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Goodwill and Other Identifiable Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
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, 2024 was as follows:
($ in millions)Performance
Coatings
Industrial
Coatings
Total
January 1, 2024$4,994 $1,206 $6,200 
Acquisitions, including purchase accounting adjustments— 
Foreign currency impact(127)(28)(155)
June 30, 2024$4,869 $1,178 $6,047 
As of both June 30, 2024 and December 31, 2023, accumulated goodwill impairment losses totaled $158 million.
Identifiable Intangible Assets with Finite Lives
A summary of the carrying value of the Company's identifiable intangible assets is as follows:
 June 30, 2024December 31, 2023
($ in millions)Gross
Carrying
Amount
Accumulated
Amortization
NetGross
Carrying
Amount
Accumulated
Amortization
Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks$1,370 $— $1,370 $1,442 $— $1,442 
Definite-Lived Identifiable Intangible Assets
Acquired technology$837 ($688)$149 $845 ($678)$167 
Customer-related1,877 (1,259)618 1,933 (1,259)674 
Trade names308 (181)127 319 (180)139 
Other49 (47)50 (48)
Total Definite-Lived Intangible Assets$3,071 ($2,175)$896 $3,147 ($2,165)$982 
Total Identifiable Intangible Assets$4,441 ($2,175)$2,266 $4,589 ($2,165)$2,424 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of June 30, 2024, estimated future amortization expense of identifiable intangible assets is as follows:
($ in millions)Future Amortization Expense
Remaining six months of 2024$73 
2025$128 
2026$107 
2027$96 
2028$83 
2029$78 
Thereafter$331