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Goodwill and Other Intangibles (Tables)
9 Months Ended
Jun. 30, 2019
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, 2019.

 

Specialty

 

 

Intermediates

 

 

 

 

 

(In millions)

Ingredients

 

 

and Solvents

 

(a)

Total

 

Balance at September 30, 2018

$

2,304

 

 

$

 

 

$

2,304

 

Acquisitions

 

 

 

 

 

 

 

 

Currency translation

 

(19

)

 

 

 

 

 

(19

)

Balance at June 30, 2019

$

2,285

 

 

$

 

 

$

2,285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

As of June 30, 2019 and September 30, 2018, there was accumulated impairment of $90 million related to the Intermediates and Solvents reportable segment.

 

 

 

Summary of Intangible Assets

Intangible assets were comprised of the following as of June 30, 2019 and September 30, 2018.

 

June 30, 2019

 

 

Gross

 

 

 

 

 

 

Net

 

 

carrying

 

 

Accumulated

 

 

carrying

 

(In millions)

amount

 

 

amortization

 

 

amount

 

Definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

$

66

 

 

$

(28

)

 

$

38

 

Intellectual property

 

719

 

 

 

(382

)

 

 

337

 

Customer and supplier relationships

 

753

 

 

 

(288

)

 

 

465

 

Total definite-lived intangibles

 

1,538

 

 

 

(698

)

 

 

840

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

278

 

 

 

 

 

 

278

 

Total intangible assets

$

1,816

 

 

$

(698

)

 

$

1,118

 

 

 

September 30, 2018

 

 

Gross

 

 

 

 

 

 

Net

 

 

carrying

 

 

Accumulated

 

 

carrying

 

(In millions)

amount

 

 

amortization

 

 

amount

 

Definite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

$

66

 

 

$

(25

)

 

$

41

 

Intellectual property

 

721

 

 

 

(350

)

 

 

371

 

Customer and supplier relationships

 

759

 

 

 

(264

)

 

 

495

 

Total definite-lived intangibles

 

1,546

 

 

 

(639

)

 

 

907

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangibles

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

278

 

 

 

 

 

 

278

 

Total intangible assets

$

1,824

 

 

$

(639

)

 

$

1,185