Goodwill and Other Intangible Assets (Notes)

3 Months Ended

Dec. 31, 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 three month period ended December 31, 2018 were as follows (in millions):



			Business Acquisitions		Currency Translation and Other
	September 30,							December 31,
	2018							2018

Building Solutions North America	$	9,603	$	—	$	(31	)	$	9,572
Building Solutions EMEA/LA	1,950		—		(37		)	1,913
Building Solutions Asia Pacific	1,235		—		—			1,235
Global Products	5,593		9		(31		)	5,571
Total	$	18,381	$	9	$	(99	)	$	18,291

At September 30, 2018, 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):



	December 31, 2018							September 30, 2018
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Amortized intangible assets
Technology	$	1,306	$	(279	)	$	1,027	$	1,317	$	(251	)	$	1,066
Customer relationships	2,926		(649		)	2,277		2,941		(599		)	2,342
Miscellaneous	518		(201		)	317		458		(185		)	273
Total amortized intangible assets	4,750		(1,129		)	3,621		4,716		(1,035		)	3,681
Unamortized intangible assets
Trademarks/trade names	2,369		—			2,369		2,386		—			2,386
Miscellaneous	90		—			90		120		—			120
	2,459		—			2,459		2,506		—			2,506
Total intangible assets	$	7,209	$	(1,129	)	$	6,080	$	7,222	$	(1,035	)	$	6,187

Amortization of other intangible assets included within continuing operations for the three month periods ended December 31, 2018 and 2017 was $97 million and $92 million, respectively. Excluding the impact of any future acquisitions, the Company anticipates amortization for fiscal 2020, 2021, 2022, 2023 and 2024 will be approximately $388 million, $385 million, $376 million, $362 million and $348 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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