XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.22.2.2

GOODWILL AND OTHER INTANGIBLE ASSETS (Notes) | 9 Months Ended
--- | ---
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The following table shows changes in the carrying amount of goodwill by reportable segment:
Goodwill | Packaging & Specialty Plastics | Industrial Intermediates & Infrastructure | Performance Materials & Coatings | Total
In millions
Net goodwill at Dec 31, 2021 | $ | 5,105 |  | $ | 1,096 |  | $ | 2,563 |  | $ | 8,764 |
Foreign currency impact | (14) |  | (7) |  | (219) |  | (240) |
Net goodwill at Sep 30, 2022 | $ | 5,091 |  | $ | 1,089 |  | $ | 2,344 |  | $ | 8,524 |
The following table provides information regarding the Company’s other intangible assets:
Other Intangible Assets | Sep 30, 2022 | Dec 31, 2021
In millions | Gross Carrying Amount | Accum Amort | Net | Gross Carrying Amount | Accum Amort | Net
Intangible assets with finite lives: |  |  |  |  |  |
Developed technology | $ | 2,633 |  | $ | (1,985) |  | $ | 648 |  | $ | 2,637 |  | $ | (1,871) |  | $ | 766 |
Software | 1,356 |  | (960) |  | 396 |  | 1,396 |  | (945) |  | 451 |
Trademarks/tradenames | 352 |  | (345) |  | 7 |  | 352 |  | (344) |  | 8 |
Customer-related | 3,013 |  | (1,598) |  | 1,415 |  | 3,204 |  | (1,565) |  | 1,639 |
Total other intangible assets, finite lives | $ | 7,354 |  | $ | (4,888) |  | $ | 2,466 |  | $ | 7,589 |  | $ | (4,725) |  | $ | 2,864 |
In-process research and development | 17 |  | — |  | 17 |  | 17 |  | — |  | 17 |
Total other intangible assets | $ | 7,371 |  | $ | (4,888) |  | $ | 2,483 |  | $ | 7,606 |  | $ | (4,725) |  | $ | 2,881 |
The following table provides information regarding amortization expense related to intangible assets:
Amortization Expense | Three Months Ended | Nine Months Ended
In millions | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2021
Other intangible assets, excluding software | $ | 83 |  | $ | 100 |  | $ | 256 |  | $ | 301 |
Software, included in “Cost of sales” | $ | 20 |  | $ | 22 |  | $ | 60 |  | $ | 67 |
Total estimated amortization expense for 2022 and the five succeeding fiscal years, including amounts expected to be capitalized, is as follows:
Estimated Amortization Expense
In millions
2022 | $ | 411 |
2023 | $ | 376 |
2024 | $ | 357 |
2025 | $ | 266 |
2026 | $ | 192 |
2027 | $ | 159 |

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 The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration