  62  —  — 
Other steel products 1,247  1,460  46  79  —  — 
Other 1,051  N/A 1,382  N/A 1,990  N/A
Total steelmaking 19,901  4,965  1,990 
Other Businesses:
Other 543  N/A 389  N/A —  N/A
Total revenues $ 20,444  $ 5,354  $ 1,990 
1 All product volumes are stated in net tons.
Summary of Deferred Revenue
The table below summarizes our deferred revenue balances:
(In Millions)
Deferred Revenue (Current) Deferred Revenue (Long-Term)
2021 2020 2021 2020
Opening balance as of January 1 $ 7  $ 22  $ —  $ 26 
Net increase (decrease) 18  (15) —  (26)
Closing balance as of December 31 $ 25  $ 7  $ —  $ —