Goodwill and Other Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 30, 2013

Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment were as follows:

In millions	December 31, 2012		Acquisitions/ divestitures			Foreign currency  translation/other			March 30, 2013
Water & Fluid Solutions	$	2,410	$	—		$	(21	)	$	2,389
Valves & Controls		1,334		—			—			1,334
Technical Solutions		1,151		(5	)		(2	)		1,144
Total goodwill	$	4,895	$	(5	)	$	(23	)	$	4,867

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	March 30, 2013						December 31, 2012
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Finite-life intangibles
Customer relationships	$	1,269	$	(172)	$	1,097	$	1,277	$	(153)	$	1,124
Trade names		2		(1)		1		1		—		1
Proprietary technology		262		(63)		199		264		(58)		206
Backlog		41		(31)		10		41		(18)		23
Total finite-life intangibles	$	1,574	$	(267)	$	1,307	$	1,583	$	(229)	$	1,354
Indefinite-life intangibles
Trade names		552		—		552		556		—		556
Total intangibles, net	$	2,126	$	(267)	$	1,859	$	2,139	$	(229)	$	1,910

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2013 and the next five years is as follows:

	Q2-Q4
In millions	2013		2014		2015		2016		2017		2018
Estimated amortization expense	$	93	$	114	$	113	$	112	$	111	$	108