Goodwill and Other Intangible Assets (Notes)

9 Months Ended

Jun. 30, 2021

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 nine month period ended June 30, 2021 were as follows (in millions):


			Business Acquisitions		Business Divestitures		Currency Translation and Other
	September 30,								June 30,
	2020								2021

Building Solutions North America	$	9,160	$	17	$	—	$	53		$	9,230
Building Solutions EMEA/LA	1,967		21		—		76			2,064
Building Solutions Asia Pacific	1,226		—		(7)		46			1,265
Global Products	5,579		235		—		72			5,886
Total	$	17,932	$	273	$	(7)	$	247		$	18,445

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 nine months ended June 30, 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):


	June 30, 2021						September 30, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Definite-lived intangible assets
Technology	$	1,484	$	(601)	$	883	$	1,332	$	(497)	$	835
Customer relationships	3,107		(1,146)		1,961		2,773		(969)		1,804
Miscellaneous	719		(329)		390		657		(268)		389
	5,310		(2,076)		3,234		4,762		(1,734)		3,028
Indefinite-lived intangible assets
Trademarks/trade names	2,365		—		2,365		2,248		—		2,248
Miscellaneous	80		—		80		80		—		80
	2,445		—		2,445		2,328		—		2,328
Total intangible assets	$	7,755	$	(2,076)	$	5,679	$	7,090	$	(1,734)	$	5,356

Amortization of other intangible assets included within continuing operations for the three month periods ended June 30, 2021 and 2020 was $112 million and $95 million, respectively. Amortization of other intangible assets included within continuing operations for the nine month periods ended June 30, 2021 and 2020 was $320 million and $288 million, respectively. Excluding the impact of any future acquisitions, the Company anticipates amortization for fiscal 2022, 2023, 2024, 2025 and 2026 will be approximately $454 million, $436 million, $419 million, $401 million and $332 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 nine months ended June 30, 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.