XML 40 R28.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Other Identifiable Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Carrying Amount of Goodwill Attributable to Each Reportable Segment | The change in the carrying amount of goodwill attributable to each reportable segment for the nine months ended September 30, 2021 was as follows:
($ in millions) | Performance Coatings |  | Industrial Coatings |  | Total
January 1, 2021 | $4,023 |  |  | $1,079 |  |  | $5,102 |
Acquisitions, including purchase accounting adjustments | 1,156 |  |  | 135 |  |  | 1,291 |
Foreign currency impact | (156) |  |  | (31) |  |  | (187) |
September 30, 2021 | $5,023 |  |  | $1,183 |  |  | $6,206 |
Identifiable Intangible Assets with Finite Lives | A summary of the carrying value of the Company's identifiable intangible assets is as follows:
| September 30, 2021 |  | December 31, 2020
($ in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks | $1,454 |  |  | N/A |  | $1,454 |  |  | $1,101 |  |  | N/A |  | $1,101 |
Definite-Lived Identifiable Intangible Assets
Acquired technology | $865 |  |  | ($607) |  |  | $258 |  |  | $813 |  |  | ($585) |  |  | $228 |
Customer-related | 1,968 |  |  | (1,043) |  |  | 925 |  |  | 1,849 |  |  | (994) |  |  | 855 |
Trade names | 340 |  |  | (140) |  |  | 200 |  |  | 277 |  |  | (129) |  |  | 148 |
Other | 51 |  |  | (46) |  |  | 5 |  |  | 64 |  |  | (45) |  |  | 19 |
Total Definite Lived Intangible Assets | $3,224 |  |  | ($1,836) |  |  | $1,388 |  |  | $3,003 |  |  | ($1,753) |  |  | $1,250 |
Total Identifiable Intangible Assets | $4,678 |  |  | ($1,836) |  |  | $2,842 |  |  | $4,104 |  |  | ($1,753) |  |  | $2,351 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | As of September 30, 2021, estimated future amortization expense of identifiable intangible assets is as follows:
($ in millions) | Future Amortization Expense
Remaining three months of 2021 | $45 |
2022 | $180 |
2023 | $170 |
2024 | $155 |
2025 | $145 |
2026 | $130 |
Thereafter | $563 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration