GOODWILL AND OTHER INTANGIBLE ASSETS (Notes)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

The following table shows changes in the carrying amount of goodwill by reportable segment:

Goodwill	Packaging & Specialty Plastics		Industrial Intermediates & Infrastructure		Performance Materials & Coatings		Total
In millions
Net goodwill at Dec 31, 2020	$	5,115	$	1,100	$	2,693	$	8,908
Foreign currency impact	(4)		(2)		(69)		(75)
Net goodwill at Jun 30, 2021	$	5,111	$	1,098	$	2,624	$	8,833

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

Other Intangible Assets	Jun 30, 2021						Dec 31, 2020
In millions	Gross Carrying Amount		Accum Amort		Net		Gross Carrying Amount		Accum Amort		Net
Intangible assets with finite lives:
Developed technology	$	2,638	$	(1,780)	$	858	$	2,638	$	(1,677)	$	961
Software	1,500		(1,030)		470		1,489		(989)		500
Trademarks/tradenames	352		(344)		8		352		(343)		9
Customer-related	3,253		(1,496)		1,757		3,301		(1,419)		1,882
Total other intangible assets	$	7,743	$	(4,650)	$	3,093	$	7,780	$	(4,428)	$	3,352

The following table provides information regarding amortization expense related to intangible assets:

Amortization Expense	Three Months Ended				Six Months Ended
In millions	Jun 30, 2021		Jun 30, 2020		Jun 30, 2021		Jun 30, 2020
Other intangible assets, excluding software	$	100	$	100	$	201	$	200
Software, included in “Cost of sales”	$	23	$	24	$	45	$	48

Total estimated amortization expense for 2021 and the five succeeding fiscal years, including amounts expected to be capitalized, is as follows:

Estimated Amortization Expense
In millions
2021	$	477
2022	$	414
2023	$	381
2024	$	362
2025	$	270
2026	$	198