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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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