Goodwill and Other Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

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, 2020	$3,442	$1,028	$4,470
Acquisitions, including purchase accounting adjustments	519	15	534
Disposals	(5)	—	(5)
Foreign currency impact	67	36	103
December 31, 2020	$4,023	$1,079	$5,102
Acquisitions, including purchase accounting adjustments	1,188	177	1,365
Foreign currency impact	(177)	(42)	(219)
December 31, 2021	$5,034	$1,214	$6,248

Identifiable Intangible Assets with Finite Lives

Identifiable Intangible Assets
	December 31, 2021			December 31, 2020
($ in millions)	Gross Carrying Amount	Accumulated Amortization	Net	Gross Carrying Amount	Accumulated Amortization	Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks	$1,449	$—	$1,449	$1,101	$—	$1,101
Definite-Lived Identifiable Intangible Assets
Acquired technology	$862	($616)	$246	$813	($585)	$228
Customer-related	1,956	(1,064)	892	1,849	(994)	855
Trade names	336	(144)	192	277	(129)	148
Other	51	(47)	4	64	(45)	19
Total Definite Lived Intangible Assets	$3,205	($1,871)	$1,334	$3,003	($1,753)	$1,250
Total Identifiable Intangible Assets	$4,654	($1,871)	$2,783	$4,104	($1,753)	$2,351

In the fourth quarter, the Company tests the carrying value of indefinite-lived trademarks for impairment, as discussed in Note 1, “Summary of Significant Accounting Policies.” In conjunction with the 2020 assessment, the long-term forecast of net sales for a trademark in the Performance Coatings segment was reduced as a result of historical performance. As a result, the Company recognized a pretax impairment charge of $38 million in Impairment charges in the accompanying consolidated statements of income. In 2021, the annual impairment testing review of indefinite-lived intangibles did not result in an impairment.

Aggregate amortization expense was $172 million, $138 million and $136 million in 2021, 2020 and 2019, respectively.

($ in millions)	2022	2023	2024	2025	2026
Estimated future amortization expense	$180	$165	$150	$135	$115