Goodwill and Other Intangibles

9 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles

GOODWILL AND OTHER INTANGIBLES

Goodwill

The following table summarizes the changes in the carrying amount of goodwill by reportable segment and in total during the nine months ended June 30, 2019:

(In millions)	Quick Lubes		Core North America		International		Total
Balance at September 30, 2018	$	252	$	89	$	40	$	381
Acquisitions (a)	34		—		—		34
Balance at June 30, 2019	$	286	$	89	$	40	$	415

(a) Refer to Note 4 for details regarding acquisitions completed during the nine months ended June 30, 2019.

Other intangible assets

Valvoline’s purchased intangible assets were specifically identified when acquired, have finite lives, and are reported in Goodwill and intangibles, net on the Condensed Consolidated Balance Sheets. The following summarizes the gross carrying amounts and accumulated amortization of the Company’s intangible assets as of:

	June 30, 2019						September 30, 2018
(In millions)	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Definite-lived intangible assets
Trademarks and trade names	$	30	$	(4)	$	26	$	29	$	(2)	$	27
Reacquired franchise rights	37		(7)		30		32		(4)		28
Customer relationships	21		(4)		17		14		(3)		11
Other intangible assets	3		(1)		2		1		—		1
Total definite-lived intangible assets	$	91	$	(16)	$	75	$	76	$	(9)	$	67