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Goodwill and Other Intangibles (Tables)
3 Months Ended
Dec. 31, 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 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.

 

Summary of Intangible Assets

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