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Intangible Assets and Goodwill
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill    Intangible assets and goodwill
 
A.  Intangible assets
 
Intangible assets are comprised of the following:
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2019
(Millions of dollars)
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
15
 
$
2,426

 
$
(1,352
)
 
$
1,074

Intellectual property
12
 
1,500

 
(1,015
)
 
485

Other
13
 
190

 
(119
)
 
71

Total finite-lived intangible assets
14
 
$
4,116

 
$
(2,486
)
 
$
1,630

 
 
 
December 31, 2018
 
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
15
 
$
2,463

 
$
(1,249
)
 
$
1,214

Intellectual property
11
 
1,557

 
(965
)
 
592

Other
13
 
199

 
(108
)
 
91

Total finite-lived intangible assets
14
 
$
4,219

 
$
(2,322
)
 
$
1,897

 
 
 
 
 
 
 
 


Amortization expense for the three and nine months ended September 30, 2019 was $81 million and $244 million, respectively. Amortization expense for the three and nine months ended September 30, 2018 was $82 million and $248 million, respectively. Amortization expense related to intangible assets is expected to be:

(Millions of dollars)
 
 
 
 
 
 
 
 
 
 
 
Remaining Three Months of 2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
$80
 
$307
 
$289
 
$271
 
$214
 
$469
 
 
 
 
 
 
 
 
 
 
 
 
B.  Goodwill
 
No goodwill was impaired during the nine months ended September 30, 2019 or 2018.


 
The changes in carrying amount of goodwill by reportable segment for the nine months ended September 30, 2019 were as follows: 

 
 
 
 
 
 
 
(Millions of dollars)
 
December 31,
2018
 
Other Adjustments 1
 
September 30,
2019
Construction Industries
 
 
 
 
 


Goodwill
 
$
304

 
$
2

 
$
306

Impairments
 
(22
)
 
—

 
(22
)
Net goodwill
 
282

 
2

 
284

Resource Industries
 
 
 
 
 
 
Goodwill
 
4,172

 
(50
)
 
4,122

Impairments
 
(1,175
)
 
—

 
(1,175
)
Net goodwill
 
2,997

 
(50
)
 
2,947

Energy & Transportation
 
 
 
 
 
 
Goodwill
 
2,882

 
(28
)
 
2,854

All Other 2
 
 
 
 
 
 
Goodwill
 
56

 
1

 
57

Consolidated total
 
 
 
 
 
 
Goodwill
 
7,414

 
(75
)
 
7,339

Impairments
 
(1,197
)
 
—

 
(1,197
)
Net goodwill
 
$
6,217

 
$
(75
)
 
$
6,142



1 Other adjustments are comprised primarily of foreign currency translation.
2 Includes All Other operating segment (See Note 16).