XML 31 R17.htm IDEA: XBRL DOCUMENT
v3.23.2

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | E. Goodwill and Intangible Assets The carrying amount of goodwill attributable to each reportable segment and the changes in those balances during the nine months ended June 30, 2023 are as follows:
|  | Reinforcement Materials |  |  | Performance Chemicals |  |  | Total |
|  | (In millions) |
Balance at September 30, 2022 |  | $ | 46 |  |  | $ | 83 |  |  | $ | 129 |
Foreign currency impact |  |  | 6 |  |  |  | 1 |  |  | $ | 7 |
Balance at June 30, 2023 |  | $ | 52 |  |  | $ | 84 |  |  | $ | 136 |
The following table provides information regarding the Company’s intangible assets:
|  | June 30, 2023 |  |  | September 30, 2022 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Intangible Assets |
|  | (In millions) |
Intangible assets with finite lives |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technologies |  | $ | 34 |  |  | $ | (9 | ) |  | $ | 25 |  |  | $ | 34 |  |  | $ | (8 | ) |  | $ | 26 |
Trademarks |  |  | 2 |  |  |  | (1 | ) |  | $ | 1 |  |  |  | 2 |  |  |  | (1 | ) |  |  | 1 |
Customer relationships |  |  | 67 |  |  |  | (30 | ) |  | $ | 37 |  |  |  | 59 |  |  |  | (23 | ) |  |  | 36 |
Total intangible assets |  | $ | 103 |  |  | $ | (40 | ) |  | $ | 63 |  |  | $ | 95 |  |  | $ | (32 | ) |  | $ | 63 |
Intangible assets are amortized over their estimated useful liv es, which range between ten and twenty-five years, with a weighted average amortization period of approximately seventeen years. Amortization expense for each of the three months ended June 30, 2023 and 2022 was $1 million. Amortization expense was $4 million and $5 million for the nine months ended June 30, 2023 and 2022, respectively. Amortization expense is included in Cost of sales, Selling and administrative expenses and Research and technical expenses in the Consolidated Statements of Operations. Total amortization expense is estimated to be approximately $6 million each year for the next five fiscal years.

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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration