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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

Note 3. Goodwill and Intangible Assets

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

 

 

                                         
(In millions)   Cessna     Bell    

Textron

Systems

    Industrial     Total  

Balance at January 3, 2009

  $ 322     $ 30     $ 956     $ 390     $ 1,698  

Impairment

                      (80     (80

Foreign currency translation

                      2       2  

Other

                2             2  

Balance at January 2, 2010

    322       30       958       312       1,622  

Acquisitions

          1       16       5       22  

Foreign currency translation

                      (12     (12

Balance at January 1, 2011

    322       31       974       305       1,632  

Acquisitions

                      5       5  

Foreign currency translation

                      (2     (2

Balance at December 31, 2011

  $ 322     $ 31     $ 974     $ 308     $ 1,635  

In 2010, we acquired four companies in the Bell, Textron Systems and Industrial segments for aggregate cost of $57 million and recorded $22 million in goodwill and $14 million in intangible assets. In 2009, we recorded an $80 million impairment charge in the Industrial segment’s Golf & Turf Care reporting unit based on lower forecasted revenues and profits related to the effects of the economic recession.

Our intangible assets are summarized below:

 

 

                                                         
            December 31, 2011     January 1, 2011  
(Dollars in millions)   Weighted-
Average
Amortization
Period (in years)
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net     Gross
Carrying
Amount
    Accumulated
Amortization
    Net  

Customer agreements and contractual relationships

    15     $ 367     $ (149   $     218     $ 412     $ (115   $     297  

Patents and technology

    10       95       (59     36       101       (53     48  

Trademarks

    18       36       (19     17       35       (16     19  

Other

    8       22       (16     6       22       (15     7  
            $ 520     $ (243   $ 277     $ 570     $ (199   $     371  

 

In the fourth quarter of 2011, we recorded a $41 million impairment charge to write down $37 million in customer agreements and contractual relationships and $4 million in patents and technology. See Note 9 for more information on this charge.

Amortization expense totaled $51 million, $52 million and $52 million in 2011, 2010 and 2009, respectively. Amortization expense is estimated to be approximately $39 million, $37 million, $35 million, $33 million and $28 million in 2012, 2013, 2014, 2015 and 2016, respectively.