GOODWILL AND OTHER INTANGIBLE ASSETS (Notes)

9 Months Ended

Sep. 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	(7)		(3)		(97)		(107)
Net goodwill at Sep 30, 2021	$	5,108	$	1,097	$	2,596	$	8,801

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

Other Intangible Assets	Sep 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	$	2,637	$	(1,833)	$	804	$	2,638	$	(1,677)	$	961
Software	1,494		(1,042)		452		1,489		(989)		500
Trademarks/tradenames	352		(344)		8		352		(343)		9
Customer-related	3,226		(1,528)		1,698		3,301		(1,419)		1,882
Total other intangible assets	$	7,709	$	(4,747)	$	2,962	$	7,780	$	(4,428)	$	3,352

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

Amortization Expense	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2021		Sep 30, 2020		Sep 30, 2021		Sep 30, 2020
Other intangible assets, excluding software	$	100	$	100	$	301	$	300
Software, included in “Cost of sales”	$	22	$	24	$	67	$	72

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	$	475
2022	$	410
2023	$	377
2024	$	359
2025	$	268
2026	$	194