Goodwill and Other Intangible Assets (Notes)

9 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the nine month period ended June 30, 2018 were as follows (in millions):



			Business Acquisitions		Business Divestitures			Currency Translation and Other
	September 30,										June 30,
	2017										2018

Building Technologies & Solutions
Building Solutions North America	$	9,637	$	—	$	—		$	(45	)	$	9,592
Building Solutions EMEA/LA	2,012		—		—			(53		)	1,959
Building Solutions Asia Pacific	1,255		—		—			2			1,257
Global Products	5,687		12		(20		)	(70		)	5,609
Power Solutions	1,097		—		—			(2		)	1,095
Total	$	19,688	$	12	$	(20	)	$	(168	)	$	19,512

At September 30, 2017, accumulated goodwill impairment charges included $47 million related to the Building Solutions EMEA/LA - Latin America reporting unit.

The Company’s other intangible assets, primarily from business acquisitions valued based on independent appraisals, consisted of (in millions):



	June 30, 2018							September 30, 2017
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Amortized intangible assets
Technology	$	1,326	$	(233	)	$	1,093	$	1,328	$	(137	)	$	1,191
Customer relationships	3,091		(605		)	2,486		3,168		(486		)	2,682
Miscellaneous	457		(181		)	276		389		(147		)	242
Total amortized intangible assets	4,874		(1,019		)	3,855		4,885		(770		)	4,115
Unamortized intangible assets
Trademarks/trade names	2,447		—			2,447		2,483		—			2,483
Miscellaneous	122		—			122		143		—			143
	2,569		—			2,569		2,626		—			2,626
Total intangible assets	$	7,443	$	(1,019	)	$	6,424	$	7,511	$	(770	)	$	6,741

Amortization of other intangible assets included within continuing operations for the three month periods ended June 30, 2018 and 2017 was $100 million and $108 million, respectively. Amortization of other intangible assets included within continuing operations for the nine month periods ended June 30, 2018 and 2017 was $288 million and $383 million, respectively. Excluding the impact of any future acquisitions, the Company anticipates amortization for fiscal 2019, 2020, 2021, 2022 and 2023 will be approximately $388 million, $380 million, $371 million, $365 million and $344 million per year, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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