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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets by Major Class

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

 

 

(Stated in millions)

 

 

 

 

 

Sept. 30, 2017

 

 

Dec. 31, 2016

 

 

Gross

 

 

Accumulated

 

 

Net Book

 

 

Gross

 

 

Accumulated

 

 

Net Book

 

 

Book Value

 

 

Amortization

 

 

Value

 

 

Book Value

 

 

Amortization

 

 

Value

 

Customer relationships

$

4,969

 

 

$

1,053

 

 

$

3,916

 

 

$

4,938

 

 

$

865

 

 

$

4,073

 

Technology/technical know-how

 

3,661

 

 

 

1,019

 

 

 

2,642

 

 

 

3,655

 

 

 

835

 

 

 

2,820

 

Tradenames

 

2,847

 

 

 

537

 

 

 

2,310

 

 

 

2,847

 

 

 

458

 

 

 

2,389

 

Other

 

1,284

 

 

 

612

 

 

 

672

 

 

 

1,122

 

 

 

549

 

 

 

573

 

 

$

12,761

 

 

$

3,221

 

 

$

9,540

 

 

$

12,562

 

 

$

2,707

 

 

$

9,855

 

 

Amortization Expense Charged to Income for Intangible Assets

Amortization expense charged to income was as follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

2017

 

 

2016

 

Third Quarter

$

165

 

 

$

156

 

Nine Months

$

501

 

 

$

405