GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Segment

The following is a summary of Goodwill by segment:

	December 31,
(In millions)	2023		2022
Steelmaking	$	956	$	956
Other Businesses	49		174
Total goodwill	$	1,005	$	1,130

Summary of Intangible Assets and Liabilities

The following is a summary of our intangible assets and liabilities:

	December 31, 2023						December 31, 2022
(In millions)	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Intangible assets1:
Customer relationships	$	90	$	(18)	$	72	$	90	$	(13)	$	77
Developed technology	60		(14)		46		60		(10)		50
Trade names and trademarks	18		(5)		13		18		(4)		14
Mining permits	72		(28)		44		72		(27)		45
Supplier relationships	29		(3)		26		29		(1)		28
Total intangible assets	$	269	$	(68)	$	201	$	269	$	(55)	$	214
Intangible liabilities2:
Above-market supply contracts	$	(71)	$	24	$	(47)	$	(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.