GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

F. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill at September 30, 2023, by segment, was as follows, in millions:

	Gross Goodwill At September 30, 2023		Accumulated Impairment Losses		Net Goodwill At September 30, 2023
Plumbing Products	$	667	$	(301)	$	366
Decorative Architectural Products	366		(139)		227
Total	$	1,033	$	(440)	$	593

The changes in the carrying amount of goodwill for the nine months ended September 30, 2023, by segment, were as follows, in millions:

	Gross Goodwill At December 31, 2022		Accumulated Impairment Losses		Net Goodwill At December 31, 2022		Acquisitions (A)		Foreign Currency Translation		Net Goodwill At September 30, 2023
Plumbing Products	$	611	$	(301)	$	310	$	60	$	(4)	$	366
Decorative Architectural Products	366		(139)		227		—		—		227
Total	$	977	$	(440)	$	537	$	60	$	(4)	$	593

(A)    In the third quarter of 2023, we acquired Sauna360. Refer to Note B for additional information.

F. GOODWILL AND OTHER INTANGIBLE ASSETS (Concluded)

The carrying value of our other indefinite-lived intangible assets were $123 million and $102 million at September 30, 2023 and December 31, 2022, respectively, and principally included registered trademarks. The carrying value of our definite-lived intangible assets was $272 million (net of accumulated amortization of $110 million) at September 30, 2023 and $248 million (net of accumulated amortization of $94 million) at December 31, 2022, and principally included customer relationships. The increase in our indefinite-lived and definite-lived intangible assets is primarily a result of our acquisition of Sauna360.