XML 29 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets
6 Months Ended
Jun. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

9. Intangible Assets

The gross book value, accumulated amortization and net book value of intangible assets were as follows:

 

                                  (Stated in millions)  
    Jun. 30, 2013     Dec. 31, 2012  
    Gross
Book Value
    Accumulated
Amortization
    Net Book
Value
    Gross
Book Value
    Accumulated
Amortization
    Net Book
Value
 

Technology/Technical Know-How

  $ 1,956      $ 528      $ 1,428      $ 1,967      $ 474      $ 1,493   

Tradenames

    1,647        223        1,424        1,647        188        1,459   

Customer Relationships

    2,116        355        1,761        2,115        312        1,803   

Other

    388        328        60        369        322        47   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
  $ 6,107      $ 1,434      $ 4,673      $ 6,098      $ 1,296      $ 4,802   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Amortization expense charged to income was as follows:

 

            (Stated in millions)  
     2013      2012  

Second Quarter

   $ 81       $ 80   

Six Months

   $ 163       $ 161   

The weighted average amortization period for all intangible assets is approximately 20 years.

Based on the net book value of intangible assets at June 30, 2013, amortization charged to income for the subsequent five years is estimated to be: remainder of 2013—$165 million; 2014—$325 million; 2015—$315 million; 2016—$302 million; 2017—$289 million; and 2018—$283 million.