Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 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 nine months ended September 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	125	11	136
Foreign currency impact	(16)	(17)	(33)
September 30, 2023	$4,990	$1,191	$6,181

Identifiable Intangible Assets with Finite Lives

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

	September 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	$1,405	$—	$1,405	$1,325	$—	$1,325
Definite-Lived Identifiable Intangible Assets
Acquired technology	$839	($664)	$175	$827	($636)	$191
Customer-related	1,882	(1,190)	692	1,855	(1,112)	743
Trade names	313	(171)	142	311	(158)	153
Other	49	(47)	2	50	(48)	2
Total Definite-Lived Intangible Assets	$3,083	($2,072)	$1,011	$3,043	($1,954)	$1,089
Total Identifiable Intangible Assets	$4,488	($2,072)	$2,416	$4,368	($1,954)	$2,414

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

($ in millions)	Future Amortization Expense
Remaining three months of 2023	$30
2024	$132
2025	$120
2026	$98
2027	$90
2028	$78
Thereafter	$463