GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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9 Months Ended |
Sep. 30, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill |
The changes in the carrying amounts of goodwill during the nine months ended September 30, 2024 were as follows: | | | | | | | | | | | | | | | | In millions | Electronics & Industrial | Water & Protection | Corporate & Other | Total | | Balance at December 31, 2023 | $ | 10,205 | | $ | 5,900 | | $ | 615 | | $ | 16,720 | | Goodwill recognized for Donatelle Plastics Acquisition 1 | 114 | | — | | — | | 114 | | Goodwill recognized for Spectrum Acquisition 2 | (4) | | — | | — | | (4) | | | Currency translation adjustment | 21 | | 13 | | — | | 34 | | | Other | 4 | | — | | — | | 4 | | Balance at September 30, 2024 | $ | 10,340 | | $ | 5,913 | | $ | 615 | | $ | 16,868 | |
1.On July 28, 2024, DuPont completed the acquisition of Donatelle Plastics, which is included in the Electronics & Industrial segment. See Note 3 for additional information. 2.In the third quarter 2024, the Company finalized the working capital settlements which impacted the residual goodwill recorded. See Note 4 for additional information.
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| Schedule of Other Finite Intangible Assets |
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | December 31, 2023 | | In millions | Gross Carrying Amount | Accum Amort | Net | Gross Carrying Amount | Accum Amort | Net | | Intangible assets with finite lives: | | | | | | | | Developed technology | $ | 2,131 | | $ | (1,233) | | $ | 898 | | $ | 2,079 | | $ | (1,092) | | $ | 987 | | | Trademarks/tradenames | 928 | | (463) | | 465 | | 924 | | (414) | | 510 | | | Customer-related | 5,984 | | (2,600) | | 3,384 | | 5,815 | | (2,329) | | 3,486 | | | Other | 29 | | (1) | | 28 | | 28 | | (1) | | 27 | | | Total other intangible assets with finite lives | $ | 9,072 | | $ | (4,297) | | $ | 4,775 | | $ | 8,846 | | $ | (3,836) | | $ | 5,010 | | | Intangible assets with indefinite lives: | | | | | | | | Trademarks/tradenames | 804 | | — | | 804 | | 804 | | — | | 804 | | | Total other intangible assets | $ | 804 | | $ | — | | $ | 804 | | $ | 804 | | $ | — | | $ | 804 | | | Total | $ | 9,876 | | $ | (4,297) | | $ | 5,579 | | $ | 9,650 | | $ | (3,836) | | $ | 5,814 | |
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| Schedule of Other Indefinite Intangible Assets |
The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | December 31, 2023 | | In millions | Gross Carrying Amount | Accum Amort | Net | Gross Carrying Amount | Accum Amort | Net | | Intangible assets with finite lives: | | | | | | | | Developed technology | $ | 2,131 | | $ | (1,233) | | $ | 898 | | $ | 2,079 | | $ | (1,092) | | $ | 987 | | | Trademarks/tradenames | 928 | | (463) | | 465 | | 924 | | (414) | | 510 | | | Customer-related | 5,984 | | (2,600) | | 3,384 | | 5,815 | | (2,329) | | 3,486 | | | Other | 29 | | (1) | | 28 | | 28 | | (1) | | 27 | | | Total other intangible assets with finite lives | $ | 9,072 | | $ | (4,297) | | $ | 4,775 | | $ | 8,846 | | $ | (3,836) | | $ | 5,010 | | | Intangible assets with indefinite lives: | | | | | | | | Trademarks/tradenames | 804 | | — | | 804 | | 804 | | — | | 804 | | | Total other intangible assets | $ | 804 | | $ | — | | $ | 804 | | $ | 804 | | $ | — | | $ | 804 | | | Total | $ | 9,876 | | $ | (4,297) | | $ | 5,579 | | $ | 9,650 | | $ | (3,836) | | $ | 5,814 | |
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| Schedule of Net Intangibles by Segment |
The following table provides the net carrying value of other intangible assets by segment: | | | | | | | | | | Net Intangibles by Segment | September 30, 2024 | December 31, 2023 | | In millions | | Electronics & Industrial | $ | 3,467 | | $ | 3,521 | | | Water & Protection | 2,032 | | 2,206 | | | Corporate & Other | 80 | | 87 | | | Total | $ | 5,579 | | $ | 5,814 | |
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| Schedule of Estimated Future Amortization Expense |
Total estimated amortization expense for the remainder of 2024 and the five succeeding fiscal years is as follows: | | | | | | | Estimated Amortization Expense | | | In millions | | | Remainder of 2024 | $ | 148 | | | 2025 | $ | 559 | | | 2026 | $ | 531 | | | 2027 | $ | 483 | | | 2028 | $ | 430 | | | 2029 | $ | 373 | |
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