Goodwill and Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 29, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The table below presents the changes in goodwill allocated to the Company’s reporting units in each reportable segment.



	ISRS			C&NS			Electronic Systems			Consolidated Total
	(in millions)
Goodwill	$	2,660		$	2,004		$	2,248		$	6,912
Accumulated impairment losses	(46		)	(15		)	(43		)	(104		)
December 31, 2018	2,614			1,989			2,205			6,808
Business acquisitions ⁽¹⁾	—			2			—			2
Foreign currency translation adjustments	4			3			9			16
March 29, 2019	2,618			1,994			2,214			6,826
Goodwill	2,664			2,009			2,257			6,930
Accumulated impairment losses	(46		)	(15		)	(43		)	(104		)
	$	2,618		$	1,994		$	2,214		$	6,826

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⁽¹⁾	The increase for the C&NS segment was due to the purchase price allocation adjustment for the ASV Global business acquisition.

Identifiable Intangible Assets

The table below presents information for the Company’s identifiable intangible assets that are subject to amortization and indefinite-lived intangible assets.



		March 29, 2019						December 31, 2018
	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in years)	(in millions)
Customer contractual relationships	17	$	468	$	295	$	173	$	468	$	288	$	180
Technology	10	245		137		108		245		132		113
Other	12	49		18		31		49		18		31
Total subject to amortization		762		450		312		762		438		324
IPR&D	indefinite	66		—		66		66		—		66
Total		$	828	$	450	$	378	$	828	$	438	$	390

Amortization Expense

The table below presents amortization expense recorded by the Company for its identifiable intangible assets.



	First Quarter Ended
	March 29, 2019		March 30, 2018
	(in millions)
Amortization expense	$	12	$	11

Estimated Amortization Expense

Based on gross carrying amounts at March 29, 2019, the Company’s estimate of amortization expense for identifiable intangible assets for the years ending December 31, 2019 through 2023 is presented in the table below.



	Year Ending December 31,
	2019		2020		2021		2022		2023
	(in millions)
Estimated amortization expense	$	51	$	47	$	42	$	37	$	28