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, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following is a summary of Goodwill by segment:
(In millions) June 30,
2024		 December 31,
2023
Steelmaking $ 956  $ 956 
Other Businesses 49  49 
Total goodwill $ 1,005  $ 1,005 
Schedule of Intangible Assets and Liabilities
The following is a summary of our intangible assets and liabilities:
June 30, 2024
December 31, 2023
(In millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount
Intangible assets1:
Customer relationships $ 90  $ (21) $ 69  $ 90  $ (18) $ 72 
Developed technology 60  (16) 44  60  (14) 46 
Trade names and trademarks 18  (6) 12  18  (5) 13 
Mining permits 72  (28) 44  72  (28) 44 
Supplier relationships 29  (4) 25  29  (3) 26 
Total intangible assets $ 269  $ (75) $ 194  $ 269  $ (68) $ 201 
Intangible liabilities2:
Above-market supply contracts $ (71) $ 27  $ (44) $ (71) $ 24  $ (47)
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.