日韩三级片

Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES

v3.23.1
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] 听
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听 $ 956听
Other Businesses 174听 174听
Total goodwill $ 1,130听 $ 1,130听
INTANGIBLE ASSETS AND LIABILITIES
The following is a summary of our intangible assets and liabilities:
March听31, 2023
December听31, 2022
(In millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount
Intangible assets1:
Customer relationships $ 90听 $ (15) $ 75听 $ 90听 $ (13) $ 77听
Developed technology 60听 (11) 49听 60听 (10) 50听
Trade names and trademarks 18听 (4) 14听 18听 (4) 14听
Mining permits 72听 (27) 45听 72听 (27) 45听
Supplier relationships 29听 (2) 27听 29听 (1) 28听
Total intangible assets $ 269听 $ (59) $ 210听 $ 269听 $ (55) $ 214听
Intangible liabilities2:
Above-market supply contracts $ (71) $ 20听 $ (51) $ (71) $ 19听 $ (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听million for both the three months ended March听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听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.