Goodwill and Other Intangible Assets, Net

9 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

Goodwill

Changes in the carrying amount of goodwill attributable to each reportable segment, excluding amounts that were classified as held for sale as of June 30, 2022, were as follows:


($ in millions)	Flexibles Segment		Rigid Packaging Segment		Total
Balance as of June 30, 2022	$	4,307	$	978	$	5,285
Acquisitions (1)	64		—		64
Disposals (2)	(30)		—		(30)
Foreign currency translation	24		(5)		19
Balance as of March 31, 2023	$	4,365	$	973	$	5,338

(1)Acquisitions are attributed to goodwill recognized in connection with the business combinations detailed in Note 5, "Acquisitions and Disposals."

(2)Disposals are attributed to additional goodwill allocated to the Russian business, following the disposal of the business on December 23, 2022. As of June 30, 2022, $16 million of goodwill attributable to the Russian business was classified as assets held for sale. For further information, refer to Note 4, "Held for Sale" and Note 5, "Acquisitions and Disposals."

Goodwill is not amortized but is tested for impairment annually in the fourth quarter of the fiscal year, or during interim periods if events or circumstances arise which indicate that goodwill may be impaired.

Other Intangible Assets, Net

Other intangible assets, net were comprised of the following:


	March 31, 2023
($ in millions)	Gross Carrying Amount		Accumulated Amortization and Impairment (1)		Net Carrying Amount
Customer relationships	$	1,979	$	(628)	$	1,351
Computer software	249		(180)		69
Other (2)	326		(198)		128
Total other intangible assets	$	2,554	$	(1,006)	$	1,548


	June 30, 2022
($ in millions)	Gross Carrying Amount		Accumulated Amortization and Impairment (1)		Net Carrying Amount
Customer relationships	$	1,970	$	(529)	$	1,441
Computer software	235		(162)		73
Other (2)	323		(180)		143
Total other intangible assets	$	2,528	$	(871)	$	1,657

(1)Accumulated amortization and impairment included $34 million and $33 million for March 31, 2023 and June 30, 2022, respectively, of accumulated impairment in the Other category.

(2)Other included $17 million and $16 million for March 31, 2023 and June 30, 2022, respectively, of acquired intellectual property assets not yet being amortized as the related R&D projects have not yet been completed.

Amortization expenses for intangible assets were $43 million and $45 million during the three months ended March 31, 2023 and 2022, respectively, and $130 million and $135 million during the nine months ended March 31, 2023 and 2022, respectively.