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Intangible assets and goodwill (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets
Intangible assets are comprised of the following:
 
 
 
 
 
December 31, 2019
(Millions of dollars)
 
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
 
15
 
$
2,450

 
$
(1,406
)
 
$
1,044

Intellectual property
 
12
 
1,510

 
(1,055
)
 
455

Other
 
13
 
191

 
(125
)
 
66

Total finite-lived intangible assets
 
14
 
$
4,151

 
$
(2,586
)
 
$
1,565

 
 
 
 
 
 
 
 
 
 
 
 
 
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

 
 
 
 
 
 
 
 
 
Expected amortization expense related to intangible assets
As of December 31, 2019, amortization expense related to intangible assets is expected to be: 

(Millions of dollars)
2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
$310
 
$292
 
$273
 
$215
 
$158
 
$317
 
 
 
 
 
 
 
 
 
 
 
Goodwill
The changes in carrying amount of goodwill by reportable segment for the years ended December 31, 2019 and 2018 were as follows:

(Millions of dollars)
 
December 31, 2018
 
Acquisitions
 
Other Adjustments 1
 
December 31, 2019
Construction Industries
 
 
 
 
 
 
 
 
Goodwill
 
$
304

 
$
—

 
$
2

 
$
306

Impairments
 
(22
)
 
—

 
—

 
(22
)
Net goodwill
 
282

 
—

 
2

 
284

Resource Industries
 
 
 
 
 
 
 
 
Goodwill
 
4,172

 
—

 
(16
)
 
4,156

Impairments
 
(1,175
)
 
—

 
—

 
(1,175
)
Net goodwill
 
2,997

 
—

 
(16
)
 
2,981

Energy & Transportation
 
 
 
 
 
 
 
 
Goodwill
 
2,882

 
—

 
(7
)
 
2,875

All Other 2
 
 
 
 
 
 
 
 
Goodwill
 
56

 
—

 
—

 
56

Consolidated total
 
 
 
 
 
 
 
 
Goodwill
 
7,414

 
—

 
(21
)
 
7,393

Impairments
 
(1,197
)
 
—

 
—

 
(1,197
)
Net goodwill
 
$
6,217

 
$
—

 
$
(21
)
 
$
6,196

 
 
 
 
 
 
 
 
 
 
 
December 31, 2017
 
Acquisitions
 
Other Adjustments 1
 
December 31, 2018
Construction Industries
 
 
 
 
 
 
 
 
Goodwill
 
$
305

 
$
—

 
$
(1
)
 
$
304

Impairments
 
(22
)
 
—

 
—

 
(22
)
Net goodwill
 
283

 
—

 
(1
)
 
282

Resource Industries
 
 
 
 
 
 
 
 
Goodwill
 
4,232

 
—

 
(60
)
 
4,172

Impairments
 
(1,175
)
 
—

 
—

 
(1,175
)
Net goodwill
 
3,057

 
—

 
(60
)
 
2,997

Energy & Transportation
 
 
 
 
 
 
 
 
Goodwill
 
2,806

 
127

 
(51
)
 
2,882

All Other 2
 
 
 
 
 
 
 
 
Goodwill
 
54

 
—

 
2

 
56

Consolidated total
 
 
 
 
 
 
 
 
Goodwill
 
7,397

 
127

 
(110
)
 
7,414

Impairments
 
(1,197
)
 
—

 
—

 
(1,197
)
Net goodwill
 
$
6,200

 
$
127

 
$
(110
)
 
$
6,217


1 Other adjustments are comprised primarily of foreign currency translation.
2 Includes All Other operating segment (See Note 23).