Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill at September 30, 2022, by segment, was as follows, in millions:

	Gross Goodwill At September 30, 2022		Accumulated Impairment Losses		Net Goodwill At September 30, 2022
Plumbing Products	$	599	$	(301)	$	298
Decorative Architectural Products	366		(120)		246
Total	$	965	$	(421)	$	544

The changes in the carrying amount of goodwill for the nine months ended September 30, 2022, by segment, were as follows, in millions: 

	Gross Goodwill At December 31, 2021		Accumulated Impairment Losses		Net Goodwill At December 31, 2021		Other (B)		Net Goodwill At September 30, 2022
Plumbing Products (A)	$	623	$	(301)	$	322	$	(24)	$	298
Decorative Architectural Products	366		(120)		246		—		246
Total	$	989	$	(421)	$	568	$	(24)	$	544

(A)     As a result of Hüppe being divested in May 2021, both gross goodwill and accumulated impairment losses for the Plumbing Products segment were reduced by $39 million.

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

The carrying value of our other indefinite-lived intangible assets was $108 million and $109 million at September 30, 2022 and December 31, 2021, respectively, and principally included registered trademarks. The carrying value of our definite-lived intangible assets was $251 million (net of accumulated amortization of $85 million) and $279 million (net of accumulated amortization of $75 million) at September 30, 2022 and December 31, 2021, respectively, and principally included customer relationships.