XML 53 R30.htm IDEA: XBRL DOCUMENT v3.20.4
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
Changes in the carrying amount of goodwill follow:
(Dollars in millions)Additives & Functional ProductsAdvanced MaterialsChemical IntermediatesOtherTotal
Balance at December 31, 2018$2,410 $1,283 $764 $10 $4,467 
Acquisitions15 — — — 15 
Impairments recognized(45)— — — (45)
Currency translation adjustments(3)(1)(2)— (6)
Balance at December 31, 20192,377 1,282 762 10 4,431 
Currency translation adjustments20 10 — 34 
Balance at December 31, 2020$2,397 $1,292 $766 $10 $4,465 
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class
December 31, 2020December 31, 2019
(Dollars in millions)Estimated Useful Life in YearsGross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
Amortizable intangible assets:
Customer relationships8-25$1,589 $571 $1,018 $1,566 $494 $1,072 
Technology7-20687 392 295 677 343 334 
Tradenames2544 42 — — — 
Other18-3786 23 63 88 22 66 
Indefinite-lived intangible assets:
Tradenames364 — 364 529 — 529 
Other10 — 10 10 — 10 
Total identified intangible assets$2,780 $988 $1,792 $2,870 $859 $2,011