Goodwill And Other Intangibles

12 Months Ended

Sep. 30, 2022

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		AspenTech	Climate Technologies	Tools & Home Products	Commercial & Residential Solutions
							Total
Balance, September 30, 2020	$	5,506	77	730	421	1,151	6,734
Acquisitions	—		967	23	—	23	990
Foreign currency         translation and other	2		—	—	(3)	(3)	(1)
Balance, September 30, 2021	5,508		1,044	753	418	1,171	7,723
Acquisitions	40		7,289	—	—	—	7,329
Foreign currency         translation and other	(292)		(7)	(38)	(53)	(91)	(390)
Balance, September 30, 2022	$	5,256	8,326	715	365	1,080	14,662

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

	Customer Relationships			Intellectual Property		Capitalized Software		Total
	2021		2022	2021	2022	2021	2022	2021	2022
Gross carrying amount	$	2,391	4,563	2,062	4,121	1,458	1,457	5,911	10,141
Less: Accumulated amortization	896		1,056	923	1,123	1,215	1,238	3,034	3,417
Net carrying amount	$	1,495	3,507	1,139	2,998	243	219	2,877	6,724

Intangible asset amortization expense for the major classes included above for 2022, 2021 and 2020 was $563, $470 and $369, respectively. Based on intangible asset balances as of September 30, 2022, amortization expense is expected to approximate $778 in 2023, $745 in 2024, $672 in 2025, $565 in 2026 and $546 in 2027. The increase in goodwill and intangible assets in fiscal 2022 and 2021 reflect the Heritage AspenTech and OSI acquisitions, respectively.