United States Steel Corporation
United States Steel Corporation
United States Steel Corporation
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Details of<br />
Selected Items (continued)<br />
Inventories<br />
Ore, limestone, coal and coke.<br />
Semi-finished products<br />
Non-ferrous metals<br />
Finished products .<br />
Supplies and sundry items<br />
Cost (less billings) of contracts in progress<br />
Total .<br />
The major portion of inventories is carried at cost as determined under the last-in,<br />
first-out method, and the remainder is carried at cost or market, whichever is lower.<br />
Long-term debt<br />
Description<br />
<strong>United</strong> <strong>States</strong> <strong>Steel</strong> <strong>Corporation</strong><br />
Sinking Fund Debentures (Callable)<br />
Serial Debentures (Callable) . . .<br />
Bessemer and Lake Erie Railroad Company<br />
Pittsburg, Bessemer and Lake Erie Railroad Company<br />
First Mortgage Series A (Callable). . . . . .<br />
Duluth, Missabe and Iron Range Railway Company<br />
First Mortgage Serial Bonds (Callable)<br />
Elgin, Joliet and Eastern Railway Company<br />
First Mortgage Series A (Callable) .<br />
Union Railroad Company<br />
First and Refunding Mortgage Series A (Callable) .<br />
Real estate mortgages and purchase money obligations<br />
Bonds covered by deposits with trustees<br />
Total long-term debt<br />
Less amount due within one year<br />
Long-term debt due after one year<br />
36<br />
Interest<br />
rates<br />
4<br />
Var.<br />
218<br />
2Vz<br />
31;4<br />
3<br />
Years of<br />
maturity<br />
1983<br />
1961-1964<br />
1996<br />
1961-1962<br />
1970<br />
1996<br />
Dec. 31,1960 Dec. 31, 1959<br />
$292,832,700 $222,067,124<br />
173,259,739 158,530,393<br />
23,085,211 25,617,557<br />
165,407,391 122,481,961<br />
51,411,176 52,690,288<br />
19,602,899 14,954,563<br />
$725,599,116 $596,341,886<br />
Outstanding Decrease<br />
Dec. 31, 1960 in year<br />
$300,000,000<br />
120,000,000 $30,000,000<br />
9,841,000 195,000<br />
2,400,000 1,200,000<br />
12,860,000 27,000<br />
6,579,000 114,000<br />
2,541,447 1,301,544<br />
210,000 3fJ,OOO<br />
454,431,447 32,805,544<br />
31,652,777 1,136,767<br />
$422,778,670 $31,668,777<br />
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