Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2017

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, 2017:



	General rentals			Trench, power and pump			Total
Balance at January 1, 2015 (1)	$	2,804		$	468		$	3,272
Goodwill related to acquisitions (2)	16			—			16
Foreign currency translation and other adjustments	(34		)	(11		)	(45		)
Balance at December 31, 2015 (1)	2,786			457			3,243
Goodwill related to acquisitions (2)	5			4			9
Foreign currency translation and other adjustments	6			2			8
Balance at December 31, 2016 (1)	2,797			463			3,260
Goodwill related to acquisitions (2) (3)	797			8			805
Foreign currency translation and other adjustments	13			4			17
Balance at December 31, 2017 (1)	$	3,607		$	475		$	4,082

_________________


(1)	The total carrying amount of goodwill for all periods in the table above is reflected net of $1.557 billion 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.


(3)	For additional detail on the acquisitions of NES and Neff in April 2017 and October 2017, respectively, which accounted for most of the 2017 goodwill related to acquisitions, see note 3 to our consolidated financial statements.

Other intangible assets were comprised of the following at December 31, 2017 and 2016:



	December 31, 2017
	Weighted-Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Amount
Non-compete agreements	31 months	$	71	$	62	$	9
Customer relationships	9 years	$	1,750	$	884	$	866



	December 31, 2016
	Weighted-Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Amount
Non-compete agreements	28 months	$	70	$	57	$	13
Customer relationships	10 years	$	1,465	$	737	$	728
Trade names and associated trademarks	4 months	$	80	$	79	$	1

Our other intangibles assets, net at December 31, 2017 include the following assets associated with the acquisitions of NES and Neff discussed in note 3 to our consolidated financial statements. No residual value has been assigned to these assets which are being amortized using the sum of the years' digits method, which we believe best reflects the estimated pattern in which the economic benefits will be consumed.

Amortization expense for other intangible assets was $173, $174 and $193 for the years ended December 31, 2017, 2016 and 2015, respectively.

As of December 31, 2017, estimated amortization expense for other intangible assets for each of the next five years and thereafter was as follows:



2018	$	179
2019	158
2020	136
2021	115
2022	94
Thereafter	193
Total	$	875

- 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.

+ References + Details

December 31, 2017

Weighted-Average Remaining
Amortization Period

Net Carrying
Amount

Customer relationships-NES

Customer relationships-Neff