XML 37 R13.htm IDEA: XBRL DOCUMENT
v3.23.1

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES | 3 Months Ended
--- | ---
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES | NOTE 6 - GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES GOODWILL The following is a summary of Goodwill by segment:
(In millions) | March 31, 2023 |  | December 31, 2022
Steelmaking | $ | 956 |  |  | $ | 956 |
Other Businesses | 174 |  |  | 174 |
Total goodwill | $ | 1,130 |  |  | $ | 1,130 |
INTANGIBLE ASSETS AND LIABILITIES The following is a summary of our intangible assets and liabilities:
| March 31, 2023 |  | December 31, 2022
(In millions) | Gross Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Amount |  | Accumulated Amortization |  | Net Amount
Intangible assets 1: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 90 |  |  | $ | (15) |  |  | $ | 75 |  |  | $ | 90 |  |  | $ | (13) |  |  | $ | 77 |
Developed technology | 60 |  |  | (11) |  |  | 49 |  |  | 60 |  |  | (10) |  |  | 50 |
Trade names and trademarks | 18 |  |  | (4) |  |  | 14 |  |  | 18 |  |  | (4) |  |  | 14 |
Mining permits | 72 |  |  | (27) |  |  | 45 |  |  | 72 |  |  | (27) |  |  | 45 |
Supplier relationships | 29 |  |  | (2) |  |  | 27 |  |  | 29 |  |  | (1) |  |  | 28 |
Total intangible assets | $ | 269 |  |  | $ | (59) |  |  | $ | 210 |  |  | $ | 269 |  |  | $ | (55) |  |  | $ | 214 |
Intangible liabilities 2: |  |  |  |  |  |  |  |  |  |  |
Above-market supply contracts | $ | (71) |  |  | $ | 20 |  |  | $ | (51) |  |  | $ | (71) |  |  | $ | 19 |  |  | $ | (52) |
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.
Amortization expense related to intangible assets was $4 million for both the three months ended March 31, 2023 and 2022. Estimated future amortization expense is $9 million for the remainder of 2023 and $13 million annually for the years 2024 through 2028. Income from amortization related to the intangible liabilities was $1 million for both the three months ended March 31, 2023 and 2022. Estimated future income from amortization is $4 million for the remainder of 2023 and $5 million annually for the years 2024 through 2028.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration