Quarterly report [Sections 13 or 15(d)]

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

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GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The following table summarizes the changes in Goodwill by segment:
(In millions) Steelmaking Other Businesses Total
Beginning balance January 1, 2026 $ 1,765  $ 49  $ 1,814 
Foreign currency translation (32) —  (32)
Ending balance September 30, 2026 $ 1,733  $ 49  $ 1,782 
Schedule of Intangible Assets and Liabilities
The following is a summary of our intangible assets and liabilities:
September 30, 2026
December 31, 2025
(In millions) Gross Amount Accumulated Amortization Net Amount Gross Amount Accumulated Amortization Net Amount
Intangible assets1:
Customer relationships $ 1,024  $ (152) $ 872  $ 1,058  $ (104) $ 954 
Developed technology 60  (24) 36  60  (21) 39 
Trade names and trademarks 88  (18) 70  91  (14) 77 
Mining permits 72  (30) 42  72  (30) 42 
Supplier relationships 29  (8) 21  29  (6) 23 
Total intangible assets $ 1,273  $ (232) $ 1,041  $ 1,310  $ (175) $ 1,135 
Intangible liabilities2:
Above-market supply contracts $ (71) $ 39  $ (32) $ (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.