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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 adjustments1,156 135 1,291 
Foreign currency impact(156)(31)(187)
September 30, 2021$5,023 $1,183 $6,206 
Identifiable Intangible Assets with Finite Lives
A summary of the carrying value of the Company's identifiable intangible assets is as follows:
 September 30, 2021December 31, 2020
($ in millions)Gross
Carrying
Amount
Accumulated
Amortization
NetGross
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-related1,968 (1,043)925 1,849 (994)855 
Trade names340 (140)200 277 (129)148 
Other51 (46)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