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Goodwill and Identifiable Intangible Assets
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
Goodwill
The following table shows changes in the carrying amount of goodwill from December 31, 2023 to June 30, 2024 by reportable segment:
Performance
Coatings
Mobility
Coatings
Total
Balance at December 31, 2023$1,513 $78 $1,591 
Foreign currency translation(40)(2)(42)
Balance at June 30, 2024$1,473 $76 $1,549 
Identifiable Intangible Assets
The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:
June 30, 2024Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Weighted average
amortization periods (years)
Technology$161 $(94)$67 11.2
Trademarks—indefinite-lived256 — 256 Indefinite
Trademarks—definite-lived139 (64)75 14.5
Customer relationships1,169 (506)663 19.0
Total$1,725 $(664)$1,061 
December 31, 2023Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Weighted average
amortization periods (years)
Technology$162 $(88)$74 11.2
Trademarks—indefinite-lived264 — 264 Indefinite
Trademarks—definite-lived142 (60)82 14.5
Customer relationships1,194 (484)710 19.0
Total$1,762 $(632)$1,130 
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$44 
202587 
202687 
202786 
202872 
202967