XML 107 R14.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Goodwill and Other Intangibles | 3 Months Ended
--- | ---
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | NOTE G – GOODWILL AND OTHER INTANGIBLES Goodwill Ashland reviews goodwill and indefinite-lived intangible assets for impairment annually or when events and circumstances indicate an impairment may have occurred. This annual assessment is performed as of July 1 and consists of Ashland determining each reporting unit’s current fair value compared to its current carrying value. For its July 1, 2019 assessment, Ashland determined that its reporting units for the allocation of goodwill were its two reportable segments: Specialty Ingredients and Intermediates and Solvents. At that time, Ashland determined no additional impairment existed. The following is a progression of goodwill by reportable segment for the three months ended December 31, 2019.
| Specialty |  |  | Intermediates |  |  |  |  |
(In millions) | Ingredients |  |  | and Solvents |  | (a) | Total |
Balance at September 30, 2019 | $ | 2,253 |  |  | $ | — |  |  | $ | 2,253 |
Currency translation |  | 21 |  |  |  | — |  |  |  | 21 |
Balance at December 31, 2019 | $ | 2,274 |  |  | $ | — |  |  | $ | 2,274 |
| (a) | As of December 31, 2019 and September 30, 2019, there was accumulated impairment of $90 million related to the Intermediates and Solvents reportable segment. |
Other intangible assets Intangible assets principally consist of trademarks and trade names, intellectual property and customer and supplier relationships. Intangible assets classified as finite are amortized on a straight-line basis over their estimated useful lives. The cost of trademarks and trade names is amortized principally over 3 to 25 years, intellectual property over 5 to 25 years, and customer and supplier relationships over 3 to 24 years. Ashland annually reviews indefinite-lived intangible assets for possible impairment or whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. Intangible assets were comprised of the following as of December 31, 2019 and September 30, 2019.
| December 31, 2019 |
| Gross |  |  |  |  |  |  | Net |
| carrying |  |  | Accumulated |  |  | carrying |
(In millions) | amount |  |  | amortization |  |  | amount |
Definite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names | $ | 66 |  |  | $ | (30 | ) |  | $ | 36 |
Intellectual property |  | 717 |  |  |  | (405 | ) |  |  | 312 |
Customer and supplier relationships |  | 750 |  |  |  | (304 | ) |  |  | 446 |
Total definite-lived intangibles |  | 1,533 |  |  |  | (739 | ) |  |  | 794 |
Indefinite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  | 278 |  |  |  | — |  |  |  | 278 |
Total intangible assets | $ | 1,811 |  |  | $ | (739 | ) |  | $ | 1,072 |
| September 30, 2019 |
| Gross |  |  |  |  |  |  | Net |
| carrying |  |  | Accumulated |  |  | carrying |
(In millions) | amount |  |  | amortization |  |  | amount |
Definite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names | $ | 66 |  |  | $ | (29 | ) |  | $ | 37 |
Intellectual property |  | 712 |  |  |  | (391 | ) |  |  | 321 |
Customer and supplier relationships |  | 744 |  |  |  | (292 | ) |  |  | 452 |
Total definite-lived intangibles |  | 1,522 |  |  |  | (712 | ) |  |  | 810 |
Indefinite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  | 278 |  |  |  | — |  |  |  | 278 |
Total intangible assets | $ | 1,800 |  |  | $ | (712 | ) |  | $ | 1,088 |
Amortization expense recognized on intangible assets was $21 million and $22 million for the three months ended December 31, 2019 and 2018, respectively, and is included in the selling, general and administrative expense caption of the Statements of Consolidated Comprehensive Income (Loss). Estimated amortization expense for future periods is $85 million in 2020 (includes three months actual and nine months estimated), $85 million in 2021, $84 million in 2022, $84 million in 2023 and $70 million in 2024. The amortization expense for future periods is an estimate. Actual amounts may change from such estimated amounts due to fluctuations in foreign currency exchange rates, additional intangible asset acquisitions and divestitures, potential impairment, accelerated amortization, or other events.

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 -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration