Goodwill and Other Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount of Goodwill Attributable to Each Reportable Segment

The change in the carrying amount of goodwill attributable to each reportable segment for the six months ended June 30, 2021 was as follows:

($ in millions)	Performance Coatings	Industrial Coatings	Total
January 1, 2021	$4,023	$1,079	$5,102
Acquisitions, including purchase accounting adjustments	1,089	111	1,200
Foreign currency impact	(54)	(15)	(69)
June 30, 2021	$5,058	$1,175	$6,233

Identifiable Intangible Assets with Finite Lives

A summary of the carrying value of the Company's identifiable intangible assets is as follows:

	June 30, 2021			December 31, 2020
($ in millions)	Gross Carrying Amount	Accumulated Amortization	Net	Gross Carrying Amount	Accumulated Amortization	Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks	$1,543	N/A	$1,543	$1,101	N/A	$1,101
Definite-Lived Identifiable Intangible Assets
Acquired technology	$871	($600)	$271	$813	($585)	$228
Customer-related	2,025	(1,036)	989	1,849	(994)	855
Trade names	349	(136)	213	277	(129)	148
Other	54	(46)	8	64	(45)	19
Total Definite Lived Intangible Assets	$3,299	($1,818)	$1,481	$3,003	($1,753)	$1,250
Total Identifiable Intangible Assets	$4,842	($1,818)	$3,024	$4,104	($1,753)	$2,351

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

As of June 30, 2021, estimated future amortization expense of identifiable intangible assets is as follows:

($ in millions)	Future Amortization Expense
Remaining six months of 2021	$90
2022	$180
2023	$170
2024	$155
2025	$145
2026	$130
Thereafter	$611