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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets  
Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

Acquisition

 

Translation

 

March 31, 2017

 

(Millions)

    

Balance

    

activity

    

and other

    

Balance

 

Industrial

 

$

2,536

 

$

 —

 

$

41

 

$

2,577

 

Safety and Graphics

 

 

3,324

 

 

 —

 

 

20

 

 

3,344

 

Health Care

 

 

1,609

 

 

 —

 

 

18

 

 

1,627

 

Electronics and Energy

 

 

1,489

 

 

 —

 

 

13

 

 

1,502

 

Consumer

 

 

208

 

 

 —

 

 

 —

 

 

208

 

Total Company

 

$

9,166

 

$

 —

 

$

92

 

$

9,258

 

 

Acquired Intangible Assets

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

 

(Millions)

    

2017

    

2016

 

Customer related intangible assets

 

$

1,935

 

$

1,939

 

Patents

 

 

604

 

 

602

 

Other technology-based intangible assets

 

 

527

 

 

524

 

Definite-lived tradenames

 

 

417

 

 

420

 

Other amortizable intangible assets

 

 

213

 

 

211

 

Total gross carrying amount

 

$

3,696

 

$

3,696

 

 

 

 

 

 

 

 

 

Accumulated amortization — customer related

 

 

(824)

 

 

(797)

 

Accumulated amortization — patents

 

 

(506)

 

 

(497)

 

Accumulated amortization — other technology based

 

 

(315)

 

 

(302)

 

Accumulated amortization — definite-lived tradenames

 

 

(239)

 

 

(236)

 

Accumulated amortization — other

 

 

(176)

 

 

(173)

 

Total accumulated amortization

 

$

(2,060)

 

$

(2,005)

 

 

 

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$

1,636

 

$

1,691

 

 

 

 

 

 

 

 

 

Non-amortizable intangible assets (primarily tradenames)

 

 

633

 

 

629

 

Total intangible assets — net

 

$

2,269

 

$

2,320

 

 

Schedule of amortization expense for acquired intangible assets

Amortization expense for acquired intangible assets for the three-month periods ended March 31, 2017 and 2016 follows:

 

 

 

 

 

 

 

 

 

    

Three months ended 

 

 

 

March 31,

 

(Millions)

    

2017

    

2016

 

Amortization expense

 

$

64

 

$

66

 

 

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of March 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Remainder

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

    

    

 

 

 

 

of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After

 

(Millions)

 

2017

 

2018

 

2019

 

2020

 

2021

 

2022

 

2022

 

Amortization expense

 

$

183

 

$

195

 

$

186

 

$

177

 

$

161

 

$

146

 

$

588