Other Intangible Assets

9 Months Ended

Sep. 30, 2014

Intangible Assets, Gross (Excluding Goodwill) [Abstract]

Note I. Other Intangible Assets

Other intangible assets are presented in the following table.



		September 30, 2014				December 31, 2013
(In millions)	Economic Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Value of business acquired	1 - 4 years	$	63	$	63	$	64	$	63
Trade name	8 years	8		2		8		2
Distribution channel	15 years	13		2		13		1
Total finite-lived intangible assets		84		67		85		66
Indefinite-lived intangible assets:
Syndicate capacity		57				58
Agency force		16				16
Total indefinite-lived intangible assets		73				74
Total other intangible assets		$	157	$	67	$	159	$	66

For the three and nine months ended September 30, 2014, amortization expense of $1 million and $2 million was included in Amortization of deferred acquisition costs. For the nine months ended September 30, 2014, $1 million was recorded in Other operating expenses in the Statement of Operations for the Hardy segment. For the three and nine months ended September 30, 2013, amortization expense of $1 million and $14 million was included in Amortization of deferred acquisition costs and $(1) million and $4 million was included in Other operating expenses in the Statement of Operations for the Hardy segment. 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 $1 million for the remainder of 2014, $1 million in 2015 and $2 million in years 2016, 2017, 2018 and 2019.