GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2015

GOODWILL AND OTHER INTANGIBLE ASSETS

H. GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill, by segment, were as follows, in millions:

	Gross Goodwill At December 31, 2015		Accumulated Impairment Losses			Net Goodwill At December 31, 2015
Cabinets and Related Products	$	240	$	(59	)	$	181
Plumbing Products		525		(340	)		185
Decorative Architectural Products		294		(75	)		219
Other Specialty Products		988		(734	)		254

Total	$	2,047	$	(1,208	)	$	839

	Gross Goodwill At December 31, 2014		Accumulated Impairment Losses			Net Goodwill At December 31, 2014		Additions (A)		Other (B)			Net Goodwill At December 31, 2015
Cabinets and Related Products	$	240	$	(59	)	$	181	$	—	$	—		$	181
Plumbing Products		531		(340	)		191		8		(14	)		185
Decorative Architectural Products		294		(75	)		219		—		—			219
Other Specialty Products		983		(734	)		249		6		(1	)		254

Total	$	2,048	$	(1,208	)	$	840	$	14	$	(15	)	$	839

	Gross Goodwill At December 31, 2013		Accumulated Impairment Losses			Net Goodwill At December 31, 2013		Additions (A)		Other (B)			Net Goodwill At December 31, 2014
Cabinets and Related Products	$	240	$	(59	)	$	181	$	—	$	—		$	181
Plumbing Products		550		(340	)		210		—		(19	)		191
Decorative Architectural Products		294		(75	)		219		—		—			219
Other Specialty Products		983		(734	)		249		—		—			249

Total	$	2,067	$	(1,208	)	$	859	$	—	$	(19	)	$	840


(A)	Additions consist of acquisitions.
(B)	Other principally includes the effect of foreign currency translation.

We completed our annual impairment testing of goodwill and other indefinite-lived intangible assets in the fourth quarters of 2015, 2014 and 2013. There was no impairment of goodwill for any of our reporting units for any of these years.

Other indefinite-lived intangible assets were $137 million and $130 million at December 31, 2015 and 2014, respectively, and principally included registered trademarks. In 2015 and 2013, the impairment test indicated there was no impairment of other indefinite-lived intangible assets for any of our business units. In 2014, we recognized an insignificant impairment charge for other indefinite-lived intangible assets. As a result of our 2015 acquisitions, other indefinite lived intangible assets increased by $7 million as of the acquisition dates.

The carrying value of our definite-lived intangible assets was $23 million (net of accumulated amortization of $49 million) at December 31, 2015 and $12 million (net of accumulated amortization of $48 million) at December 31, 2014 and principally included customer relationships with a weighted average amortization period of 6 years in both 2015 and 2014. Amortization expense related to the definite-lived intangible assets of continuing operations was $6 million in 2015 and $4 million in both 2014 and 2013. As a result of our 2015 acquisitions, definite-lived intangible assets increased by $17 million as of the acquisition dates.

At December 31, 2015, amortization expense related to the definite-lived intangible assets during each of the next five years was as follows: 2016 – $4 million; 2017 – $2 million; 2018 – $2 million, 2019 – $2 million and 2020 – $2 million.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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