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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the net carrying amount of goodwill by operating segment
The changes in the net carrying amount of goodwill for the years ended December 31, 2018 and 2017, respectively, are as follows (in millions):
Balance as of January 1, 2017
$
7,410

Goodwill related to current year acquisitions
619

Goodwill related to disposals
(5
)
Goodwill related to prior year acquisitions
(13
)
Foreign currency translation
347

Balance as of December 31, 2017
$
8,358

Goodwill related to current year acquisitions
38

Goodwill related to disposals
(2
)
Goodwill related to prior year acquisitions
4

Foreign currency translation
(227
)
Balance as of December 31, 2018
$
8,171

Schedule of other intangible assets by asset class
Amortization basis and estimated useful lives by intangible asset type are generally as follows:
Intangible Asset Description
 
Amortization Basis
 
Expected Life
Customer-related and contract-based
 
In line with underlying cash flows
 
7 to 20 years
Tradenames
 
Straight-line

1 to 3 years
Technology and other
 
Straight-line

5 to 7 years
Other intangible assets by asset class are as follows (in millions):
 
As of December 31
 
2018
 
2017
 
Gross
Carrying
Amount
 
Accumulated Amortization and Impairment
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated Amortization and Impairment
 
Net
Carrying
Amount
Customer related and contract based
2,240

 
1,444

 
796

 
2,550

 
1,415

 
1,135

Tradenames
1,027

 
740

 
287

 
1,047

 
533

 
514

Technology and other
391

 
325

 
66

 
416

 
332

 
84

Total
$
3,658

 
$
2,509

 
$
1,149

 
$
4,013

 
$
2,280

 
$
1,733

Schedule of estimated future amortization expense on intangible assets
The estimated future amortization for finite-lived intangible assets as of December 31, 2018 is as follows (in millions):
 
 
Estimated Future Amortization
For the years ended
 
2019
 
$
385

2020
 
219

2021
 
126

2022
 
84

2023
 
72

Thereafter
 
263

Total
 
$
1,149