星空传媒 Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

听

Schedule of Goodwill

The following is a summary of Goodwill by segment:


	(In Millions)
	September 30, 2021		December 31, 2020
Steelmaking	$	898听	$	1,232听
Other Businesses	174听		174听
Total goodwill	$	1,072听	$	1,406听

The decrease of $334 million in the balance of Goodwill in our Steelmaking segment as of September听30, 2021, compared to December听31, 2020, is due to the change in estimated identified goodwill as a result of measurement period adjustments to the preliminary purchase price allocation for the acquisition of ArcelorMittal USA. Refer to NOTE 3 - ACQUISITIONS for further details.

Schedule of Intangible Assets and Goodwill

The following is a summary of our intangible assets and liabilities:


	(In Millions)
	September听30, 2021						December听31, 2020
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Intangible assets1:
Customer relationships	$	77听	$	(7)	$	70听	$	77听	$	(3)	$	74听
Developed technology	60听		(6)		54听		60听		(3)		57听
Trade names and trademarks	11听		(2)		9听		11听		(1)		10听
Mining permits	72听		(25)		47听		72听		(25)		47听
Total intangible assets	$	220听	$	(40)	$	180听	$	220听	$	(32)	$	188听
Intangible liabilities2:
Above-market supply contracts	$	(71)	$	12听	$	(59)	$	(71)	$	7听	$	(64)

1 Intangible assets are classified as Other non-current assets. Amortization related to mining permits is recognized in Cost of goods sold. Amortization of all other intangible assets is recognized in Selling, general and administrative expenses.
2 Intangible liabilities are classified as Other non-current liabilities. Amortization of all intangible liabilities is recognized in Cost of goods sold.