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Annual report pursuant to Section 13 and 15(d)

REVENUES (Tables)

v3.20.4
REVENUES (Tables)
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract] Ìý
Revenues from Product Sales and Services [Table Text Block]
The following table represents our Revenues by market:
(In Millions)
Year Ended December 31,
2020 2019 2018
Steelmaking:
Automotive $ 2,062Ìý $ —Ìý $ —Ìý
Infrastructure and manufacturing 784Ìý —Ìý —Ìý
Distributors and converters 696Ìý —Ìý —Ìý
Steel producers1
1,423 1,990Ìý 2,332Ìý
Total steelmaking 4,965Ìý 1,990Ìý 2,332Ìý
Other Businesses:
Automotive 329Ìý —Ìý —Ìý
Infrastructure and manufacturing 34Ìý —Ìý —Ìý
Distributors and converters 26Ìý —Ìý —Ìý
Total Other Businesses 389Ìý —Ìý —Ìý
Total revenues $ 5,354Ìý $ 1,990Ìý $ 2,332Ìý
1 Includes Realization of deferred revenue of $35 million for the year ended DecemberÌý31, 2020.
The following table represents our consolidated Revenues by product line:
(Dollars In Millions, Sales Volumes in Thousands)
Year Ended December 31,
2020 2019 2018
Revenue
Volume1
Revenue
Volume1
Revenue
Volume1
Steelmaking:
Hot-rolled steel $ 386Ìý 633Ìý $ —Ìý —Ìý $ —Ìý —Ìý
Cold-rolled steel 490Ìý 682Ìý —Ìý —Ìý —Ìý —Ìý
Coated steel 1,747Ìý 1,911Ìý —Ìý —Ìý —Ìý —Ìý
Stainless and electrical steel 868Ìý 416Ìý —Ìý —Ìý —Ìý —Ìý
Other steel products 92Ìý 141Ìý —Ìý —Ìý —Ìý —Ìý
Iron products2
1,335Ìý 11,707Ìý 1,990Ìý 18,583Ìý 2,332Ìý 20,563Ìý
Other 47Ìý N/A —Ìý —Ìý —Ìý —Ìý
Total steelmaking 4,965Ìý 1,990Ìý 2,332Ìý
Other Businesses:
Other 389Ìý N/A —Ìý N/A —Ìý N/A
Total revenues $ 5,354Ìý $ 1,990Ìý $ 2,332Ìý
1 Carbon steel products, stainless and electrical steel and plate steel volumes are stated in net tons. Iron product volumes are stated in long tons.
2 Includes Realization of deferred revenue of $35 million for the year ended DecemberÌý31, 2020.
Deferred Revenue [Table Text Block]
The table below summarizes our deferred revenue balances:
(In Millions)
Deferred Revenue (Current) Deferred Revenue (Long-Term)
2020 2019 2020 2019
Opening balance as of January 1 $ 22Ìý $ 21Ìý $ 26Ìý $ 39Ìý
Net increase (decrease) (15) 1Ìý (26) (13)
Closing balance as of December 31 $ 7Ìý $ 22Ìý $ —Ìý $ 26Ìý