XML 51 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill and Other Identifiable Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill Attributable to Each Reportable Segment
Goodwill
($ in millions)
Performance Coatings

Industrial Coatings

Total

January 1, 2016

$3,073


$552


$3,625

Acquisitions
6

168

174

Foreign currency translation
(209
)
(18
)
(227
)
December 31, 2016

$2,870


$702


$3,572

Acquisitions
23

89

112

Foreign currency translation
211

47

258

December 31, 2017

$3,104


$838


$3,942

Identifiable Intangible Assets with Finite Lives
Identifiable Intangible Assets
 
December 31, 2017
 
December 31, 2016
($ in millions)
Gross Carrying Amount

Accumulated Amortization

Net

 
Gross Carrying Amount

Accumulated Amortization

Net

Indefinite-Lived Identifiable Intangible Assets
 
 
 
 
 
 
 
Trademarks

$1,158


$—


$1,158

 

$1,107


$—


$1,107

Definite-Lived Identifiable Intangible Assets
 
 
 
 
 
 
 
Acquired technology

$613


($489
)

$124

 

$587


($446
)

$141

Customer-related
1,437

(762
)
675

 
1,272

(618
)
654

Tradenames
166

(87
)
79

 
142

(71
)
71

Other
44

(35
)
9

 
38

(28
)
10

Total Definite Lived Intangible Assets

$2,260


($1,373
)

$887

 

$2,039


($1,163
)

$876

Total Identifiable Intangible Assets

$3,418


($1,373
)

$2,045

 

$3,146


($1,163
)

$1,983


The Company’s identifiable intangible assets with definite lives are being amortized over their estimated useful lives. Aggregate amortization expense was $129 million, $121 million and $132 million in 2017, 2016 and 2015, respectively.
($ in millions)
2018
2019
2020
2021
2022
Estimated future amortization expense
$125
$115
$105
$100
$100