v3.10.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net earnings $ 232 $ 81
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation, depletion and amortization 258 258
Gain associated with retained interest in U. S. Steel Canada Inc. (Note 23) 0 (72)
Restructuring and other charges (Note 21) 0 32
Loss on debt extinguishment (Note 9) 74 1
Provision for doubtful accounts (1) (1)
Pensions and other postretirement benefits 37 31
Deferred income taxes (Note 11) (1) 2
Net gain on disposal of assets (16) (1)
Equity investee earnings, net of distributions received (19) (16)
Changes in:    
Current receivables (294) (172)
Inventories (123) (125)
Current accounts payable and accrued expenses 175 98
Income taxes receivable/payable (3) 20
Bank checks outstanding 8 7
All other, net (36) 98
Net cash provided by operating activities 293 243
Investing activities:    
Capital expenditures (381) (120)
Disposal of assets 1 0
Investments, net (1) 0
Net cash used in investing activities (381) (120)
Financing activities:    
Issuance of long-term debt, net of financing costs (Note 15) 640 0
Repayment of long-term debt (Note 15) (874) (108)
Dividends paid (18) (18)
Receipt from exercise of stock options 33 13
Taxes paid for equity compensation plans (Note 10) (8) (10)
Net cash used in financing activities (227) (123)
Effect of exchange rate changes on cash (10) 10
Net (decrease) increase in cash, cash equivalents and restricted cash (325) 10
Cash, cash equivalents and restricted cash at beginning of year (Note 6) 1,597 1,555
Cash, cash equivalents and restricted cash at end of period (Note 6) $ 1,272 $ 1,565