v3.26.1
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jul. 04, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Change in Net Carrying Amount of Goodwill by Segment

The change in the net carrying amount of goodwill for the six months ended July 4, 2026 by segment was as follows (in millions):

 

 

 

Steel Mills

 

 

Steel Products

 

 

Raw Materials

 

 

Total

 

Balance at December 31, 2025

 

$

675

 

 

$

2,825

 

 

$

797

 

 

$

4,297

 

Translation

 

 

-

 

 

 

(8

)

 

 

-

 

 

 

(8

)

Balance at July 4, 2026

 

$

675

 

 

$

2,817

 

 

$

797

 

 

$

4,289

 

Schedule of Intangible Assets

Intangible assets with estimated useful lives of five to 25 years are amortized on a straight-line or accelerated basis and consisted of the following as of July 4, 2026 and December 31, 2025 (in millions):

 

 

 

July 4, 2026

 

 

December 31, 2025

 

 

 

Gross Amount

 

 

Accumulated
Amortization

 

 

Gross Amount

 

 

Accumulated
Amortization

 

Customer relationships

 

$

4,382

 

 

$

1,787

 

 

$

4,444

 

 

$

1,737

 

Trademarks and trade names

 

 

373

 

 

 

217

 

 

 

374

 

 

 

207

 

Other

 

 

136

 

 

 

133

 

 

 

142

 

 

 

136

 

 

 

$

4,891

 

 

$

2,137

 

 

$

4,960

 

 

$

2,080