Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Dec. 31, 2017 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Changes in the Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the years ended December 31, 2017 and 2016 were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | In millions | Automotive OEM | | Test & Measurement and Electronics | | Food Equipment | | Polymers & Fluids | | Welding | | Construction Products | | Specialty Products | | Total | Balance, December 31, 2015 | $ | 277 |
| | $ | 1,355 |
| | $ | 259 |
| | $ | 894 |
| | $ | 261 |
| | $ | 516 |
| | $ | 877 |
| | $ | 4,439 |
| 2016 activity: | | | | | | | | | | | | | | | | Acquisitions & divestitures | 187 |
| | 1 |
| | — |
| | (2 | ) | | — |
| | (1 | ) | | 1 |
| | 186 |
| 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 |
| 2017 activity: |
|
| | | | | | | | | | | | | | | Acquisitions & divestitures | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 1 |
| | 1 |
| Foreign currency translation | 32 |
| | 36 |
| | 20 |
| | 30 |
| | 12 |
| | 22 |
| | 41 |
| | 193 |
| Balance, December 31, 2017 | $ | 488 |
| | $ | 1,372 |
|
| $ | 269 |
| | $ | 919 |
| | $ | 272 |
| | $ | 530 |
| | $ | 902 |
| | $ | 4,752 |
| Cumulative goodwill impairment charges, December 31, 2017 | $ | 24 |
| | $ | 83 |
| | $ | 60 |
| | $ | 15 |
| | $ | 5 |
| | $ | 7 |
| | $ | 46 |
| | $ | 240 |
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| Schedule of Finite-lived Intangible Assets |
Intangible assets as of December 31, 2017 and 2016 were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 | | 2016 | In millions | | Cost | | Accumulated Amortization | | Net | | Cost | | Accumulated Amortization | | Net | Amortizable intangible assets: | | | | | | | | | | | | | Customer lists and relationships | | $ | 1,753 |
| | $ | (1,182 | ) | | $ | 571 |
| | $ | 1,744 |
| | $ | (1,060 | ) | | $ | 684 |
| Trademarks and brands | | 761 |
| | (391 | ) | | 370 |
| | 733 |
| | (344 | ) | | 389 |
| Patents and proprietary technology | | 623 |
| | (473 | ) | | 150 |
| | 620 |
| | (432 | ) | | 188 |
| Other | | 474 |
| | (453 | ) | | 21 |
| | 461 |
| | (444 | ) | | 17 |
| Total amortizable intangible assets | | 3,611 |
| | (2,499 | ) | | 1,112 |
| | 3,558 |
| | (2,280 | ) | | 1,278 |
| Indefinite-lived intangible assets: | | | | | | | | | | | | | Trademarks and brands | | 160 |
| | — |
| | 160 |
| | 185 |
| | — |
| | 185 |
| Total intangible assets | | $ | 3,771 |
| | $ | (2,499 | ) | | $ | 1,272 |
| | $ | 3,743 |
| | $ | (2,280 | ) | | $ | 1,463 |
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| Schedule of Indefinite-lived Intangible Assets |
Intangible assets as of December 31, 2017 and 2016 were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | 2017 | | 2016 | In millions | | Cost | | Accumulated Amortization | | Net | | Cost | | Accumulated Amortization | | Net | Amortizable intangible assets: | | | | | | | | | | | | | Customer lists and relationships | | $ | 1,753 |
| | $ | (1,182 | ) | | $ | 571 |
| | $ | 1,744 |
| | $ | (1,060 | ) | | $ | 684 |
| Trademarks and brands | | 761 |
| | (391 | ) | | 370 |
| | 733 |
| | (344 | ) | | 389 |
| Patents and proprietary technology | | 623 |
| | (473 | ) | | 150 |
| | 620 |
| | (432 | ) | | 188 |
| Other | | 474 |
| | (453 | ) | | 21 |
| | 461 |
| | (444 | ) | | 17 |
| Total amortizable intangible assets | | 3,611 |
| | (2,499 | ) | | 1,112 |
| | 3,558 |
| | (2,280 | ) | | 1,278 |
| Indefinite-lived intangible assets: | | | | | | | | | | | | | Trademarks and brands | | 160 |
| | — |
| | 160 |
| | 185 |
| | — |
| | 185 |
| Total intangible assets | | $ | 3,771 |
| | $ | (2,499 | ) | | $ | 1,272 |
| | $ | 3,743 |
| | $ | (2,280 | ) | | $ | 1,463 |
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| 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 | | 2018 | $ | 185 |
| 2019 | 163 |
| 2020 | 143 |
| 2021 | 124 |
| 2022 | 112 |
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