Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

v3.22.4
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following is a summary of Goodwill by segment:
December 31,
(In millions) 2022 2021
Steelmaking $ 956  $ 942 
Other Businesses 174  174 
Total goodwill $ 1,130  $ 1,116 
Summary of Intangible Assets and Liabilities
The following is a summary of our intangible assets and liabilities:
December 31, 2022 December 31, 2021
(In millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount
Intangible assets1:
Customer relationships $ 90  $ (13) $ 77  $ 95  $ (8) $ 87 
Developed technology 60  (10) 50  60  (6) 54 
Trade names and trademarks 18  (4) 14  18  (2) 16 
Mining permits 72  (27) 45  72  (26) 46 
Supplier relationships 29  (1) 28  18  —  18 
Total intangible assets $ 269  $ (55) $ 214  $ 263  $ (42) $ 221 
Intangible liabilities2:
Above-market supply contracts $ (71) $ 19  $ (52) $ (71) $ 14  $ (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.