Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)

v3.20.2
GOODWILL AND INTANGIBLE ASSETS AND LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill [Table Text Block]
The following is a summary of our intangible assets and liabilities:
(In Millions)
Classification1
Gross Amount Accumulated Amortization Net Amount
As of September 30, 2020
Intangible assets:
Customer relationships Intangible assets, net $ 77.0  $ (2.6) $ 74.4 
Developed technology Intangible assets, net 60.0  (2.1) 57.9 
Trade names and trademarks Intangible assets, net 11.0  (0.7) 10.3 
Mining permits Intangible assets, net 72.2  (24.7) 47.5 
Total intangible assets $ 220.2  $ (30.1) $ 190.1 
Intangible liabilities:
Above-market supply contracts Intangible liabilities, net $ (70.5) $ 4.6  $ (65.9)
As of December 31, 2019
Intangible assets:
Mining permits Intangible assets, net $ 72.2  $ (24.1) $ 48.1 
1 Amortization of intangible liabilities related to above-market supply contracts and intangible assets 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.
Finite-lived Intangible Assets Amortization Expense [Table Text Block] Estimated future amortization expense related to intangible assets at September 30, 2020 is as follows:
(In Millions)
Years ending December 31,
2020 (remaining period of the year) $ 2.5 
2021 10.0 
2022 10.0 
2023 10.0 
2024 10.0 
2025 10.0 
Schedule of Finite-Lived Intangible Liabilities, Future Amortization Credit [Table Text Block] Estimated future amortization income related to the intangible liabilities at September 30, 2020 is as follows:
(In Millions)
Years ending December 31,
2020 (remaining period of the year) $ 2.0 
2021 7.8 
2022 7.8 
2023 7.8 
2024 7.8 
2025 7.8