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GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
During the nine months ended September 30, 2025, we completed a strategic acquisition in our Performance Coatings segment. This acquisition was accounted for as a business combination with aggregate consideration of $9 million, of which $6 million was paid, net of $1 million of cash acquired. The overall impacts to our unaudited condensed consolidated financial statements were not considered to be material. The fair value attributable to identifiable intangible assets was $5 million, comprised of customer relationship assets, which will be amortized over a weighted average term of approximately 10 years.
Goodwill
The following table shows changes in the carrying amount of goodwill from December 31, 2024 to September 30, 2025 by reportable segment:
Performance
Coatings		Mobility
Coatings		Total
Balance at December 31, 2024$1,566 $74 $1,640 
Goodwill from acquisitions2 — 2 
Purchase accounting adjustments1 — 1 
Foreign currency translation120 6 126 
Balance at September 30, 2025$1,689 $80 $1,769 
Identifiable Intangible Assets
The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:
September 30, 2025Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value		Weighted average
amortization periods (years)
Technology$153 $(99)$54 11.1
Trademarks—indefinite-lived274 — 274 Indefinite
Trademarks—definite-lived163 (83)80 14.1
Customer relationships1,344 (611)733 19.0
Total$1,934 $(793)$1,141 
December 31, 2024Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value		Weighted average
amortization periods (years)
Technology$152 $(88)$64 11.1
Trademarks—indefinite-lived252 — 252 Indefinite
Trademarks—definite-lived154 (70)84 14.0
Customer relationships1,280 (531)749 19.1
Total$1,838 $(689)$1,149 
The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2025 and each of the succeeding five years is:
Remainder of 2025$25 
2026100 
202799 
202885 
202980 
203080