Goodwill and Other Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 was as follows:

($ in millions)	Performance Coatings	Industrial Coatings	Total
January 1, 2023	$4,881	$1,197	$6,078
Acquisitions, including purchase accounting adjustments	122	10	132
Foreign currency impact	80	4	84
June 30, 2023	$5,083	$1,211	$6,294

Identifiable Intangible Assets with Finite Lives

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

	June 30, 2023			December 31, 2022
($ in millions)	Gross Carrying Amount	Accumulated Amortization	Net	Gross Carrying Amount	Accumulated Amortization	Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks	$1,432	$—	$1,432	$1,325	$—	$1,325
Definite-Lived Identifiable Intangible Assets
Acquired technology	$844	($658)	$186	$827	($636)	$191
Customer-related	1,917	(1,192)	725	1,855	(1,112)	743
Trade names	318	(170)	148	311	(158)	153
Other	50	(48)	2	50	(48)	2
Total Definite-Lived Intangible Assets	$3,129	($2,068)	$1,061	$3,043	($1,954)	$1,089
Total Identifiable Intangible Assets	$4,561	($2,068)	$2,493	$4,368	($1,954)	$2,414

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of June 30, 2023, estimated future amortization expense of identifiable intangible assets is as follows:

($ in millions)	Future Amortization Expense
Remaining six months of 2023	$71
2024	$132
2025	$120
2026	$98
2027	$90
2028	$78
Thereafter	$472