ÐÇ¿Õ´«Ã½

Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES

v3.8.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES
NOTE 12 - GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The carrying amount of goodwill for the years endedÌýDecemberÌý31, 2017ÌýandÌý2016ÌýwasÌý$2.0 millionÌýand related to our U.S. Iron Ore operating segment.
Other Intangible Assets
Following is a summary of the definite-lived intangible assets as of DecemberÌý31, 2017 and 2016:
Ìý
Ìý
Ìý
(In Millions)
Ìý
Ìý
Ìý
December 31, 2017
Ìý
December 31, 2016
Ìý
Classification
Ìý
Gross
Carrying
Amount
Ìý
Accumulated
Amortization
Ìý
Net
Carrying
Amount
Ìý
Gross
Carrying
Amount
Ìý
Accumulated
Amortization
Ìý
Net
Carrying
Amount
Permits
Other non-current assets
Ìý
$
78.8

Ìý
$
(26.5
)
Ìý
$
52.3

Ìý
$
78.4

Ìý
$
(24.6
)
Ìý
$
53.8


Amortization expense relating to other intangible assets was $2.1 million, $4.8 million and $4.2 million for the years ended DecemberÌý31, 2017, 2016 and 2015, respectively, and is recognized in Cost of goods sold and operating expenses in the Statements of Consolidated Operations. Amortization expense of other intangible assets is expected to continue to be immaterial going forward.