FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value of Derivative Asset (Details) - Commodity Option $ in Millions |
12 Months Ended |
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Dec. 31, 2024
USD ($)
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| Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | |
| Beginning balance as of January 1 | $ 0 |
| Fair value of option acquired in connection with Stelco Acquisition | 110 |
| Total losses included in earnings | (12) |
| Foreign currency translation | (3) |
| Ending balance as of December 31 | $ 95 |
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- Definition Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Foreign Currency Translation No definition available.
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- Definition Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs, Business Combination No definition available.
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Amount of gain (loss) recognized in income from derivative asset (liability) after deduction of derivative liability (asset), measured at fair value on recurring basis using unobservable input (level 3). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value of financial instrument classified as derivative asset (liability) after deduction of derivative liability (asset), measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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