Goodwill and Other Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

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, 2022 was as follows:

($ in millions)	Performance Coatings	Industrial Coatings	Total
January 1, 2022	$5,034	$1,214	$6,248
Acquisitions, including purchase accounting adjustments	31	(6)	25
Divestitures	(40)	—	(40)
Foreign currency impact	(83)	(31)	(114)
June 30, 2022	$4,942	$1,177	$6,119

Identifiable Intangible Assets with Finite Lives

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

	June 30, 2022			December 31, 2021
($ in millions)	Gross Carrying Amount	Accumulated Amortization	Net	Gross Carrying Amount	Accumulated Amortization	Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks	$1,301	N/A	$1,301	$1,449	N/A	$1,449
Definite-Lived Identifiable Intangible Assets
Acquired technology	$840	($626)	$214	$862	($616)	$246
Customer-related	1,828	(1,060)	768	1,956	(1,064)	892
Trade names	313	(150)	163	336	(144)	192
Other	49	(46)	3	51	(47)	4
Total Definite-Lived Intangible Assets	$3,030	($1,882)	$1,148	$3,205	($1,871)	$1,334
Total Identifiable Intangible Assets	$4,331	($1,882)	$2,449	$4,654	($1,871)	$2,783

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

As of June 30, 2022, estimated future amortization expense of identifiable intangible assets is as follows:

($ in millions)	Future Amortization Expense
Remaining six months of 2022	$95
2023	$165
2024	$150
2025	$135
2026	$115
2027	$100
Thereafter	$388