Goodwill And Other Intangibles

12 Months Ended

Sep. 30, 2021

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, 2019	$	5,467	668	401	1,069	6,536
Acquisitions	23		59	—	59	82
Foreign currency         translation and other	93		3	20	23	116
Balance, September 30, 2020	5,583		730	421	1,151	6,734
Acquisitions	967		23	—	23	990
Foreign currency         translation and other	2		—	(3)	(3)	(1)
Balance, September 30, 2021	$	6,552	753	418	1,171	7,723

The gross carrying amount and accumulated amortization of identifiable intangible assets by major class follow:

	Customer Relationships			Intellectual Property		Capitalized Software		Total
	2020		2021	2020	2021	2020	2021	2020	2021
Gross carrying amount	$	2,059	2,391	1,628	2,062	1,419	1,458	5,106	5,911
Less: Accumulated amortization	731		896	773	923	1,134	1,215	2,638	3,034
Net carrying amount	$	1,328	1,495	855	1,139	285	243	2,468	2,877

Intangible asset amortization expense for the major classes included above for 2021, 2020 and 2019 was $470, $369 and $359, respectively. Based on intangible asset balances as of September 30, 2021, amortization expense is expected to approximate $408 in 2022, $379 in 2023, $347 in 2024, $306 in 2025 and $274 in 2026. The increase in goodwill and intangible assets reflect the acquisition of Open Systems International, Inc.