XML 101 R28.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets  
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

508

508

Divestiture activity

(49)

(49)

Translation and other

(51)

(27)

(53)

31

(100)

Balance as of September 30, 2019

$

4,616

$

1,830

$

3,703

$

261

$

10,410

Acquired Intangible Assets

    

September 30,

    

December 31,

 

(Millions)

    

2019

    

2018

 

Customer related intangible assets

$

2,525

$

2,291

Patents

 

536

 

542

Other technology-based intangible assets

 

727

 

576

Definite-lived tradenames

 

673

 

664

Other amortizable intangible assets

 

122

 

125

Total gross carrying amount

$

4,583

$

4,198

Accumulated amortization — customer related

 

(1,107)

 

(998)

Accumulated amortization — patents

 

(493)

 

(487)

Accumulated amortization — other technology-based

 

(382)

 

(333)

Accumulated amortization — definite-lived tradenames

 

(300)

 

(276)

Accumulated amortization — other

 

(89)

 

(88)

Total accumulated amortization

$

(2,371)

$

(2,182)

Total finite-lived intangible assets — net

$

2,212

$

2,016

Non-amortizable intangible assets (primarily tradenames)

 

635

 

641

Total intangible assets — net

$

2,847

$

2,657

Schedule of amortization expense for acquired intangible assets

Amortization expense for the three and nine months ended September 30, 2019 and 2018 follows:

    

Three months ended 

    

Nine months ended 

September 30,

September 30,

(Millions)

    

2019

    

2018

    

2019

2018

 

Amortization expense

$

69

$

61

$

208

$

188

Schedule of expected amortization expense for acquired amortizable intangible assets

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

Remainder of

After

 

(Millions)

2019

2020

2021

2022

2023

2024

2024

 

Amortization expense

$

69

$

264

$

256

$

242

$

213

$

183

$

950