XML 100 R35.htm IDEA: XBRL DOCUMENT v3.20.1
Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
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

 
 
 
 
 
 
 
 
Expected amortization expense related to intangible assets 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
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill acquired
 
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).