Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS - Preliminary purchase price allocation (Details)

v3.22.4
ACQUISITIONS - Preliminary purchase price allocation (Details) - USD ($)
$ in Millions
 13 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Nov. 18, 2021
Dec. 09, 2020
Mar. 13, 2020
Business Acquisition [Line Items]            
Goodwill $ 1,130 $ 1,116        
Measurement Period Adjustments, Other non-current liabilities     $ (72)      
Ferrous Processing and Trading            
Business Acquisition [Line Items]            
Cash and cash equivalents 9     $ 9    
Accounts receivable, net 235     233    
Inventories 135     137    
Other current assets 3     4    
Property, plant and equipment 191     179    
Other non-current assets 72     74    
Accounts payable (122)     (122)    
Accrued employment costs (8)     (8)    
Other current liabilities (6)     (9)    
Other non-current liabilities (21)     (21)    
Net identifiable assets acquired 488     476    
Goodwill 293     279    
Total net assets acquired 781     $ 755    
Measurement Period Adjustments, Cash and cash equivalents 0          
Measurement Period Adjustments, Accounts receivable, net (2)          
Measurement Period Adjustments, Inventories (2)          
Measurement Period Adjustments, Other current assets (1)          
Measurement Period Adjustments, Property, plant and equipment 12          
Measurement Period Adjustments, Other non-current assets (2)          
Measurement Period Adjustments, Accounts payable 0          
Measurement Period Adjustments, Accrued employment costs 0          
Measurement Period Adjustments, Other current liabilities 3          
Measurement Period Adjustments, Other non-current liabilities 0          
Measurement Period Adjustments, Net identifiable assets acquired 12          
Measurement Period Adjustments, Goodwill 14          
Measurement Period Adjustments, Total net assets acquired $ 26          
ArcelorMittal USA            
Business Acquisition [Line Items]            
Cash and cash equivalents   35     $ 35  
Accounts receivable, net   346     349  
Inventories   2,129     2,115  
Other current assets   36     34  
Property, plant and equipment   4,404     4,017  
Deferred income taxes   285     0  
Other non-current assets   165     158  
Accounts payable   (728)     (736)  
Accrued employment costs   (266)     (271)  
State and local taxes   (76)     (76)  
Other current liabilities   (430)     (453)  
Pension liability, non-current   (730)     (730)  
OPEB liability, non-current   (2,465)     (2,465)  
Other non-current liabilities   (769)     (598)  
Noncontrolling interest   (8)     (13)  
Net identifiable assets acquired   1,944     1,366  
Goodwill   660     1,230  
Total net assets acquired   2,604     $ 2,596  
Measurement Period Adjustments, Cash and cash equivalents   0        
Measurement Period Adjustments, Accounts receivable, net   (3)        
Measurement Period Adjustments, Inventories   14        
Measurement Period Adjustments, Other current assets   2        
Measurement Period Adjustments, Property, plant and equipment   387        
Measurement Period Adjustments, Deferred income taxes   285        
Measurement Period Adjustments, Other non-current assets   7        
Measurement Period Adjustments, Accounts payable   8        
Measurement Period Adjustments, Accrued employment costs   5        
Measurement Period Adjustments, State and local taxes   0        
Measurement Period Adjustments, Other current liabilities   23        
Measurement Period Adjustments, Pension liability, non-current   0        
Measurement Period Adjustments, OPEB liability, non-current   0        
Measurement Period Adjustments, Other non-current liabilities   (171)        
Measurement Period Adjustments, Noncontrolling interest   21        
Measurement Period Adjustments, Net identifiable assets acquired   578        
Measurement Period Adjustments, Goodwill   (570)        
Measurement Period Adjustments, Total net assets acquired   $ 8        
AK Steel            
Business Acquisition [Line Items]            
Cash and cash equivalents     39     $ 38
Accounts receivable, net     664     666
Inventories     1,320     1,563
Other current assets     52     68
Property, plant and equipment     2,274     2,184
Deferred income taxes     69     0
Other non-current assets     471     475
Accounts payable     (644)     (636)
Accrued employment costs     (93)     (94)
State and local taxes     (31)     (35)
Other current liabilities     (274)     (276)
Long-term debt     (1,179)     (1,179)
Pension liability, non-current     (463)     (473)
OPEB liability, non-current     (408)     (400)
Other non-current liabilities     (435)     (507)
Noncontrolling interest     (1)     0
Net identifiable assets acquired     1,361     1,394
Goodwill     174     141
Total net assets acquired     1,535     $ 1,535
Measurement Period Adjustments, Cash and cash equivalents     1      
Measurement Period Adjustments, Accounts receivable, net     (2)      
Measurement Period Adjustments, Inventories     243      
Measurement Period Adjustments, Other current assets     16      
Measurement Period Adjustments, Property, plant and equipment     90      
Measurement Period Adjustments, Deferred income taxes     69      
Measurement Period Adjustments, Other non-current assets     4      
Measurement Period Adjustments, Accounts payable     8      
Measurement Period Adjustments, Accrued employment costs     1      
Measurement Period Adjustments, State and local taxes     4      
Measurement Period Adjustments, Other current liabilities     2      
Measurement Period Adjustments, Long-term debt     0      
Measurement Period Adjustments, Pension liability, non-current     10      
Measurement Period Adjustments, OPEB liability, non-current     (8)      
Measurement Period Adjustments, Noncontrolling interest     1      
Measurement Period Adjustments, Net identifiable assets acquired     (33)      
Measurement Period Adjustments, Goodwill     33      
Measurement Period Adjustments, Total net assets acquired     $ 0