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Goodwill And Acquired Intangibles
12 Months Ended
Dec. 31, 2011
Goodwill And Acquired Intangibles [Abstract]  
Goodwill And Acquired Intangibles

Note 3 – Goodwill and Acquired Intangibles

Changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2011, 2010 and 2009 were as follows:

 

      Commercial
Airplanes
    Boeing
Military
Aircraft
     Network
& Space
Systems
    Global
Services
& Support
     Total  

Balance at January 1, 2009

     $1,449      $ 848       $ 1,084        $266         $3,647   

Vought acquisition

     606                606   

Goodwill adjustments

     28                 18        20         66   

Balance at December 31, 2009

   $ 2,083      $ 848       $ 1,102      $ 286       $ 4,319   

Argon acquisition

       193         345        11         549   

Other acquisitions

     18           14        4         36   

Goodwill adjustments

     9                         24         33   

Balance at December 31, 2010

   $ 2,110      $ 1,041       $ 1,461      $ 325       $ 4,937   

Acquisitions

          16           16   

Goodwill adjustments

     (4              (4              (8

Balance at December 31, 2011

   $ 2,106      $ 1,041       $ 1,473      $ 325       $ 4,945   

 

 

As of December 31, 2011 and 2010, we had indefinite-lived intangible assets with carrying amounts of $497 and $499 relating to tradenames.

The gross carrying amounts and accumulated amortization of our acquired finite-lived intangible assets were as follows at December 31:

 

     2011      2010  
      Gross
Carrying
Amount
     Accumulated
Amortization
     Gross
Carrying
Amount
     Accumulated
Amortization
 

Distribution rights

   $ 1,915       $ 295       $ 1,661       $ 211   

Product know-how

     507         144         499         116   

Customer base

     606         253         603         208   

Developed technology

     833         684         834         653   

Other

     195         133         193         122   

Total

   $ 4,056       $ 1,509       $ 3,790       $ 1,310   

 

 

Amortization expense for acquired finite-lived intangible assets for the years ended December 31, 2011 and 2010 was $203 and $217. Estimated amortization expense for the five succeeding years is as follows: 2012 – $209; 2013 – $189; 2014 – $183; 2015 – $171 and 2016 – $155.

Non-cash investing and financing transactions related to acquired finite-lived intangibles during 2011 and 2010 were $256 and $62. Total acquired finite-lived intangibles of $335 and $529 remain unpaid as of December 31, 2011 and 2010.