Goodwill and Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table shows changes in the carrying amount of goodwill from December 31, 2023 to March 31, 2024 by reportable segment:

	Performance Coatings		Mobility Coatings		Total
Balance at December 31, 2023	$	1,513	$	78	$	1,591
Foreign currency translation	(35)		(2)		(37)
Balance at March 31, 2024	$	1,478	$	76	$	1,554

Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class

The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:

March 31, 2024	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average amortization periods (years)
Technology	$	161	$	(91)	$	70	11.2
Trademarks—indefinite-lived	258		—		258		Indefinite
Trademarks—definite-lived	139		(62)		77		14.5
Customer relationships	1,176		(494)		682		19.0
Total	$	1,734	$	(647)	$	1,087

December 31, 2023	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted average amortization periods (years)
Technology	$	162	$	(88)	$	74	11.2
Trademarks—indefinite-lived	264		—		264		Indefinite
Trademarks—definite-lived	142		(60)		82		14.5
Customer relationships	1,194		(484)		710		19.0
Total	$	1,762	$	(632)	$	1,130

Schedule of Finite-lived Intangible Assets, Future Amortization Expense

The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2024 and each of the succeeding five years is:

Remainder of 2024	$	66
2025	87
2026	87
2027	86
2028	73
2029	68