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Goodwill and Other Intangible Assets (Notes)
12 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the fiscal years ended September 30, 2018 and 2017 were as follows (in millions):
 
September 30,
2016
 
Business
Acquisitions
 
Business
Divestitures
 
Currency Translation and Other
 
September 30,
2017
Building Technologies & Solutions
 
 
 
 
 
 
 
 
 
     Building Solutions North America
$
9,734

 
$
(147
)
 
$

 
$
50

 
$
9,637

     Building Solutions EMEA/LA
1,981

 
(37
)
 

 
68

 
2,012

     Building Solutions Asia Pacific
1,260

 
(14
)
 
(2
)
 
11

 
1,255

     Global Products
6,963

 
(58
)
 
(1,267
)
 
49

 
5,687

Power Solutions
1,086

 

 

 
11

 
1,097

Total
$
21,024

 
$
(256
)
 
$
(1,269
)
 
$
189

 
$
19,688

 
 
 
 
 
 
 
 
 
 
 
September 30, 2017
 
Business
Acquisitions
 
Business
Divestitures
 
Currency Translation and Other
 
September 30,
2018
Building Technologies & Solutions
 
 
 
 
 
 
 
 
 
     Building Solutions North America
$
9,637

 
$

 
$

 
$
(34
)
 
$
9,603

     Building Solutions EMEA/LA
2,012

 
1

 

 
(63
)
 
1,950

     Building Solutions Asia Pacific
1,255

 

 

 
(20
)
 
1,235

     Global Products
5,687

 
14

 
(35
)
 
(73
)
 
5,593

Power Solutions
1,097

 

 

 
(5
)
 
1,092

Total
$
19,688

 
$
15

 
$
(35
)
 
$
(195
)
 
$
19,473

 
 
 
 
 
 
 
 
 
 


The fiscal 2017 Global Products business divestiture amount includes $1,248 million of goodwill transferred to noncurrent assets held for sale on the consolidated statements of financial position for the sale of the Scott Safety business. Refer to Note 4, "Discontinued Operations," of the notes to consolidated financial statements for further information regarding the Company's assets and liabilities held for sale.

At September 30, 2016, accumulated goodwill impairment charges included $47 million related to the Building Solutions EMEA/LA - Latin America reporting unit.

There were no goodwill impairments resulting from fiscal 2018 and 2017 annual impairment tests. No reporting unit was determined to be at risk of failing step one of the goodwill impairment test. The Company continuously monitors for events and circumstances that could negatively impact the key assumptions in determining fair value, including long-term revenue growth projections, profitability, discount rates, recent market valuations from transactions by comparable companies, volatility in the Company's market capitalization, and general industry, market and macro-economic conditions. It is possible that future changes in such circumstances, or in the variables associated with the judgments, assumptions and estimates used in assessing the fair value of the reporting unit, would require the Company to record a non-cash impairment charge. 

The assumptions included in the impairment tests require judgment, and changes to these inputs could impact the results of the calculations. The primary assumptions used in the impairment tests were management's projections of future cash flows. Although the Company's cash flow forecasts are based on assumptions that are considered reasonable by management and consistent with the plans and estimates management is using to operate the underlying businesses, there are significant judgments in determining the expected future cash flows attributable to a reporting unit.

The Company’s other intangible assets, primarily from business acquisitions valued based on independent appraisals, consisted of (in millions):
 
September 30, 2018
 
September 30, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Amortized intangible assets
 
 
 
 
 
 
 
 
 
 
 
Technology
$
1,334

 
$
(266
)
 
$
1,068

 
$
1,328

 
$
(137
)
 
$
1,191

Customer relationships
3,078

 
(664
)
 
2,414

 
3,168

 
(486
)
 
2,682

Miscellaneous
496

 
(200
)
 
296

 
389

 
(147
)
 
242

Total amortized intangible assets
4,908

 
(1,130
)
 
3,778

 
4,885

 
(770
)
 
4,115

Unamortized intangible assets
 
 
 
 
 
 
 
 
 
 
 
Trademarks/tradenames
2,448

 

 
2,448

 
2,483

 

 
2,483

Miscellaneous
122

 

 
122

 
143

 

 
143

 
2,570

 

 
2,570

 
2,626

 

 
2,626

Total intangible assets
$
7,478

 
$
(1,130
)
 
$
6,348

 
$
7,511

 
$
(770
)
 
$
6,741



Refer to Note 2, "Merger Transaction," of the notes to consolidated financial statements for additional information of intangibles recorded as a result of the Tyco Merger.

Amortization of other intangible assets included within continuing operations for the fiscal years ended September 30, 2018, 2017 and 2016 was $384 million, $489 million and $116 million, respectively. Excluding the impact of any future acquisitions, the Company anticipates amortization for fiscal 2019, 2020, 2021, 2022 and 2023 will be approximately $406 million, $394 million, $391 million, $378 million and $364 million, respectively. There were no indefinite-lived intangible asset impairments resulting from fiscal 2018, 2017 and 2016 annual impairment tests.