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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets  
Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Dec. 31,

    

2014

    

2014

    

Dec. 31,

    

2015

    

2015

    

Dec. 31,

 

 

 

2013

 

acquisition

 

translation

 

2014

 

acquisition

 

translation

 

2015

 

(Millions)

 

Balance

 

activity

 

and other

 

Balance

 

activity

 

and other

 

Balance

 

Industrial

 

$

2,171

 

$

 —

 

$

(129)

 

$

2,042

 

$

637

 

$

(106)

 

$

2,573

 

Safety and Graphics

 

 

1,740

 

 

 

 

(90)

 

 

1,650

 

 

1,764

 

 

(72)

 

 

3,342

 

Health Care

 

 

1,596

 

 

65

 

 

(72)

 

 

1,589

 

 

94

 

 

(59)

 

 

1,624

 

Electronics and Energy

 

 

1,607

 

 

 —

 

 

(53)

 

 

1,554

 

 

 —

 

 

(44)

 

 

1,510

 

Consumer

 

 

231

 

 

 

 

(16)

 

 

215

 

 

 

 

(15)

 

 

200

 

Total Company

 

$

7,345

 

$

65

 

$

(360)

 

$

7,050

 

$

2,495

 

$

(296)

 

$

9,249

 

 

Acquired Intangible Assets

 

 

 

 

 

 

 

 

(Millions)

    

2015

    

2014

 

Customer related intangible assets

 

$

1,973

 

$

1,348

 

Patents

 

 

616

 

 

581

 

Other technology-based intangible assets

 

 

525

 

 

407

 

Definite-lived tradenames

 

 

421

 

 

401

 

Other amortizable intangible assets

 

 

216

 

 

221

 

Total gross carrying amount

 

$

3,751

 

$

2,958

 

 

 

 

 

 

 

 

 

Accumulated amortization — customer related

 

 

(668)

 

 

(597)

 

Accumulated amortization — patents

 

 

(481)

 

 

(472)

 

Accumulated amortization — other technology based

 

 

(252)

 

 

(215)

 

Accumulated amortization — definite-lived tradenames

 

 

(215)

 

 

(195)

 

Accumulated amortization — other

 

 

(169)

 

 

(167)

 

Total accumulated amortization

 

$

(1,785)

 

$

(1,646)

 

 

 

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$

1,966

 

$

1,312

 

 

 

 

 

 

 

 

 

Non-amortizable intangible assets (primarily tradenames)

 

 

635

 

 

123

 

Total intangible assets — net

 

$

2,601

 

$

1,435

 

 

Schedule of amortization expense for acquired intangible assets

 

Amortization expense for the years ended December 31 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

(Millions)

    

 

2015

    

2014

    

2013

 

Amortization expense

 

 

$

229

 

$

228

 

$

236

 

 

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of December 31, 2015 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After

 

(Millions)

 

2016

 

2017

 

2018

 

2019

 

2020

 

2020

 

Amortization expense

 

$

252

 

$

226

 

$

205

 

$

192

 

$

183

 

$

908