Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

The changes in the carrying amount of goodwill for the three-month period ended March 31, 2021, by segment, were as follows, in millions: 

	Gross Goodwill At March 31, 2021		Accumulated Impairment Losses		Net Goodwill At March 31, 2021
Plumbing Products (A)	$	598	$	(301)	$	297
Decorative Architectural Products	366		(75)		291
Total	$	964	$	(376)	$	588

(A)    As a result of Hüppe being considered held for sale, both gross goodwill and accumulated impairment losses for the Plumbing Products segment were reduced by $39 million.

	Gross Goodwill At December 31, 2020		Accumulated Impairment Losses		Net Goodwill At December 31, 2020		Acquisitions		Other (B)		Net Goodwill At March 31, 2021
Plumbing Products	$	613	$	(340)	$	273	$	34	$	(10)	$	297
Decorative Architectural Products	365		(75)		290		1		—		291
Total	$	978	$	(415)	$	563	$	35	$	(10)	$	588

(B)    Other consists of the effect of foreign currency translation.

The carrying value of our other indefinite-lived intangible assets was $109 million at both March 31, 2021 and December 31, 2020 and principally included registered trademarks. The carrying value of our definite-lived intangible assets was $269 million (net of accumulated amortization of $79 million) and $248 million (net of accumulated amortization of $73 million) at March 31, 2021 and December 31, 2020, respectively, and principally included customer relationships. The increase in our definite-lived intangible assets is primarily a result of our acquisition of ESS.