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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets  
Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

Acquisition

 

Translation

 

March 31, 2016

 

(Millions)

    

Balance

    

activity

    

and other

    

Balance

 

Industrial

 

$

2,573

 

$

 —

 

$

51

 

$

2,624

 

Safety and Graphics

 

 

3,342

 

 

3

 

 

32

 

 

3,377

 

Health Care

 

 

1,624

 

 

 —

 

 

20

 

 

1,644

 

Electronics and Energy

 

 

1,510

 

 

 —

 

 

14

 

 

1,524

 

Consumer

 

 

200

 

 

 —

 

 

6

 

 

206

 

Total Company

 

$

9,249

 

$

3

 

$

123

 

$

9,375

 

 

Acquired Intangible Assets

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

 

(Millions)

    

2016

    

2015

 

Customer related intangible assets

 

$

1,985

 

$

1,973

 

Patents

 

 

610

 

 

616

 

Other technology-based intangible assets

 

 

526

 

 

525

 

Definite-lived tradenames

 

 

423

 

 

421

 

Other amortizable intangible assets

 

 

218

 

 

216

 

Total gross carrying amount

 

$

3,762

 

$

3,751

 

 

 

 

 

 

 

 

 

Accumulated amortization — customer related

 

 

(706)

 

 

(668)

 

Accumulated amortization — patents

 

 

(484)

 

 

(481)

 

Accumulated amortization — other technology based

 

 

(267)

 

 

(252)

 

Accumulated amortization — definite-lived tradenames

 

 

(222)

 

 

(215)

 

Accumulated amortization — other

 

 

(172)

 

 

(169)

 

Total accumulated amortization

 

$

(1,851)

 

$

(1,785)

 

 

 

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$

1,911

 

$

1,966

 

 

 

 

 

 

 

 

 

Non-amortizable intangible assets (primarily tradenames)

 

 

640

 

 

635

 

Total intangible assets — net

 

$

2,551

 

$

2,601

 

 

Schedule of amortization expense for acquired intangible assets

Amortization expense for acquired intangible assets for the three-month periods ended March 31, 2016 and 2015 follows:

 

 

 

 

 

 

 

 

 

 

    

Three months ended 

 

 

 

 

March 31,

 

 

(Millions)

    

2016

    

2015

 

 

Amortization expense

 

$

66

 

$

53

 

 

 

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Remainder

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

 

 

 

of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After

 

(Millions)

 

2016

 

2017

 

2018

 

2019

 

2020

 

2021

 

2021

 

Amortization expense

 

$

188

 

$

227

 

$

205

 

$

193

 

$

183

 

$

167

 

$

748