Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the changes in the carrying amount of goodwill for each of the three years in the period ended December 31, 2013:



	General rentals			Trench safety, power and HVAC			Total
Balance at January 1, 2011 (1)	$	105		$	93		$	198
Goodwill related to acquisitions	65			31			96
Foreign currency translation and other adjustments	(3		)	(2		)	(5		)
Balance at December 31, 2011 (1)	167			122			289
Goodwill related to acquisitions (2)	2,661			20			2,681
Balance at December 31, 2012 (1)	2,828			142			2,970
Foreign currency translation and other adjustments	(16		)	(1		)	(17		)
Balance at December 31, 2013 (1)	$	2,812		$	141		$	2,953

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(1)	The total carrying amount of goodwill for all periods in the table above is reflected net of $1,557 of accumulated impairment charges, which were primarily recorded in our general rentals segment.


(2)	Includes goodwill adjustments for the effect on goodwill of changes to net assets acquired during the measurement period, which were not significant to our previously reported operating results or financial condition.

Other intangible assets were comprised of the following at December 31, 2013 and 2012:



	December 31, 2013
	Weighted-Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Amount
Non-compete agreements	40 months	$	54	$	18	$	36
Customer relationships	13 years	$	1,227	$	285	$	942
Trade names and associated trademarks	40 months	$	81	$	41	$	40



	December 31, 2012
	Weighted-Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Amount
Non-compete agreements	51 months	$	56	$	9	$	47
Customer relationships	14 years	$	1,233	$	144	$	1,089
Trade names and associated trademarks	52 months	$	82	$	18	$	64

Amortization expense for other intangible assets was $178, $128 and $8 for the years ended December 31, 2013, 2012 and 2011, respectively. The 2013 and 2012 increases as compared to 2011 primarily reflect the 2012 acquisition of RSC discussed in note 3 to our consolidated financial statements.

As of December 31, 2013, estimated amortization expense for other intangible assets for each of the next five years and thereafter is as follows:



2014	$	161
2015	146
2016	131
2017	107
2018	90
Thereafter	383
Total	$	1,018

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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