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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill

(Millions)

Safety and Industrial

Transportation and Electronics

Health Care

Consumer

Total Company

Balance as of December 31, 2018

4,716

1,857

3,248

230

10,051

Acquisition activity

517

517

Translation and other

(9)

(8)

(11)

34

6

Balance as of June 30, 2019

$

4,707

$

1,849

$

3,754

$

264

$

10,574

Acquired Intangible Assets

    

June 30,

    

December 31,

 

(Millions)

    

2019

    

2018

 

Customer related intangible assets

$

2,565

$

2,291

Patents

 

540

 

542

Other technology-based intangible assets

 

738

 

576

Definite-lived tradenames

 

674

 

664

Other amortizable intangible assets

 

125

 

125

Total gross carrying amount

$

4,642

$

4,198

Accumulated amortization — customer related

 

(1,075)

 

(998)

Accumulated amortization — patents

 

(494)

 

(487)

Accumulated amortization — other technology-based

 

(368)

 

(333)

Accumulated amortization — definite-lived tradenames

 

(293)

 

(276)

Accumulated amortization — other

 

(89)

 

(88)

Total accumulated amortization

$

(2,319)

$

(2,182)

Total finite-lived intangible assets — net

$

2,323

$

2,016

Non-amortizable intangible assets (primarily tradenames)

 

641

 

641

Total intangible assets — net

$

2,964

$

2,657

Schedule of amortization expense for acquired intangible assets

Amortization expense for the three and six months ended June 30, 2019 and 2018 follows:

    

Three months ended 

    

Six months ended 

June 30,

June 30,

(Millions)

    

2019

    

2018

    

2019

2018

 

Amortization expense

$

70

$

63

$

139

$

127

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of June 30, 2019:

Remainder of

After

 

(Millions)

2019

2020

2021

2022

2023

2024

2024

 

Amortization expense

$

145

$

276

$

267

$

253

$

222

$

191

$

969