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Other Assets (Tables)
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12 Months Ended |
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Dec. 31, 2013
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| Other Assets Tables [Abstract] |
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| Other assets |
The following is a summary of other assets as of December 31: | (Millions) | | 2013 | | 2012 | | Goodwill | | $ | 3,198 | | $ | 3,181 | | Deferred tax assets, net(a) | | | 2,443 | | | 2,458 | | Prepaid expenses(b) | | | 1,998 | | | 1,960 | | Other intangible assets, at amortized cost | | | 817 | | | 993 | | Restricted cash(c) | | | 486 | | | 568 | | Derivative assets(a) | | | 329 | | | 593 | | Other | | | 1,957 | | | 1,665 | | Total | | $ | 11,228 | | $ | 11,418 |
- Refer to Notes 17 and 12 for a discussion of deferred tax assets, net, and derivative assets, respectively, as of December 31, 2013 and 2012. Derivative assets reflect the impact of master netting agreements.
- Includes prepaid miles and reward points acquired primarily from airline partners of approximately $1.5 billion and $1.4 billion, as of December 31, 2013 and 2012, respectively, including approximately $0.9 billion and $1.1 billion, respectively, from Delta.
- Includes restricted cash of approximately $58 million and $76 million, respectively, as of December 31, 2013 and 2012, which is primarily held for coupon and certain asset-backed securitization maturities.
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| Changes in carrying amount of goodwill |
The changes in the carrying amount of goodwill reported in the Company's reportable operating segments and Corporate & Other were as follows: | | | | | | | | | | | | | | | Corporate & | | | | | (Millions) | USCS | ICS | GCS | GNMS | | Other | Total | | Balance as of January 1, 2012 | | $ | 175 | | $ | 1,023 | | $ | 1,543 | | $ | 160 | | $ | 271 | | $ | 3,172 | | Acquisitions | | | ― | | | 1 | | | ― | | | ― | | | ― | | | 1 | | Dispositions | | | ― | | | (2) | | | (1) | | | ― | | | ― | | | (3) | | Other, including foreign currency translation | | | ― | | | 9 | | | 2 | | | ― | | | ― | | | 11 | | Balance as of December 31, 2012 | | $ | 175 | | $ | 1,031 | | $ | 1,544 | | $ | 160 | | $ | 271 | | $ | 3,181 | | Acquisitions | | | ― | | | ― | | | ― | | | ― | | | ― | | | ― | | Dispositions | | | ― | | | ― | | | ― | | | ― | | | ― | | | ― | | Other, including foreign currency translation | | | (1) | | | 21 | | | (1) | | | ― | | | (2) | | | 17 | | Balance as of December 31, 2013 | | $ | 174 | | $ | 1,052 | | $ | 1,543 | | $ | 160 | | $ | 269 | | $ | 3,198 |
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| Components of other intangible assets |
The components of other intangible assets were as follows: | | | | 2013 | | | 2012 | | (Millions) | | | Gross Carrying Amount | | | Accumulated Amortization | | | Net Carrying Amount | | | Gross Carrying Amount | | | Accumulated Amortization | | | Net Carrying Amount | | Customer relationships(a) | | $ | 1,297 | | $ | (660) | | $ | 637 | | $ | 1,238 | | $ | (526) | | $ | 712 | | Other | | | 269 | | | (89) | | | 180 | | | 428 | | | (147) | | | 281 | | Total | | $ | 1,566 | | $ | (749) | | $ | 817 | | $ | 1,666 | | $ | (673) | | $ | 993 |
- Includes net intangibles acquired from airline partners of $290 million and $358 million as of December 31, 2013 and 2012, respectively, including approximately $117 million and $156 million, respectively, from Delta.
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| Estimated amortization expense for other intangible assets |
Estimated amortization expense for other intangible assets over the next five years is as follows: | (Millions) | | | 2014 | | | 2015 | | | 2016 | | | 2017 | | | 2018 | | Estimated amortization expense | | $ | 184 | | $ | 164 | | $ | 123 | | $ | 72 | | $ | 61 |
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