v3.23.1
Goodwill and Other Identifiable Intangible Assets (Tables)
3 Months Ended
Mar. 31, 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 three months ended March 31, 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— 10 10 
Foreign currency impact68 75 
March 31, 2023$4,949 $1,214 $6,163 
Identifiable Intangible Assets with Finite Lives
A summary of the carrying value of the Company's identifiable intangible assets is as follows:
 March 31, 2023December 31, 2022
($ in millions)Gross
Carrying
Amount
Accumulated
Amortization
NetGross
Carrying
Amount
Accumulated
Amortization
Net
Indefinite-Lived Identifiable Intangible Assets
Trademarks$1,387 $— $1,387 $1,325 $— $1,325 
Definite-Lived Identifiable Intangible Assets
Acquired technology$829 ($647)$182 $827 ($636)$191 
Customer-related1,874 (1,153)721 1,855 (1,112)743 
Trade names315 (165)150 311 (158)153 
Other50 (48)50 (48)
Total Definite-Lived Intangible Assets$3,068 ($2,013)$1,055 $3,043 ($1,954)$1,089 
Total Identifiable Intangible Assets$4,455 ($2,013)$2,442 $4,368 ($1,954)$2,414 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of March 31, 2023, estimated future amortization expense of identifiable intangible assets is as follows:
($ in millions)Future Amortization Expense
Remaining nine months of 2023$109 
2024$127 
2025$115 
2026$93 
2027$85 
2028$73 
Thereafter$453