OTHER INTANGIBLE ASSETS AND GOODWILL

12 Months Ended

Dec. 31, 2012

OTHER INTANGIBLE ASSETS AND GOODWILL [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 8. OTHER INTANGIBLE ASSETS AND GOODWILL

Other Intangible Assets

Other intangible assets consisted of the following (in millions):



		As of December 31, 2012						As of December 31, 2011
	Useful Life	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Lease interest and other	11 –17 years	$	14	$	3	$	11	$	85	$	21	$	64
Landfill (primarily ash)	1 - 5 years	18		16		2		18		14		4
Total amortizable intangible assets		32		19		13		103		35		68
Other intangibles	Indefinite	10		—		10		10		—		10
Intangible assets, net		$	42	$	19	$	23	$	113	$	35	$	78

The following table details the amount of the actual/estimated amortization expense associated with other intangible assets as of December 31, 2012 expected to be included in our statements of income for each of the years indicated (in millions):



	2013		2014		2015		2016		2017		Thereafter		Total
Annual Remaining Amortization	$	3	$	1	$	1	$	1	$	1	$	6	$	13

Amortization Expense related to other intangible assets was $6 million for each of the years ended December 31, 2012, 2011, and 2010. Lease interest amortization is recorded as rent expense in plant operating expenses and was $3 million for each of the years ended December 31, 2012, 2011, and 2010.

Goodwill

Goodwill represents the total consideration paid in excess of the fair value of the net tangible and identifiable intangible assets acquired and the liabilities assumed in acquisitions. Goodwill has an indefinite life and is not amortized but is reviewed for impairment under the provisions of accounting standards for goodwill. We performed the required annual impairment review of our recorded goodwill for our reporting unit using a quantitative and qualitative assessment as of October 1, 2012 and determined that it was more likely than not that the fair value of our reporting unit was not less than its carrying value and no further assessment was necessary. As of December 31, 2012, goodwill of approximately $38 million was deductible for federal income tax purposes.

The following table details the changes in carrying value of goodwill (in millions):



	Total
Balance as of December 31, 2010	$	230
Goodwill related to the acquisition of the Dade metals recycling facility (See Note 3)	2

Balance as of December 31, 2011	$	232
Goodwill related to acquisition of the Delaware Valley energy-from-waste facility (See Note 3)	17

Balance as of December 31, 2012	$	249

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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