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Goodwill and other intangible assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other intangible assets

Note 13. Goodwill and other intangible assets

Reconciliations of the changes in the carrying value of goodwill during 2019 and 2018 follows (in millions).

 

     March 31,
2019
   December 31,
2018

Balance at beginning of year

    $  81,025       $  81,258  

Acquisitions of businesses

     159        376  

Other, including foreign currency translation

     36        (609
  

 

 

 

  

 

 

 

Balance at end of period

    $ 81,220       $ 81,025  
  

 

 

 

  

 

 

 

Our other intangible assets and related accumulated amortization are summarized as follows (in millions).

 

     March 31, 2019    December 31, 2018
       Gross carrying  
amount
     Accumulated  
amortization
     Gross carrying  
amount
     Accumulated  
amortization

Insurance and other

    $  40,553     $  9,287     $  40,493     $  8,994  

Railroad, utilities and energy

     1,011      373      1,011      362  
  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

    $  41,564     $  9,660     $  41,504     $ 9,356  
  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Trademarks and trade names

    $ 5,367     $ 757     $ 5,368     $ 750  

Patents and technology

     4,472      2,862      4,446      2,790  

Customer relationships

     28,426      4,782      28,375      4,573  

Other

     3,299      1,259      3,315      1,243  
  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

    $  41,564     $  9,660     $  41,504     $ 9,356  
  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Intangible asset amortization expense in the first quarter was $333 million in 2019 and $352 million in 2018. Intangible assets with indefinite lives as of March 31, 2019 and December 31, 2018 were $18.9 billion and primarily related to certain customer relationships and trademarks and trade names.