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Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

v3.22.2
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Schedule of Goodwill
The following is a summary of Goodwill by segment:
(In Millions)
June 30,
2022
December 31,
2021
Steelmaking $ 975Ìý $ 942Ìý
Other Businesses 174Ìý 174Ìý
Total goodwill $ 1,149Ìý $ 1,116Ìý
Schedule of Intangible Assets and Liabilities
The following is a summary of our intangible assets and liabilities:
(In Millions)
JuneÌý30, 2022
DecemberÌý31, 2021
Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount
Intangible assets1:
Customer relationships $ 90Ìý $ (11) $ 79Ìý $ 95Ìý $ (8) $ 87Ìý
Developed technology 60Ìý (8) 52Ìý 60Ìý (6) 54Ìý
Trade names and trademarks 18Ìý (3) 15Ìý 18Ìý (2) 16Ìý
Mining permits 72Ìý (26) 46Ìý 72Ìý (26) 46Ìý
Supplier relationships 21Ìý (1) 20Ìý 18Ìý —Ìý 18Ìý
Total intangible assets $ 261Ìý $ (49) $ 212Ìý $ 263Ìý $ (42) $ 221Ìý
Intangible liabilities2:
Above-market supply contracts $ (71) $ 17Ìý $ (54) $ (71) $ 14Ìý $ (57)
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.