Goodwill and Intangible Assets

12 Months Ended

Jan. 04, 2020

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Note 3. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by segment are as follows:

	Textron				Textron
(In millions)	Aviation		Bell		Systems		Industrial		Total
Balance at December 30, 2017	$	614	$	31	$	1,087	$	632	$	2,364
Disposition		—		—		—		(153)		(153)
Acquisition		—		—		13		—		13
Foreign currency translation		—		—		—		(6)		(6)
Balance at December 29, 2018		614		31		1,100		473		2,218
Disposition*		—		—		(71)		—		(71)
Acquisition		—		—		4		—		4
Foreign currency translation		—		—		—		(1)		(1)
Balance at January 4, 2020	$	614	$	31	$	1,033	$	472	$	2,150

*See Note 7 for additional information.

Intangible Assets

Our intangible assets are summarized below:

		January 4, 2020						December 29, 2018
	Weighted-Average	Gross						Gross
	Amortization	Carrying		Accumulated				Carrying		Accumulated
(Dollars in millions)	Period (in years)	Amount		Amortization		Net		Amount		Amortization		Net
Patents and technology	14	$	501	$	(242)	$	259	$	514	$	(211)	$	303
Trade names and trademarks	14		223		(8)		215		224		(7)		217
Customer relationships and contractual agreements	15		413		(298)		115		413		(275)		138
Other	4		6		(6)		—		6		(6)		—
Total		$	1,143	$	(554)	$	589	$	1,157	$	(499)	$	658

Trade names and trademarks in the table above include $208 million of indefinite-lived intangible assets at both January 4, 2020 and December 29, 2018. Amortization expense totaled $59 million, $66 million and $69 million in 2019, 2018 and 2017, respectively.  Amortization expense is estimated to be approximately $55 million, $53 million, $54 million, $37 million and $32 million in 2020, 2021, 2022, 2023 and 2024, respectively.