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Intangible Assets and Goodwill
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill    Intangible assets and goodwill
 
A.  Intangible assets
 
Intangible assets are comprised of the following:
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2020
(Millions of dollars)
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
15
 
$
2,402

 
$
(1,421
)
 
$
981

Intellectual property
12
 
1,488

 
(1,050
)
 
438

Other
13
 
186

 
(127
)
 
59

Total finite-lived intangible assets
14
 
$
4,076

 
$
(2,598
)
 
$
1,478

 
 
 
December 31, 2019
 
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

 
 
 
 
 
 
 
 


Amortization expense for the three months ended March 31, 2020 and 2019 was $80 million and $82 million, respectively. Amortization expense related to intangible assets is expected to be:

(Millions of dollars)
 
 
 
 
 
 
 
 
 
 
 
Remaining Nine Months of 2020
 
2021
 
2022
 
2023
 
2024
 
Thereafter
$226
 
$288
 
$271
 
$214
 
$157
 
$322
 
 
 
 
 
 
 
 
 
 
 
 
B.  Goodwill
 
No goodwill was impaired during the three months ended March 31, 2020 or 2019.


 
The changes in carrying amount of goodwill by reportable segment for the three months ended March 31, 2020 were as follows: 

 
 
 
 
 
 
 
(Millions of dollars)
 
December 31,
2019
 
Other Adjustments 1
 
March 31,
2020
Construction Industries
 
 
 
 
 


Goodwill
 
$
306

 
$
(1
)
 
$
305

Impairments
 
(22
)
 
—

 
(22
)
Net goodwill
 
284

 
(1
)
 
283

Resource Industries
 
 
 
 
 
 
Goodwill
 
4,156

 
(38
)
 
4,118

Impairments
 
(1,175
)
 
—

 
(1,175
)
Net goodwill
 
2,981

 
(38
)
 
2,943

Energy & Transportation
 
 
 
 
 
 
Goodwill
 
2,875

 
(17
)
 
2,858

All Other 2
 
 
 
 
 
 
Goodwill
 
56

 
—

 
56

Consolidated total
 
 
 
 
 
 
Goodwill
 
7,393

 
(56
)
 
7,337

Impairments
 
(1,197
)
 
—

 
(1,197
)
Net goodwill
 
$
6,196

 
$
(56
)
 
$
6,140



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