Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2011

Intangible Assets and Goodwill

Intangible assets

		September 30, 2011
(Millions of dollars)	Weighted Amortizable Life (Years)	Gross Carrying Amount	Accumulated Amortization	Net
Customer relationships	15	$2,929	$(173)	$2,756
Intellectual property	12	1,775	(208)	1,567
Other	11	277	(89)	188
Total finite-lived intangible assets	14	4,981	(470)	4,511
Indefinite-lived intangible assets - In-process research & development		18	—	18
Total intangible assets		$4,999	$(470)	$4,529

		December 31, 2010
(Millions of dollars)	Weighted Amortizable Life (Years)	Gross Carrying Amount	Accumulated Amortization	Net
Customer relationships	17	$630	$(108)	$522
Intellectual property	9	306	(166)	140
Other	13	197	(72)	125
Total finite-lived intangible assets	14	1,133	(346)	787
Indefinite-lived intangible assets - In-process research & development		18	—	18
Total intangible assets		$1,151	$(346)	$805

Expected amortization expense related to intangible assets

(Millions of dollars)
2011	2012	2013	2014	2015	Thereafter
$229	$376	$368	$365	$360	$2,966

Goodwill

(Millions of dollars)
	Construction Industries	Resource Industries	Power Systems	Other	Consolidated Total
Balance at December 31, 2010	$357	$51	$2,077	$129	$2,614
Business acquisitions1	—	5,263	23	—	5,286
Business divestitures2	—	—	—	(12)	(12)
Other adjustments3	24	(133)	(1)	—	(110)
Balance at September 30, 2011	$381	$5,181	$2,099	$117	$7,778

1  Purchase of Bucyrus International, Inc. and Pyroban Group Ltd.  See Note 18 for additional details.

2  Sale of Carter Machinery.  See Note 18 for additional details.

3  Other adjustments are comprised primarily of foreign currency translation.