XML 30 R16.htm IDEA: XBRL DOCUMENT
v3.20.4

GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill, by segment, were as follows, in millions:
| Gross Goodwill At December 31, 2020 |  | Accumulated Impairment Losses |  | Net Goodwill At December 31, 2020
Plumbing Products | $ | 613 |  |  | $ | (340) |  |  | $ | 273 |
Decorative Architectural Products | 365 |  |  | (75) |  |  | 290 |
Total | $ | 978 |  |  | $ | (415) |  |  | $ | 563 |
| Gross Goodwill At December 31, 2019 |  | Accumulated Impairment Losses |  | Net Goodwill At December 31, 2019 |  | Acquisitions |  |  |  | Other (A) |  | Net Goodwill At December 31, 2020
Plumbing Products | $ | 566 |  |  | $ | (340) |  |  | $ | 226 |  |  | $ | 34 |  |  |  |  | $ | 13 |  |  | $ | 273 |
Decorative Architectural Products | 358 |  |  | (75) |  |  | 283 |  |  | 7 |  |  |  |  | — |  |  | 290 |
Total | $ | 924 |  |  | $ | (415) |  |  | $ | 509 |  |  | $ | 41 |  |  |  |  | $ | 13 |  |  | $ | 563 |
| Gross Goodwill At December 31, 2018 |  | Accumulated Impairment Losses |  | Net Goodwill At December 31, 2018 |  | Acquisitions |  |  |  | Other (A) |  | Net Goodwill At December 31, 2019
Plumbing Products | $ | 568 |  |  | $ | (340) |  |  | $ | 228 |  |  | $ | — |  |  |  |  | $ | (2) |  |  | $ | 226 |
Decorative Architectural Products | 358 |  |  | (75) |  |  | 283 |  |  | — |  |  |  |  | — |  |  | 283 |
Total | $ | 926 |  |  | $ | (415) |  |  | $ | 511 |  |  | $ | — |  |  |  |  | $ | (2) |  |  | $ | 509 |
______________________________ (A)Other consists of the effect of foreign currency translation. Other indefinite-lived intangible assets were $109 million and $76 million at December 31, 2020 and 2019, respectively, and principally included registered trademarks. As a result of our 2020 acquisitions, other indefinite-lived intangible assets increased by $32 million as of the acquisition dates. During the first quarter of 2019, we recognized a $9 million impairment charge related to a registered trademark in our Decorative Architectural Products segment due to a change in the long-term net sales projections of lighting products. We completed our annual impairment testing of goodwill and other indefinite-lived intangible assets in the fourth quarters of 2020, 2019 and 2018. There was no impairment of goodwill for any of our reporting units or of our other indefinite-lived intangible assets in any of these years, other than as disclosed above. The carrying value of our definite-lived intangible assets was $248 million (net of accumulated amortization of $73 million) at December 31, 2020 and $183 million (net of accumulated amortization of $48 million) at December 31, 2019 and principally included customer relationships with a weighted average amortization period of 15 years in 2020 and 17 years in 2019. Amortization expense, including discontinued operations, related to the definite-lived intangible assets was $24 million, $23 million and $20 million in 2020, 2019 and 2018, respectively. As a result of our 2020 acquisitions, definite-lived intangible assets increased by $86 million, as of the acquisition dates. At December 31, 2020, amortization expense related to the definite-lived intangible assets during each of the next five years was as follows: 2021 – $27 million; 2022 – $23 million; 2023 – $22 million, 2024 – $22 million and 2025 –$17 million.

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 http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration