Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

United States Steel Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	3,504)	2,522)	1,985)	749)	1,000)
Receivables, less allowance	1,485)	1,968)	914)	956)	1,435)
Receivables from related parties	150)	121)	80)	221)	224)
Receivables, less allowance	1,635)	2,089)	994)	1,177)	1,659)
Inventories	2,359)	2,210)	1,402)	1,785)	2,092)
Other current assets	368)	331)	51)	102)	79)
Current assets	7,866)	7,152)	4,432)	3,813)	4,830)
Long-term restricted cash	31)	76)	130)	188)	37)
Equity method investments	810)	660)	1,140)	1,272)	485)
Receivables due after one year, less allowance	22)	31)	34)	191)	24)
Other	8)	3)	3)	3)	4)
Investments and long-term receivables, less allowance	840)	694)	1,177)	1,466)	513)
Operating lease assets	146)	185)	214)	230)	—)
Property, plant and equipment, net	8,492)	7,254)	5,444)	5,447)	4,865)
Intangibles, net	478)	519)	129)	150)	158)
Deferred income tax benefits	10)	32)	22)	19)	445)
Goodwill	920)	920)	4)	—)	—)
Other noncurrent assets	675)	984)	507)	295)	134)
Noncurrent assets	11,592)	10,664)	7,627)	7,795)	6,152)
Total assets	19,458)	17,816)	12,059)	11,608)	10,982)

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).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	United States Steel Corp. current assets 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.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	United States Steel Corp. noncurrent assets increased from 2020 to 2021 and from 2021 to 2022.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	United States Steel Corp. total assets increased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	United States Steel Corp. cash and cash equivalents increased from 2020 to 2021 and from 2021 to 2022.
Receivables, less allowance	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	United States Steel Corp. receivables, less allowance increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Receivables, less allowance	The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.	United States Steel Corp. receivables, less allowance increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	United States Steel Corp. inventories increased from 2020 to 2021 and from 2021 to 2022.

United States Steel Corp. (NYSE:X)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items