<ARTICLE> 5
<MULTIPLIER> 1,000,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1994
<PERIOD-END>                               DEC-31-1994
<CASH>                                              48
<SECURITIES>                                         0
<RECEIVABLES>                                    1,121
<ALLOWANCES>                                         9
<INVENTORY>                                      1,742
<CURRENT-ASSETS>                                 3,322
<PP&E>                                          25,586
<DEPRECIATION>                                  14,211
<TOTAL-ASSETS>                                  17,517
<CURRENT-LIABILITIES>                            2,852
<BONDS>                                          5,521
<COMMON>                                           372<F1>
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        112
<OTHER-SE>                                       3,818
<TOTAL-LIABILITY-AND-EQUITY>                    17,517
<SALES>                                         19,341
<TOTAL-REVENUES>                                19,341
<CGS>                                           18,259
<TOTAL-COSTS>                                   18,259
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 461
<INCOME-PRETAX>                                    685
<INCOME-TAX>                                       184
<INCOME-CONTINUING>                                501
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       501
<EPS-PRIMARY>                                        0<F2>
<EPS-DILUTED>                                        0<F3>
<FN>

<F1>Consists of Marathon Stock issued, $287; Steel Stock issued, $76; Delhi
Stock issued, $9.

<F2>Primary earnings (loss) per share applicable to Marathon Stock, $1.10;
Steel Stock, $2.35; Delhi Stock $(2.22).

<F3>Fully diluted earnings (loss) per share applicable to Marathon Stock,
$1.10; Steel Stock, $2.33; Delhi Stock, $(2.22).
</FN>