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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets  
Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

Acquisition

 

Translation

 

September 30, 2015

 

(Millions)

    

Balance

    

activity

    

and other

    

Balance

 

Industrial

 

$

2,037

 

$

629

 

$

(84)

 

$

2,582

 

Safety and Graphics

 

 

1,650

 

 

1,782

 

 

(41)

 

 

3,391

 

Electronics and Energy

 

 

1,559

 

 

 

 

(26)

 

 

1,533

 

Health Care

 

 

1,589

 

 

94

 

 

(44)

 

 

1,639

 

Consumer

 

 

215

 

 

 

 

(6)

 

 

209

 

Total Company

 

$

7,050

 

$

2,505

 

$

(201)

 

$

9,354

 

 

Acquired Intangible Assets

 

 

 

 

 

 

 

 

 

    

September 30,

    

December 31,

 

(Millions)

    

2015

    

2014

 

Customer related intangible assets

 

$

2,063

 

$

1,348

 

Patents

 

 

620

 

 

581

 

Other technology-based intangible assets

 

 

527

 

 

407

 

Definite-lived tradenames

 

 

834

 

 

401

 

Other amortizable intangible assets

 

 

230

 

 

221

 

Total gross carrying amount

 

$

4,274

 

$

2,958

 

 

 

 

 

 

 

 

 

Accumulated amortization — customer related

 

 

(659)

 

 

(597)

 

Accumulated amortization — patents

 

 

(477)

 

 

(472)

 

Accumulated amortization — other technology based

 

 

(239)

 

 

(215)

 

Accumulated amortization — definite-lived tradenames

 

 

(214)

 

 

(195)

 

Accumulated amortization — other

 

 

(169)

 

 

(167)

 

Total accumulated amortization

 

$

(1,758)

 

$

(1,646)

 

 

 

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$

2,516

 

$

1,312

 

 

 

 

 

 

 

 

 

Non-amortizable intangible assets (primarily tradenames)

 

 

116

 

 

123

 

Total intangible assets — net

 

$

2,632

 

$

1,435

 

 

Schedule of amortization expense for acquired intangible assets

Amortization expense for acquired intangible assets for the three-month and nine-month periods ended September 30, 2015 and 2014 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended 

    

Nine months ended 

 

 

 

 

September 30,

 

September 30,

 

 

(Millions)

    

2015

    

2014

    

2015

 

2014

 

 

Amortization expense

 

$

66

 

$

56

 

$

169

 

$

170

 

 

 

Schedule of expected amortization expense for acquired amortizable intangible assets

The table below shows expected amortization expense for acquired amortizable intangible assets recorded as of September 30, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Remainder

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

 

 

 

of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After

 

(Millions)

 

2015

 

2016

 

2017

 

2018

 

2019

 

2020

 

2020

 

Amortization expense

 

$

71

 

$

273

 

$

247

 

$

226

 

$

213

 

$

203

 

$

1,283