Goodwill and Other Intangible Assets (Notes)

3 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the three month period ended December 31, 2020 were as follows (in millions):


			Business Acquisitions		Business Divestitures		Currency Translation and Other
	September 30,								December 31,
	2020								2020

Building Solutions North America	$	9,160	$	—	$	—	$	36		$	9,196
Building Solutions EMEA/LA	1,967		—		—		104			2,071
Building Solutions Asia Pacific	1,226		—		(4)		68			1,290
Global Products	5,579		—		—		71			5,650
Total	$	17,932	$	—	$	(4)	$	279		$	18,207

At September 30, 2020, accumulated goodwill impairment charges included $424 million and $47 million related to the Building Solutions North America Retail and Building Solutions EMEA/LA - Latin America reporting units, respectively.

The Company reviews goodwill for impairment during the fourth fiscal quarter or more frequently if events or changes in

circumstances indicate the asset might be impaired. There were no triggering events requiring that an impairment assessment be conducted in the first quarter of fiscal 2021. However, it is possible that future changes in circumstances, including a more prolonged and/or severe COVID-19 pandemic, would require the Company to record additional non-cash impairment charges.

The Company’s other intangible assets, primarily from business acquisitions valued based on independent appraisals, consisted of (in millions):


	December 31, 2020						September 30, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Definite-lived intangible assets
Technology	$	1,354	$	(536)	$	818	$	1,332	$	(497)	$	835
Customer relationships	2,826		(1,040)		1,786		2,773		(969)		1,804
Miscellaneous	702		(293)		409		657		(268)		389
Total definite-lived intangible assets	4,882		(1,869)		3,013		4,762		(1,734)		3,028
Indefinite-lived intangible assets
Trademarks/trade names	2,291		—		2,291		2,248		—		2,248
Miscellaneous	80		—		80		80		—		80
	2,371		—		2,371		2,328		—		2,328
Total intangible assets	$	7,253	$	(1,869)	$	5,384	$	7,090	$	(1,734)	$	5,356

Amortization of other intangible assets included within continuing operations for the three month periods ended December 31, 2020 and 2019 was $104 million and $96 million, respectively. Excluding the impact of any future acquisitions, the Company anticipates amortization for fiscal 2022, 2023, 2024, 2025 and 2026 will be approximately $418 million, $411 million, $396 million, $375 million and $299 million per year, respectively.

The Company reviews indefinite-lived intangible assets for impairment during the fourth fiscal quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. There were no triggering events requiring that an impairment assessment be conducted in the first quarter of fiscal 2021. However, it is possible that future changes in circumstances, including a more prolonged and/or severe COVID-19 pandemic, would require the Company to record additional non-cash impairment charges.