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Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Schedule of Goodwill by Segment
The following is a summary of Goodwill by segment:
(In Millions)
December 31,
2021 2020
Steelmaking $ 942Ìý $ 1,232Ìý
Other Businesses 174Ìý 174Ìý
Total goodwill $ 1,116Ìý $ 1,406Ìý
Summary of Intangible Assets and Liabilities
The following is a summary of our intangible assets and liabilities:
(In Millions)
December 31, 2021 December 31, 2020
Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount
Intangible assets1:
Customer relationships $ 95Ìý $ (8) $ 87Ìý $ 77Ìý $ (3) $ 74Ìý
Developed technology 60Ìý (6) 54Ìý 60Ìý (3) 57Ìý
Trade names and trademarks 18Ìý (2) 16Ìý 11Ìý (1) 10Ìý
Mining permits 72Ìý (26) 46Ìý 72Ìý (25) 47Ìý
Supplier relationships 18Ìý —Ìý 18Ìý —Ìý —Ìý —Ìý
Total intangible assets $ 263Ìý $ (42) $ 221Ìý $ 220Ìý $ (32) $ 188Ìý
Intangible liabilities2:
Above-market supply contracts $ (71) $ 14Ìý $ (57) $ (71) $ 7Ìý $ (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.