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GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES
9 Months Ended
Sep. 30, 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)September 30,
2023
December 31,
2022
Steelmaking$956 $956 
Other Businesses174 174 
Total goodwill$1,130 $1,130 
INTANGIBLE ASSETS AND LIABILITIES
The following is a summary of our intangible assets and liabilities:
September 30, 2023
December 31, 2022
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Intangible assets1:
Customer relationships$90 $(17)$73 $90 $(13)$77 
Developed technology60 (13)47 60 (10)50 
Trade names and trademarks18 (5)13 18 (4)14 
Mining permits72 (28)44 72 (27)45 
Supplier relationships29 (2)27 29 (1)28 
Total intangible assets$269 $(65)$204 $269 $(55)$214 
Intangible liabilities2:
Above-market supply contracts$(71)$23 $(48)$(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 $3 million for both the three months ended September 30, 2023 and 2022, and $10 million for both the nine months ended September 30, 2023 and 2022. Estimated future amortization expense is $3 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 September 30, 2023 and 2022, and $4 million for both the nine months ended September 30, 2023 and 2022. Estimated future income from amortization is $1 million for the remainder of 2023 and $5 million annually for the years 2024 through 2028.