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Goodwill and Identifiable Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Identifiable Intangible Assets | GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS Goodwill The following table shows changes in the carrying amount of goodwill from December 31, 2023 to March 31, 2024 by reportable segment:
|  | Performance Coatings |  | Mobility Coatings |  | Total
Balance at December 31, 2023 |  | $ | 1,513 |  |  | $ | 78 |  |  | $ | 1,591 |
Foreign currency translation |  | (35) |  |  | (2) |  |  | (37) |
Balance at March 31, 2024 |  | $ | 1,478 |  |  | $ | 76 |  |  | $ | 1,554 |
Identifiable Intangible Assets The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:
March 31, 2024 |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Weighted average amortization periods (years)
Technology |  | $ | 161 |  |  | $ | (91) |  |  | $ | 70 |  |  | 11.2
Trademarks—indefinite-lived |  | 258 |  |  | — |  |  | 258 |  |  | Indefinite
Trademarks—definite-lived |  | 139 |  |  | (62) |  |  | 77 |  |  | 14.5
Customer relationships |  | 1,176 |  |  | (494) |  |  | 682 |  |  | 19.0
Total |  | $ | 1,734 |  |  | $ | (647) |  |  | $ | 1,087 |  |  |
December 31, 2023 |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Weighted average amortization periods (years)
Technology |  | $ | 162 |  |  | $ | (88) |  |  | $ | 74 |  |  | 11.2
Trademarks—indefinite-lived |  | 264 |  |  | — |  |  | 264 |  |  | Indefinite
Trademarks—definite-lived |  | 142 |  |  | (60) |  |  | 82 |  |  | 14.5
Customer relationships |  | 1,194 |  |  | (484) |  |  | 710 |  |  | 19.0
Total |  | $ | 1,762 |  |  | $ | (632) |  |  | $ | 1,130 |  |  |
The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2024 and each of the succeeding five years is:
Remainder of 2024 |  | $ | 66 |
2025 |  | 87 |
2026 |  | 87 |
2027 |  | 86 |
2028 |  | 73 |
2029 |  | 68 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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