XML 60 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Intangible Assets
3 Months Ended
Mar. 31, 2013
Schedule of Other Intangible Assets [Abstract]  
Other Intangible Assets
Note I. Other Intangible Assets
Other intangible assets are presented in the following table.
 
March 31, 2013
 
December 31, 2012
(In millions)
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Finite-lived intangible assets:
 
 
 
 
 
 
 
Value of business acquired
$
59

 
$
52

 
$
62

 
$
43

Trade name
8

 
1

 
8

 

Distribution channel
12

 
1

 
13

 

Total finite-lived intangible assets
79

 
54

 
83

 
43

Indefinite-lived intangible assets
69

 
 
 
73

 
 
Total other intangible assets
$
148

 
$
54

 
$
156

 
$
43


For the three months ended March 31, 2013, amortization expense of $9 million was included in Amortization of deferred acquisition costs and $3 million was included in Other operating expenses in the Statement of Operations for the Hardy segment. For the three months ended March 31, 2012, no amortization expense was recognized. The gross carrying amounts and accumulated amortization in the table above may change from period to period as a result of foreign currency translation. Estimated future amortization expense for intangible assets is $7 million for the remainder of 2013, $3 million in 2014, $1 million in 2015 and $2 million in years 2016, 2017 and 2018.