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GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables) | 6 Months Ended
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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 assets 1: |  |  |  |  |  |  |  |  |  |  |
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 liabilities 2: |  |  |  |  |  |  |  |  |  |  |
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.

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