XML 23 R16.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill And Other Intangibles
 12 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangibles GOODWILL AND OTHER INTANGIBLES

The change in the carrying value of goodwill by business segment follows:
 
Automation Solutions

 
Climate Technologies

 
Tools & Home Products

 
Commercial & Residential Solutions

 
 
 
 
 
 
 
Total

Balance, September 30, 2017
$
4,704

 
555

 
57

 
612

 
5,316

     Acquisitions
696

 
118

 
374

 
492

 
1,188

     Foreign currency
        translation and other
(45
)
 
(3
)
 
(1
)
 
(4
)
 
(49
)
Balance, September 30, 2018
5,355

 
670

 
430

 
1,100

 
6,455

     Acquisitions
210

 
—

 
—

 
—

 
210

     Divestitures
—

 
—

 
(2
)
 
(2
)
 
(2
)
     Foreign currency
        translation and other
(98
)
 
(2
)
 
(27
)
 
(29
)
 
(127
)
Balance, September 30, 2019
$
5,467

 
668

 
401

 
1,069

 
6,536



The gross carrying amount and accumulated amortization of identifiable intangible assets by major class follow:
 
Customer Relationships
 
Intellectual Property
 
Capitalized Software
 
Total
 
2018

 
2019

 
2018

 
2019

 
2018

 
2019

 
2018

 
2019

Gross carrying amount
$
1,968

 
1,973

 
1,469

 
1,565

 
1,230

 
1,334

 
4,667

 
4,872

Less: Accumulated amortization
451

 
582

 
544

 
650

 
921

 
1,025

 
1,916

 
2,257

     Net carrying amount
$
1,517

 
1,391

 
925

 
915

 
309

 
309

 
2,751

 
2,615



Intangible asset amortization expense for the major classes included above for 2019, 2018 and 2017 was $359, $314 and $222, respectively. Based on intangible asset balances as of September 30, 2019, amortization expense is expected to approximate $366 in 2020, $329 in 2021, $292 in 2022, $265 in 2023 and $242 in 2024.

The increase in goodwill and intangibles is primarily due to acquisitions. See Note 4.