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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015 were as follows:

In millions
Automotive OEM
 
Test & Measurement and Electronics
 
Food Equipment
 
Polymers & Fluids
 
Welding
 
Construction Products
 
Specialty Products
 
Total
Balance, December 31, 2014
$
294

 
$
1,390

 
$
276

 
$
964

 
$
277

 
$
542

 
$
924

 
$
4,667

2015 activity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions & divestitures

 

 

 
(6
)
 
1

 

 

 
(5
)
Impairment charges

 

 

 

 

 

 

 

Foreign currency translation
(17
)
 
(35
)
 
(17
)
 
(64
)
 
(17
)
 
(26
)
 
(47
)
 
(223
)
Balance, December 31, 2015
277

 
1,355

 
259

 
894

 
261

 
516

 
877

 
4,439

2016 activity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions & divestitures
187

 
1

 

 
(2
)
 

 
(1
)
 
1

 
186

Impairment charges

 

 

 

 

 

 

 

Foreign currency translation
(8
)
 
(20
)
 
(10
)
 
(3
)
 
(1
)
 
(7
)
 
(18
)
 
(67
)
Balance, December 31, 2016
$
456

 
$
1,336


$
249

 
$
889

 
$
260

 
$
508

 
$
860

 
$
4,558

Cumulative goodwill impairment charges, December 31, 2016
$
24

 
$
83

 
$
60

 
$
15

 
$
5

 
$
7

 
$
46

 
$
240

Schedule of Finite-lived Intangible Assets
Intangible assets as of December 31, 2016 and 2015 were as follows:

 
 
2016
 
2015
In millions
 
Cost
 
Accumulated
Amortization
 
Net
 
Cost
 
Accumulated
Amortization
 
Net
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Customer lists and relationships
 
$
1,744

 
$
(1,060
)
 
$
684

 
$
1,630

 
$
(943
)
 
$
687

Trademarks and brands
 
733

 
(344
)
 
389

 
724

 
(298
)
 
426

Patents and proprietary technology
 
620

 
(432
)
 
188

 
618

 
(397
)
 
221

Other
 
461

 
(444
)
 
17

 
475

 
(446
)
 
29

Total amortizable intangible assets
 
3,558

 
(2,280
)
 
1,278

 
3,447

 
(2,084
)
 
1,363

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and brands
 
185

 

 
185

 
197

 

 
197

Total intangible assets
 
$
3,743

 
$
(2,280
)
 
$
1,463

 
$
3,644

 
$
(2,084
)
 
$
1,560

Schedule of Indefinite-lived Intangible Assets
Intangible assets as of December 31, 2016 and 2015 were as follows:

 
 
2016
 
2015
In millions
 
Cost
 
Accumulated
Amortization
 
Net
 
Cost
 
Accumulated
Amortization
 
Net
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Customer lists and relationships
 
$
1,744

 
$
(1,060
)
 
$
684

 
$
1,630

 
$
(943
)
 
$
687

Trademarks and brands
 
733

 
(344
)
 
389

 
724

 
(298
)
 
426

Patents and proprietary technology
 
620

 
(432
)
 
188

 
618

 
(397
)
 
221

Other
 
461

 
(444
)
 
17

 
475

 
(446
)
 
29

Total amortizable intangible assets
 
3,558

 
(2,280
)
 
1,278

 
3,447

 
(2,084
)
 
1,363

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and brands
 
185

 

 
185

 
197

 

 
197

Total intangible assets
 
$
3,743

 
$
(2,280
)
 
$
1,463

 
$
3,644

 
$
(2,084
)
 
$
1,560

Estimated Amortization Expense of Intangible Assets
The estimated amortization expense of intangible assets for the future years ending December 31 is as follows:

In millions
 
2017
$
203

2018
184

2019
162

2020
141

2021
123