Stock Analysis on Net
Stock Analysis on Net

United States Steel Corp. (NYSE:X)

This company has been moved to the archive! The financial data has not been updated since July 28, 2023.

Analysis of Property, Plant and Equipment

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Property, Plant and Equipment Disclosure

United States Steel Corp., balance sheet: property, plant and equipment

US$ in millions

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Land and depletable property 210 213 237 202 207
Buildings 1,530 1,558 1,154 1,105 1,098
Steel producing 15,900 15,968 14,417 13,658 12,784
Transportation — — 282 280 268
Other 95 94 92 129 123
Machinery and equipment 15,995 16,062 14,791 14,067 13,175
Information technology 805 798 796 787 786
Assets under finance lease 212 160 113 83 36
Construction in process 2,470 885 613 833 706
Property, plant and equipment, less accumulated depreciation and depletion 21,222 19,676 17,704 17,077 16,008
Accumulated depreciation and depletion (12,730) (12,422) (12,260) (11,630) (11,143)
Property, plant and equipment, net 8,492 7,254 5,444 5,447 4,865

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Item Description The company
Property, plant and equipment, less accumulated depreciation and depletion Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. United States Steel Corp. property, plant and equipment, less accumulated depreciation and depletion increased from 2020 to 2021 and from 2021 to 2022.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. United States Steel Corp. property, plant and equipment, net increased from 2020 to 2021 and from 2021 to 2022.

Asset Age Ratios (Summary)

United States Steel Corp., asset age ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Average age ratio 59.98% 63.13% 69.25% 68.10% 69.61%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. United States Steel Corp. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.

Average Age

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Accumulated depreciation and depletion 12,730 12,422 12,260 11,630 11,143
Property, plant and equipment, less accumulated depreciation and depletion 21,222 19,676 17,704 17,077 16,008
Asset Age Ratio
Average age1 59.98% 63.13% 69.25% 68.10% 69.61%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

2022 Calculations

1 Average age = 100 × Accumulated depreciation and depletion ÷ Property, plant and equipment, less accumulated depreciation and depletion
= 100 × 12,730 ÷ 21,222 = 59.98%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. United States Steel Corp. average age ratio of depreciable property, plant and equipment improved from 2020 to 2021 and from 2021 to 2022.