XML 44 R33.htm IDEA: XBRL DOCUMENT v3.23.3
Goodwill and Other Intangible Assets, Net (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill by Reportable Business Segment
Goodwill activity for the nine months ended September 30, 2023 is as follows (in millions):
Segments
Net Book Value at December 31, 2022
Impairment Charges
Foreign
Exchange
Gross
Carrying
Amount
Accumulated
Impairment
Charges
Net Book Value at
September 30, 2023
Home and Commercial Solutions$747 $— $— $4,052 $(3,305)$747 
Learning and Development2,551 (241)(8)3,389 (1,087)2,302 
Outdoor and Recreation— — — 788 (788)— 
$3,298 $(241)$(8)$8,229 $(5,180)$3,049 
Schedule of Other Intangible Assets, Net
Other intangible assets, net, are comprised of the following (in millions):
September 30, 2023December 31, 2022
Gross
Carrying
Amount
Accumulated Amortization
Net Book
Value
Gross
Carrying
Amount
Accumulated
Amortization
Net Book
Value
Tradenames — indefinite life (1)
$1,581 $— $1,581 $1,689 $— $1,689 
Tradenames — other (1)
230 (97)133 160 (79)81 
Capitalized software619 (504)115 602 (481)121 
Patents and intellectual property22 (18)22 (17)
Customer relationships and distributor channels1,073 (356)717 1,072 (319)753 
$3,525 $(975)$2,550 $3,545 $(896)$2,649 
(1)In connection with the operating model changes associated with Project Phoenix, the Company determined that six tradenames with aggregate carrying values of $70 million no longer met indefinite-lived criteria and were reclassified during the first quarter as finite-lived tradenames, with useful lives ranging from five to ten years.