XML 41 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets  
Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

Acquisition

 

Divestiture

 

Translation

 

September 30, 2018

 

(Millions)

    

Balance

    

activity

    

activity

    

and other

    

Balance

 

Industrial

 

$

2,678

 

$

 —

 

$

(4)

 

$

(50)

 

$

2,624

 

Safety and Graphics

 

 

4,419

 

 

 7

 

 

(8)

 

 

(53)

 

 

4,365

 

Health Care

 

 

1,682

 

 

 —

 

 

 —

 

 

(20)

 

 

1,662

 

Electronics and Energy

 

 

1,524

 

 

 —

 

 

(247)

 

 

(11)

 

 

1,266

 

Consumer

 

 

210

 

 

 —

 

 

 —

 

 

(4)

 

 

206

 

Total Company

 

$

10,513

 

$

 7

 

$

(259)

 

$

(138)

 

$

10,123

 

 

Acquired Intangible Assets

 

 

 

 

 

 

 

 

 

    

September 30,

    

December 31,

 

(Millions)

    

2018

    

2017

 

Customer related intangible assets

 

$

2,301

 

$

2,332

 

Patents

 

 

544

 

 

561

 

Other technology-based intangible assets

 

 

578

 

 

583

 

Definite-lived tradenames

 

 

664

 

 

678

 

Other amortizable intangible assets

 

 

125

 

 

207

 

Total gross carrying amount

 

$

4,212

 

$

4,361

 

 

 

 

 

 

 

 

 

Accumulated amortization — customer related

 

 

(966)

 

 

(874)

 

Accumulated amortization — patents

 

 

(486)

 

 

(489)

 

Accumulated amortization — other technology based

 

 

(323)

 

 

(292)

 

Accumulated amortization — definite-lived tradenames

 

 

(268)

 

 

(256)

 

Accumulated amortization — other

 

 

(86)

 

 

(162)

 

Total accumulated amortization

 

$

(2,129)

 

$

(2,073)

 

 

 

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$

2,083

 

$

2,288

 

 

 

 

 

 

 

 

 

Non-amortizable intangible assets (primarily tradenames)

 

 

643

 

 

648

 

Total intangible assets — net

 

$

2,726

 

$

2,936

 

 

Schedule of amortization expense for acquired intangible assets

Amortization expense for acquired intangible assets for the three and nine months ended September 30, 2018 and 2017 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended 

    

Nine months ended 

 

 

 

September 30,

 

September 30,

 

(Millions)

    

2018

    

2017

    

2018

 

2017

 

Amortization expense

 

$

61

 

$

51

 

$

188

 

$

162

 

 

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remainder of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After

 

(Millions)

 

2018

 

2019

 

2020

 

2021

 

2022

 

2023

 

2023

 

Amortization expense

 

$

62

 

$

241

 

$

229

 

$

220

 

$

206

 

$

175

 

$

950