Goodwill and Other Intangible Assets
Changes in the carrying amount of goodwill attributable to each reportable segment were as follows:
| | | | | | | | | | | | | | | | | | | | |
| ($ in millions) | | Global Flexible Packaging Solutions Segment | | Global Rigid Packaging Solutions Segment | | Total |
| Balance as of June 30, 2023 | | $ | 4,391 | | | $ | 975 | | | $ | 5,366 | |
| Acquisitions and acquisition adjustments (1) | | 1 | | | — | | | 1 | |
| Disposals (1) | | — | | | — | | | — | |
| Foreign currency translation | | (19) | | | (3) | | | (22) | |
| Balance as of June 30, 2024 | | 4,373 | | | 972 | | | 5,345 | |
| Acquisitions and acquisition adjustments (1) | | 1,657 | | | 4,202 | | | 5,859 | |
| Disposals (1) | | (1) | | | (30) | | | (31) | |
| | | | | | |
| Foreign currency translation | | 57 | | | 46 | | | 103 | |
| Balance as of June 30, 2025 | | $ | 6,086 | | | $ | 5,190 | | | $ | 11,276 | |
(1) Acquisitions and acquisition adjustments and disposals are detailed in Note 4, "Acquisitions and Divestitures."
Other Intangible Assets, Net
Other intangible assets, net were comprised of the following:
| | | | | | | | | | | | | | | | | | | | |
| | | June 30, 2025 |
| ($ in millions) | | Gross Carrying Amount | | Accumulated Amortization and Impairment (1) | | Net Carrying Amount |
| Customer relationships | | $ | 7,530 | | | $ | (1,020) | | | $ | 6,510 | |
| Computer software | | 316 | | | (214) | | | 102 | |
| Other | | 1,079 | | | (288) | | | 791 | |
| Total other intangible assets | | $ | 8,925 | | | $ | (1,522) | | | $ | 7,403 | |
| | | | | | | | | | | | | | | | | | | | |
| | | June 30, 2024 |
| ($ in millions) | | Gross Carrying Amount | | Accumulated Amortization and Impairment (1) | | Net Carrying Amount |
| Customer relationships | | $ | 1,999 | | | $ | (791) | | | $ | 1,208 | |
| Computer software | | 272 | | | (182) | | | 90 | |
| Other (2) | | 334 | | | (241) | | | 93 | |
| Total other intangible assets | | $ | 2,605 | | | $ | (1,214) | | | $ | 1,391 | |
(1)Accumulated amortization and impairment as of June 30, 2025, and 2024, included $39 million and $34 million, respectively, of accumulated impairment in the Other category. In addition, June 30, 2025, and 2024 included $13 million and $5 million, respectively, of accumulated impairment in the Computer software category.
(2)As of June 30, 2024, Other included $17 million of acquired intellectual property assets not yet being amortized as the related R&D projects have not yet been completed.
Amortization expenses for intangible assets were $263 million, $181 million, and $174 million during the fiscal years 2025, 2024, and 2023, respectively. Amortization expense on intangible assets acquired in business combinations is recorded within amortization of acquired intangible assets in the consolidated statements of the income. The remaining amortization is recorded within selling, general, and administrative expenses in the consolidated statements of income. During the fiscal year 2025, the Company recorded an impairment charge of $7 million in the Computer software category. In fiscal years 2024 and 2023 there were no impairment charges recorded on intangible assets.
Estimated future amortization expense for intangible assets is as follows:
| | | | | | | | |
| ($ in millions) | | Amortization |
| Fiscal year 2026 | | $ | 705 | |
| Fiscal year 2027 | | 689 |
| Fiscal year 2028 | | 687 |
| Fiscal year 2029 | | 681 |
| Fiscal year 2030 | | 676 |