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Goodwill and other intangible assets (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Reconciliation of the change in goodwill

Reconciliations of the changes in the carrying value of goodwill for the first six months of 2021 and for the year ended December 31, 2020 follow (in millions).

 

 

 

June 30,

2021

 

 

December 31,

2020

 

Balance at beginning of year

 

$

73,734

 

 

$

81,882

 

Acquisitions of businesses

 

 

25

 

 

 

1,758

 

Impairment charges

 

 

 

 

 

(10,033

)

Other, including foreign currency translation

 

 

(1

)

 

 

127

 

Balance at end of period*

 

$

73,758

 

 

$

73,734

 

 

*

Net of accumulated goodwill impairments of $11.0 billion as of June 30, 2021 and December 31, 2020.

Schedule of intangible assets

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

 

 

 

June 30, 2021

 

 

December 31, 2020

 

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

Insurance and other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

27,310

 

 

$

6,113

 

 

$

27,374

 

 

$

5,756

 

Trademarks and trade names

 

 

5,176

 

 

 

790

 

 

 

5,206

 

 

 

779

 

Patents and technology

 

 

4,667

 

 

 

3,314

 

 

 

4,766

 

 

 

3,313

 

Other

 

 

3,328

 

 

 

1,411

 

 

 

3,339

 

 

 

1,375

 

 

 

$

40,481

 

 

$

11,628

 

 

$

40,685

 

 

$

11,223

 

Railroad, utilities and energy:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

678

 

 

$

380

 

 

$

678

 

 

$

361

 

Trademarks, trade names and other

 

 

1,003

 

 

 

121

 

 

 

1,003

 

 

 

98

 

 

 

$

1,681

 

 

$

501

 

 

$

1,681

 

 

$

459