v3.26.1
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the changes in Goodwill by segment:
(In millions)SteelmakingOther BusinessesTotal
Beginning balance January 1, 2026$1,765 $49 $1,814 
Foreign currency translation(30)— (30)
Ending balance June 30, 2026$1,735 $49 $1,784 
Schedule of Intangible Assets and Liabilities
The following is a summary of our intangible assets and liabilities:
June 30, 2026
December 31, 2025
(In millions)Gross AmountAccumulated AmortizationNet AmountGross AmountAccumulated AmortizationNet Amount
Intangible assets1:
Customer relationships$1,027 $(136)$891 $1,058 $(104)$954 
Developed technology60 (23)37 60 (21)39 
Trade names and trademarks88 (17)71 91 (14)77 
Mining permits72 (30)42 72 (30)42 
Supplier relationships29 (7)22 29 (6)23 
Total intangible assets$1,276 $(213)$1,063 $1,310 $(175)$1,135 
Intangible liabilities2:
Above-market supply contracts$(71)$38 $(33)$(71)$35 $(36)
1 Amortization related to mining permits and supplier relationships 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.