XML 24 R12.htm IDEA: XBRL DOCUMENT v3.25.1
Goodwill and Other Identifiable Intangible Assets
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Identifiable Intangible Assets Goodwill and Other Identifiable Intangible Assets
The Company tests indefinite-lived intangible assets and goodwill for impairment by performing either a qualitative evaluation or a quantitative test at least annually, or more frequently if an indication of impairment arises. The qualitative evaluation is an assessment of factors to determine whether it is more likely than not that the fair value of a reporting unit or asset is less than its carrying amount.
The Company did not identify an indication of goodwill impairment for any of its reporting units or an indication of impairment of any of its indefinite-lived intangible assets during the three months ended March 31, 2025.
The change in the carrying amount of goodwill attributable to each reportable segment for the three months ended March 31, 2025 was as follows:
($ in millions)Global Architectural CoatingsPerformance
Coatings		Industrial
Coatings		Total
January 1, 2025$2,688 $1,854 $1,148 $5,690 
Foreign currency impact and other93 15 26 134 
March 31, 2025$2,781 $1,869 $1,174 $5,824 
As of both March 31, 2025 and December 31, 2024, accumulated goodwill impairment losses totaled $158 million, all of which relates to the Performance Coatings reportable segment.
A summary of the carrying value of the Company's identifiable intangible assets is as follows:
 March 31, 2025December 31, 2024
($ in millions)Gross
Carrying
Amount		Accumulated
Amortization		NetGross
Carrying
Amount		Accumulated
Amortization		Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks$1,150 $— $1,150 $1,123 $— $1,123 
Definite-Lived Identifiable Intangible Assets
Acquired technology$806 ($679)$127 $800 ($666)$134 
Customer-related1,698 (1,157)541 1,656 (1,106)550 
Trade names285 (171)114 276 (162)114 
Other44 (43)1 43 (42)1 
Total Definite-Lived Intangible Assets$2,833 ($2,050)$783 $2,775 ($1,976)$799 
Total Identifiable Intangible Assets$3,983 ($2,050)$1,933 $3,898 ($1,976)$1,922 
The Company’s identifiable intangible assets with definite lives are being amortized over their estimated useful lives.
As of March 31, 2025, estimated future amortization expense of identifiable intangible assets is as follows:
($ in millions)Future Amortization Expense
Remaining nine months of 2025$95 
2026$97 
2027$89 
2028$81 
2029$75 
2030$64 
Thereafter$282