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16	16	= Acquisitions and Disposition =
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18		-== Big River Steel Acquisition ==
	18	+== Big River Steel Acquisition ==
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20	20	On January 15, 2021, U. S. Steel purchased the remaining equity interest in Big River Steel for approximately $625 million in cash net of $36 million and $62 million in cash and restricted cash received, respectively, and the assumption of liabilities of approximately $50 million. There were acquisition related costs of approximately $9 million during the twelve months ended December31, 2021. Prior to the closing of the acquisition on January 15, 2021, U. S. Steel accounted for its 49.9% equity interest in Big River Steel under the equity method as control and risk of loss were shared among the joint venture members.
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24	24	On July 28, 2021, U. S. Steel completed the sale of 100 percent of its equity interests in its wholly-owned short-line railroad, Transtar, LLC (Transtar) to an affiliate of Fortress Transportation and Infrastructure Investors, LLC. The Company received net cash proceeds of $627 million, subject to certain customary adjustments as set forth in the Membership Interest Purchase Agreement, and recognized a pretax gain of approximately $506 million in 2021. In connection with the closing of the transaction, the Company entered into certain ancillary agreements including a railway services agreement, providing for continued rail services for its Gary and Mon Valley Works facilities, and a transition services agreement. Because Transtar does not represent a significant component of U. S. Steel's business and does not constitute a reportable business segment.
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26		-== USS-UPI, LLC (UPI) ==
	26	+== USS-UPI, LLC (UPI) ==
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28	28	On February 29, 2020, U. S. Steel purchased the remaining 50% ownership interest in USS-POSCO Industries, (now USS-UPI, LLC, (UPI)) for $3 million, net of cash received of $2 million. There was an assumption of accounts payable owed to U. S. Steel for prior sales of steel substrate of $135 million associated with the purchase that was reflected as a reduction in receivables from related parties on the Company's Consolidated Balance Sheet as of December 31, 2020.
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32	32	= Financial Analysis =
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34		-== Q4'22 Performance Analysis ==
	34	+== Q4'22 Performance Analysis ==
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43	43	Selling, general and administrative expenses were $426 million in 2021 and $277 million in 2020. The increase in 2021 from the prior year primarily resulted from the addition of Big River Steel with the purchase of its remaining equity interest and increased profit based payments. Depreciation, depletion and amortization expenses were $791 million in 2021 and $643 million in 2020. The increase in 2021 from the prior year is primarily due to the acquisition of Big River Steel. Earnings from investees was $170 million in 2021 versus loss from investees of $117 million in 2020.
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	45	+The company reported cash balance of $2,522 million on December 31, 2021, which was $1,985 million a year earlier. Total current assets reported for the years are $7,152 million, and $4,432 million, respectively. Property, plant and equipment on December 31, 2021 is $7,254 million, which was $5,444 million the previous year. Total assets reported is $17,816 million, and $12,059 million for the years, respectively. Current liabilities of the company on December 31, 2021 is $3,852 million, and $2,656 million a year earlier. Long-term debts of the company has decreased from $4,695 million to $3,863 million. U. S. Steel has 400,000,000 authorized share with par value of $1, and issued stocks are 279,522,227. Total shareholders equity has increased from $3,786 million to $9,010 million during the year.
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49	49	{{putFootnotes/}}