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Goodwill and Intangible Assets (Tables)
6 Months Ended
Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balances

The carrying amount of goodwill attributable to each reportable segment with goodwill balances and the changes in those balances during the six month period ended March 31, 2018 are as follows:

 

 

Reinforcement

Materials

 

 

Performance

Chemicals

 

 

Purification

Solutions

 

 

Total

 

 

 

(In millions)

 

Balance at September 30, 2017

 

$

53

 

 

$

9

 

 

$

92

 

 

$

154

 

Goodwill acquired(1)

 

 

 

 

 

33

 

 

 

 

 

 

33

 

Impairment charge(2)

 

 

 

 

 

 

 

 

(92

)

 

 

(92

)

Foreign currency impact

 

 

1

 

 

 

1

 

 

 

 

 

 

2

 

Balance at March 31, 2018

 

$

54

 

 

$

43

 

 

$

 

 

$

97

 

 

(1)

Consists of goodwill acquired in the acquisition of Tech Blend as described in Note C.

(2)

In the second quarter of fiscal 2018, the Company determined that it was more likely than not that the carrying value of the Purification Solutions reporting unit exceeded its fair value. Accordingly, the Company performed the quantitative goodwill impairment test. Refer to Note E for details on the Purification Solutions goodwill impairment test and the resulting impairment charge recorded.

Schedule of Intangible Assets

The following table provides information regarding the Company’s intangible assets:

 

 

 

March 31, 2018

 

 

September 30, 2017

 

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net

Intangible

Assets

 

 

Gross

Carrying

Value

 

 

Accumulated

Amortization

 

 

Net

Intangible

Assets

 

 

 

(In millions)

 

Intangible assets with finite lives(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technologies

 

$

52

 

 

$

 

 

$

52

 

 

$

49

 

 

$

(7

)

 

$

42

 

Trademarks

 

 

9

 

 

 

 

 

 

9

 

 

 

16

 

 

 

(1

)

 

 

15

 

Customer relationships

 

 

52

 

 

 

(10

)

 

 

42

 

 

 

94

 

 

 

(14

)

 

 

80

 

Total intangible assets

 

$

113

 

 

$

(10

)

 

$

103

 

 

$

159

 

 

$

(22

)

 

$

137

 

 

(1)

Refer to Note E for intangible assets impairment charges recorded in the second fiscal quarter of 2018.