GOODWILL AND OTHER INTANGIBLE ASSETS (Notes)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

The following table shows changes in the carrying amount of goodwill by reportable segment:

Goodwill	Packaging & Specialty Plastics		Industrial Intermediates & Infrastructure		Performance Materials & Coatings		Total
In millions
Net goodwill at Dec 31, 2021	$	5,105	$	1,096	$	2,563	$	8,764
Foreign currency impact	(14)		(7)		(219)		(240)
Net goodwill at Sep 30, 2022	$	5,091	$	1,089	$	2,344	$	8,524

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

Other Intangible Assets	Sep 30, 2022						Dec 31, 2021
In millions	Gross Carrying Amount		Accum Amort		Net		Gross Carrying Amount		Accum Amort		Net
Intangible assets with finite lives:
Developed technology	$	2,633	$	(1,985)	$	648	$	2,637	$	(1,871)	$	766
Software	1,356		(960)		396		1,396		(945)		451
Trademarks/tradenames	352		(345)		7		352		(344)		8
Customer-related	3,013		(1,598)		1,415		3,204		(1,565)		1,639
Total other intangible assets, finite lives	$	7,354	$	(4,888)	$	2,466	$	7,589	$	(4,725)	$	2,864
In-process research and development	17		—		17		17		—		17
Total other intangible assets	$	7,371	$	(4,888)	$	2,483	$	7,606	$	(4,725)	$	2,881

The following table provides information regarding amortization expense related to intangible assets:

Amortization Expense	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2022		Sep 30, 2021		Sep 30, 2022		Sep 30, 2021
Other intangible assets, excluding software	$	83	$	100	$	256	$	301
Software, included in “Cost of sales”	$	20	$	22	$	60	$	67

Total estimated amortization expense for 2022 and the five succeeding fiscal years, including amounts expected to be capitalized, is as follows:

Estimated Amortization Expense
In millions
2022	$	411
2023	$	376
2024	$	357
2025	$	266
2026	$	192
2027	$	159