Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

v3.20.4
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following is a summary of goodwill by segment:
(In Millions)
December 31,
2020 2019
Steelmaking $ 1,232  $ 2 
Other Businesses 174  — 
Total goodwill $ 1,406  $ 2 
Schedule of Acquired Intangible Assets and Liabilities by Major Class
The following is a summary of our intangible assets and liabilities:
(In Millions)
Classification1
Gross Amount Accumulated Amortization Net Amount
As of December 31, 2020
Intangible assets:
Customer relationships Other non-current assets $ 77  $ (3) $ 74 
Technology Other non-current assets 60  (3) 57 
Trade names and trademarks Other non-current assets 11  (1) 10 
Mining permits Other non-current assets 72  (25) 47 
Total intangible assets $ 220  $ (32) $ 188 
Intangible liabilities:
Above-market supply contracts Other non-current liabilities $ (71) $ 7  $ (64)
As of December 31, 2019
Intangible assets:
Mining permits Other non-current assets $ 72  $ (24) $ 48 
1 Amortization of intangible liabilities related to above-market supply contracts and intangible assets 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.