GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

The following table shows the carrying amount of goodwill by operating segment:



Goodwill	Electronic and Functional Materials		Coatings and Infra- structure Solutions		Ag Sciences		Perf Materials		Perf Plastics		Feedstocks and Energy		Total
In millions	Electronic and Functional Materials		Coatings and Infra- structure Solutions		Ag Sciences		Perf Materials		Perf Plastics		Feedstocks and Energy		Total
Net goodwill at Dec 31, 2011	$	4,934	$	4,041	$	1,558	$	959	$	1,375	$	63	$	12,930
Goodwill related to 2012 acquisition of:
Lightscape Materials, Inc.	3		—		—		—		—		—		3
Foreign currency impact	—		—		—		—		—		—		—
Net goodwill at Sep 30, 2012	$	4,937	$	4,041	$	1,558	$	959	$	1,375	$	63	$	12,933

The following table provides information regarding the Company’s other intangible assets:



Other Intangible Assets	At September 30, 2012							At December 31, 2011
In millions	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets with finite lives:
Licenses and intellectual property	$	1,703	$	(709	)	$	994	$	1,693	$	(594	)	$	1,099
Patents	130		(99		)	31		119		(97		)	22
Software	1,059		(566		)	493		1,049		(596		)	453
Trademarks	691		(269		)	422		695		(224		)	471
Customer related	3,714		(920		)	2,794		3,652		(730		)	2,922
Other	157		(121		)	36		150		(108		)	42
Total other intangible assets, finite lives	$	7,454	$	(2,684	)	$	4,770	$	7,358	$	(2,349	)	$	5,009
IPR&D (1), indefinite lives	79		—			79		52		—			52
Total other intangible assets	$	7,533	$	(2,684	)	$	4,849	$	7,410	$	(2,349	)	$	5,061

(1) In-process research and development (“IPR&D”) purchased in business combinations.

The following table provides information regarding amortization expense related to intangible assets:



Amortization Expense	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2012		Sep 30, 2011		Sep 30, 2012		Sep 30, 2011
Other intangible assets, excluding software	$	117	$	125	$	361	$	373
Software, included in “Cost of sales”	$	15	$	23	$	46	$	68

Total estimated amortization expense for 2012 and the five succeeding fiscal years is as follows:



Estimated Amortization Expense In millions
2012	$	552
2013	$	533
2014	$	511
2015	$	494
2016	$	482
2017	$	448

- 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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