XML 25 R14.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Other Intangible Assets (Notes)
 3 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and Other Intangible Assets
Effective October 1, 2021, the Company's marine businesses previously included in the Building Solutions Asia Pacific and Global Products reportable segments are now part of the Building Solutions EMEA/LA reportable segment. Historical information has been re-cast to present the comparative periods on a consistent basis. This change was not material to the segment presentation or the allocation of goodwill.

The changes in the carrying amount of goodwill in each of the Company’s reportable segments for the three-month period ended December 31, 2021 were as follows (in millions):
Business AcquisitionsBusiness DivestituresCurrency Translation and Other
September 30,December 31,
20212021
Building Solutions North America$9,215 $20 $— $1 $9,236 
Building Solutions EMEA/LA2,041 27 (5)(29)2,034 
Building Solutions Asia Pacific1,237 45 — 4 1,286 
Global Products5,842 10 — (22)5,830 
Total$18,335 $102 $(5)$(46)$18,386 

At September 30, 2021 and December 31, 2021, accumulated goodwill impairment charges totaled $471 million, of which $424 million related to the North America Retail reporting unit and $47 million related to the Building Solutions EMEA/LA - Building Solutions reporting unit.

The Company reviews goodwill for impairment during the fourth fiscal quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. There were no triggering events requiring that an impairment assessment be conducted in the three-month period ended December 31, 2021. However, it is possible that future changes in circumstances would require the Company to record additional non-cash impairment charges.
The Company’s other intangible assets, primarily from business acquisitions valued based on independent appraisals, consisted of (in millions):
 December 31, 2021September 30, 2021
 Gross
Carrying
Amount		Accumulated
Amortization		NetGross
Carrying
Amount		Accumulated
Amortization		Net
Definite-lived intangible assets
Technology$1,505 $(661)$844 $1,464 $(629)$835 
Customer relationships3,105 (1,244)1,861 3,097 (1,191)1,906 
Miscellaneous772 (377)395 750 (354)396 
5,382 (2,282)3,100 5,311 (2,174)3,137 
Indefinite-lived intangible assets
Trademarks/trade names2,325 — 2,325 2,332 — 2,332 
Miscellaneous80 — 80 80 — 80 
2,405 — 2,405 2,412 — 2,412 
Total intangible assets$7,787 $(2,282)$5,505 $7,723 $(2,174)$5,549 

Amortization of other intangible assets included within continuing operations for the three-month periods ended December 31, 2021 and 2020 was $118 million and $104 million, respectively.

The Company reviews indefinite-lived intangible assets for impairment during the fourth fiscal quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. There were no triggering events requiring that an impairment assessment be conducted in the three-month period ended December 31, 2021. However, it is possible that future changes in circumstances would require the Company to record additional non-cash impairment charges.