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Goodwill and Other Intangibles (Tables)
9 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Reportable Segment

The following is a progression of goodwill by reportable segment for the nine months ended June 30, 2018.

 

 

Specialty

 

 

 

 

 

 

Intermediates

 

 

 

 

 

(In millions)

Ingredients

 

 

Composites

 

 

and Solvents

 

(a)

Total

 

Balance at September 30, 2017

$

2,315

 

 

$

150

 

 

$

 

 

$

2,465

 

Acquisitions (b)

 

7

 

 

 

 

 

 

 

 

 

7

 

Currency translation

 

(19

)

 

 

(6

)

 

 

 

 

 

(25

)

Balance at June 30, 2018

$

2,303

 

 

$

144

 

 

$

 

 

$

2,447

 

 

 

 

 

 

 

 

 

 

(a)

As of June 30, 2018 and September 30, 2017, there was accumulated impairment of $171 million related to the Intermediates and Solvents reportable segment.

 

(b)

Relates to the acquisition of Vornia Limited and subsequent adjustments to the initial purchase price of Pharmachem during the nine months ended June 30, 2018.  See Note C for more information.

 

Summary of Intangible Assets

Intangible assets were comprised of the following as of June 30, 2018 and September 30, 2017.  

 

 

June 30, 2018

 

 

Gross

 

 

 

 

 

 

Net

 

 

carrying

 

 

Accumulated

 

 

carrying

 

(In millions)

amount

 

 

amortization

 

 

amount

 

Definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

$

67

 

 

$

(24

)

 

$

43

 

Intellectual property

 

758

 

 

 

(360

)

 

 

398

 

Customer and supplier relationships

 

769

 

 

 

(262

)

 

 

507

 

Total definite-lived intangibles

 

1,594

 

 

 

(646

)

 

 

948

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

301

 

 

 

 

 

 

301

 

Total intangible assets

$

1,895

 

 

$

(646

)

 

$

1,249

 

 

 

September 30, 2017

 

 

Gross

 

 

 

 

 

 

Net

 

 

carrying

 

 

Accumulated

 

 

carrying

 

(In millions)

amount

 

 

amortization

 

 

amount

 

Definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

$

67

 

 

$

(22

)

 

$

45

 

Intellectual property

 

757

 

 

 

(326

)

 

 

431

 

Customer and supplier relationships

 

777

 

 

 

(235

)

 

 

542

 

Total definite-lived intangibles

 

1,601

 

 

 

(583

)

 

 

1,018

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

301

 

 

 

 

 

 

301

 

Total intangible assets

$

1,902

 

 

$

(583

)

 

$

1,319