v3.26.3
GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
During the nine months ended September 30, 2026, we completed two acquisitions in our Performance Coatings segment. These acquisitions were accounted for as business combinations with consolidated aggregate consideration of $13 million, of which $8 million was paid, net of $1 million of cash acquired, during the nine months ended September 30, 2026. The overall impacts to our unaudited condensed consolidated financial statements were not considered to be material. The fair value attributable to identifiable intangible assets was $6 million, pertaining to customer relationship assets, which will be amortized over a weighted average term of approximately 10 years.
Goodwill
The following table shows changes in the carrying amount of goodwill from December 31, 2025 to September 30, 2026 by reportable segment:
Performance
Coatings
Mobility
Coatings
Total
Balance at December 31, 2025$1,714 $81 $1,795 
Goodwill from acquisitions5 — 5 
Foreign currency translation(36)(2)(38)
Balance at September 30, 2026$1,683 $79 $1,762 
Identifiable Intangible Assets
The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:
September 30, 2026Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Weighted average
amortization periods (years)
Technology$149 $(109)$40 11.2
Trademarks—indefinite-lived267 — 267 Indefinite
Trademarks—definite-lived160 (94)66 14.1
Customer relationships1,364 (681)683 18.8
Total$1,940 $(884)$1,056 
December 31, 2025Gross Carrying
Amount
Accumulated
Amortization
Net Book
Value
Weighted average
amortization periods (years)
Technology$154 $(103)$51 11.1
Trademarks—indefinite-lived275 — 275 Indefinite
Trademarks—definite-lived164 (87)77 14.1
Customer relationships1,375 (631)744 18.9
Total$1,968 $(821)$1,147 
The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2026 and each of the succeeding five years is:
Remainder of 2026$26 
2027101 
202887 
202983 
203082 
203178