Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

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GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following is a summary of Goodwill by segment:
(In Millions)
June 30,
2021		 December 31,
2020
Steelmaking $ 896  $ 1,232 
Other Businesses 174  174 
Total goodwill $ 1,070  $ 1,406 
The decrease of $336 million in the balance of Goodwill in our Steelmaking segment as of June 30, 2021, compared to December 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)
June 30, 2021
December 31, 2020
Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount
Intangible assets1:
Customer relationships $ 77  $ (6) $ 71  $ 77  $ (3) $ 74 
Developed technology 60  (5) 55  60  (3) 57 
Trade names and trademarks 11  (1) 10  11  (1) 10 
Mining permits 72  (25) 47  72  (25) 47 
Total intangible assets $ 220  $ (37) $ 183  $ 220  $ (32) $ 188 
Intangible liabilities2:
Above-market supply contracts $ (71) $ 10  $ (61) $ (71) $ 7  $ (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.