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Goodwill and Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balances The carrying amount of goodwill attributable to each reportable segment with goodwill balances and the changes in those balances during the period ended September 30, 2018 are as follows

 

 

 

Reinforcement

Materials

 

 

Performance

Chemicals

 

 

Purification

Solutions

 

 

Total

 

 

 

(In millions)

 

Balance at September 30, 2017

 

$

53

 

 

$

9

 

 

$

92

 

 

$

154

 

Goodwill acquired (1)

 

 

 

 

 

33

 

 

 

 

 

 

33

 

Impairment charge (2)

 

 

 

 

 

 

 

 

(92

)

 

 

(92

)

Foreign currency impact

 

 

(1

)

 

 

(1

)

 

 

 

 

 

(2

)

Balance at September 30, 2018

 

$

52

 

 

$

41

 

 

$

 

 

$

93

 

 

 

(1)

Consists of goodwill acquired in the acquisition of Tech Blend as described in Note C.

 

(2)

Refer to Note F for details on the Purification Solutions goodwill impairment test and the resulting impairment charge recorded in the second fiscal quarter of 2018. Based on the Company’s most recent annual goodwill impairment test performed as of May 31, 2018, the fair values of the Reinforcement Materials, Fumed Metal Oxides, and Specialty Compounds reporting units were substantially in excess of their carrying values.

 

 

 

 

Reinforcement

Materials

 

 

Performance

Chemicals

 

 

Purification

Solutions

 

 

Total

 

 

 

(In millions)

 

Accumulated impairment losses at September 30, 2017

 

$

 

 

$

 

 

$

(352

)

 

$

(352

)

Accumulated impairment losses at September 30, 2018

 

$

 

 

$

 

 

$

(444

)

 

$

(444

)

Schedule of Intangible Assets

The following table provides information regarding the Company’s intangible assets:

 

 

 

September 30, 2018

 

 

September 30, 2017

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net

Intangible

Assets

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net

Intangible

Assets

 

 

 

(In millions)

 

Intangible assets with finite lives (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technologies

 

$

52

 

 

$

(2

)

 

$

50

 

 

$

49

 

 

$

(7

)

 

$

42

 

Trademarks

 

 

8

 

 

 

 

 

 

8

 

 

 

16

 

 

 

(1

)

 

 

15

 

Customer relationships

 

 

51

 

 

 

(11

)

 

 

40

 

 

 

94

 

 

 

(14

)

 

 

80

 

Total intangible assets

 

$

111

 

 

$

(13

)

 

$

98

 

 

$

159

 

 

$

(22

)

 

$

137

 

 

 

(1)

Refer to Note F for intangible assets impairment charges recorded in the second fiscal quarter of 2018.