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Goodwill and Identifiable Intangible Assets (Tables)
3 Months Ended
Mar. 29, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Segment

The table below presents the changes in goodwill by segment for the quarter period ended March 29, 2013.

 

     C3ISR      Electronic
Systems
    P&LS     NSS     Consolidated
Total
 
     (in millions)  

Balance at December 31, 2012

   $ 797       $ 4,804      $ 1,175      $ 968      $ 7,744   

Foreign currency translation adjustments(1)

             (18     (5     (1     (24
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Balance at March 29, 2013

   $   797       $   4,786      $   1,170      $   967      $   7,720   
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

 

(1) 

The decreases in goodwill presented in the Electronic Systems, P&LS and NSS segments were primarily due to the strengthening of the U.S. dollar against the Euro, Canadian dollar and British pound during the quarter ended March 29, 2013.

Identifiable Intangible Assets

Identifiable Intangible Assets. Information on the Company’s identifiable intangible assets that are subject to amortization is presented in the table below.

 

     March 29, 2013      December 31, 2012  
     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

     19       $ 459       $ 232       $ 227       $ 460       $ 225       $ 235   

Technology

     11         164         100         64         164         98         66   

Other

     17         27         14         13         27         14         13   
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     17       $     650       $     346       $     304       $     651       $     337       $     314   
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Amortization Expense

Amortization expense recorded by the Company for its identifiable intangible assets is presented in the table below.

 

     First Quarter Ended  
     March 29,
2013
     March 30,
2012
 

Amortization Expense

   $     9       $     11   
  

 

 

    

 

 

 
Estimated Amortization Expense

Based on gross carrying amounts at March 29, 2013, the Company’s estimate of amortization expense for identifiable intangible assets for the years ending December 31, 2013 through 2017 are presented in the table below.

 

     Year Ending December 31,  
     2013      2014      2015      2016      2017  
     (in millions)  

Estimated amortization expense

   $     38       $     42       $     37       $     31       $     29