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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Goodwill by Business Segment | An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
| MP |  | AWP |  | Total
Balance at December 31, 2023, gross | $ | 218 |  |  | $ | 139 |  |  | $ | 357 |
Accumulated impairment | (23) |  |  | (39) |  |  | (62) |
Balance at December 31, 2023, net | 195 |  |  | 100 |  |  | 295 |
Foreign exchange effect and other | 6 |  |  | — |  |  | 6 |
Balance at September 30, 2024, gross | 224 |  |  | 139 |  |  | 363 |
Accumulated impairment | (23) |  |  | (39) |  |  | (62) |
Balance at September 30, 2024, net | $ | 201 |  |  | $ | 100 |  |  | $ | 301 |
Schedule of Intangible Assets by Class | Intangible assets, net were comprised of the following (in millions):
|  |  | September 30, 2024 |  | December 31, 2023
| Weighted Average Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | 8 |  | $ | 10 |  |  | $ | (10) |  |  | $ | — |  |  | $ | 10 |  |  | $ | (10) |  |  | $ | — |
Customer Relationships | 17 |  | 36 |  |  | (30) |  |  | 6 |  |  | 36 |  |  | (29) |  |  | 7 |
Land Use Rights | 79 |  | 4 |  |  | (1) |  |  | 3 |  |  | 4 |  |  | (1) |  |  | 3 |
Other | 9 |  | 30 |  |  | (25) |  |  | 5 |  |  | 30 |  |  | (24) |  |  | 6 |
Total definite-lived intangible assets |  |  | $ | 80 |  |  | $ | (66) |  |  | $ | 14 |  |  | $ | 80 |  |  | $ | (64) |  |  | $ | 16 |
Finite-lived Intangible Assets Amortization Expense |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Aggregate Amortization Expense | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 2 |
Schedule of Intangible Assets Amortization Expense | Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2024 | $ | 2 |
2025 | 2 |
2026 | 2 |
2027 | 2 |
2028 | 1 |

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