Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table presents the changes in the carrying amount of goodwill, by reportable segment:



	Year Ended December 31,
	Technology			Services			Other		Total
Balance at December 31, 2008	$	2,246		$	929		$	7	$	3,182
Foreign currency translation	61			60			1		122
Acquisitions:
ComDoc	106			—			—		106
Other	12			—			—		12
Balance at December 31, 2009	$	2,425		$	989		$	8	$	3,422
Foreign currency translation	(25		)	(22		)	—		(47		)
Acquisitions:
ACS	—			5,127			—		5,127
EHRO	—			77			—		77
TMS	—			35			—		35
IBS	14			—			—		14
Other	11			10			—		21
Balance at December 31, 2010	$	2,425		$	6,216		$	8	$	8,649
Foreign currency translation	(6		)	(28		)	—		(34		)
Acquisitions:
Unamic/HCN	—			43			—		43
Breakaway	—			33			—		33
ESM	—			28			—		28
Concept Group	26			—			—		26
MBM	20			—			—		20
Other	17			21			—		38
Balance at December 31, 2011	$	2,482		$	6,313		$	8	$	8,803

Intangible Assets, Net

Intangible assets primarily relate to the Services operating segment. Intangible assets were comprised of the following:



		December 31, 2011						December 31, 2010
	Weighted Average Amortization Years	Gross Carrying Amount		Accumulated Amortization		Net Amount		Gross Carrying Amount		Accumulated Amortization		Net Amount
Customer base	12	$	3,522	$	751	$	2,771	$	3,487	$	464	$	3,023
Distribution network	25	123		59		64		123		54		69
Trademarks⁽¹⁾	20	238		47		191		325		59		266
Technology, patents and non-compete⁽¹⁾	4	29		13		16		47		34		13
Total Intangible Assets		$	3,912	$	870	$	3,042	$	3,982	$	611	$	3,371


(1)	Includes $10 and $5 of indefinite-lived assets within trademarks and technology, respectively, related to the 2010 acquisition of ACS.

Amortization expense related to intangible assets was $401, $316, and $64 for the years ended December 31, 2011, 2010 and 2009, respectively. Amortization expense for 2011 includes $52 for the accelerated write-off of the ACS trade name as a result of the fourth quarter 2011 decision to discontinue its use and transition our services business to the “Xerox Services” trade name.

Excluding the impact of additional acquisitions, amortization expense is expected to approximate $329 in 2012, $328 in 2013, $326 in 2014, $324 in 2015 and $324 in 2016.

- 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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