Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 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 nine months ended September 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	(270)	(79)	(349)
September 30, 2022	$4,755	$1,129	$5,884

Identifiable Intangible Assets with Finite Lives

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

	September 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	$1,274	N/A	$1,274	$1,449	N/A	$1,449
Definite-Lived Identifiable Intangible Assets
Acquired technology	$829	($628)	$201	$862	($616)	$246
Customer-related	1,756	(1,034)	722	1,956	(1,064)	892
Trade names	303	(150)	153	336	(144)	192
Other	47	(45)	2	51	(47)	4
Total Definite-Lived Intangible Assets	$2,935	($1,857)	$1,078	$3,205	($1,871)	$1,334
Total Identifiable Intangible Assets	$4,209	($1,857)	$2,352	$4,654	($1,871)	$2,783

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

($ in millions)	Future Amortization Expense
Remaining three months of 2022	$40
2023	$165
2024	$150
2025	$135
2026	$115
2027	$100
Thereafter	$373