1. Phase 1: Glucose is prepared for the next 2 phases by the addition of 2 phosphate groups, producing fructose 1,6-bisphosphate
2. Phase 2: Fructose 1,6-bisphosphate is cleaved into 2 molecules of glyceraldehyde 3-phosphate
3. Phase 3: 2 pyruvate are formed, 2 NADH are produced and 4 ATP are produced via substrate-level phosphorylation