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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2012
Goodwill and Intangible Assets  
Goodwill

 

December 31, 2011

 

Acquisition

 

Translation

 

March 31, 2012

 

(Millions)

 

Balance

 

activity

 

and other

 

Balance

 

Industrial and Transportation

 

$

1,961

 

$

6

 

$

26

 

$

1,993

 

Health Care

 

1,514

 

 

5

 

1,519

 

Consumer and Office

 

228

 

6

 

3

 

237

 

Safety, Security and Protection Services

 

1,675

 

 

4

 

1,679

 

Display and Graphics

 

993

 

 

(8

)

985

 

Electro and Communications

 

676

 

 

1

 

677

 

Total Company

 

$

7,047

 

$

12

 

$

31

 

$

7,090

 

 

Acquired Intangible Assets

 

 

 

March 31,

 

December 31,

 

(Millions)

 

2012

 

2011

 

Patents

 

$

564

 

$

561

 

Other amortizable intangible assets (primarily tradenames and customer related intangibles)

 

2,251

 

2,323

 

Total gross carrying amount

 

$

2,815

 

$

2,884

 

 

 

 

 

 

 

Accumulated amortization — patents

 

(385

)

(374

)

Accumulated amortization — other

 

(690

)

(717

)

Total accumulated amortization

 

$

(1,075

)

$

(1,091

)

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$

1,740

 

$

1,793

 

 

 

 

 

 

 

Non-amortizable intangible assets (tradenames)

 

125

 

123

 

Total intangible assets — net

 

$

1,865

 

$

1,916

 

 

Schedule of amortization expense for acquired intangible assets

 

 

 

Three months ended

 

 

 

March 31,

 

(Millions)

 

2012

 

2011

 

Amortization expense

 

$

58

 

$

54

 

Schedule of expected amortization expense for acquired amortizable intangible assets

 

 

 

 

Remainder

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of

 

 

 

 

 

 

 

 

 

 

 

After

 

 

 

2012

 

2013

 

2014

 

2015

 

2016

 

2017

 

2017

 

Amortization expense

 

$

170

 

$

214

 

$

191

 

$

178

 

$

166

 

$

152

 

$

669