v3.6.0.2
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets  
Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Dec. 31,

    

2015

    

2015

    

Dec. 31,

    

2016

    

2016

    

Dec. 31,

 

 

 

2014

 

acquisition

 

translation

 

2015

 

acquisition

 

translation

 

2016

 

(Millions)

 

Balance

 

activity

 

and other

 

Balance

 

activity

 

and other

 

Balance

 

Industrial

 

$
2,042

 

$
637

 

$
(106)

 

$
2,573

 

$

 —

 

$
(37)

 

$
2,536

 

Safety and Graphics

 

 
1,650

 

 
1,764

 

 
(72)

 

 
3,342

 

 
41

 

 
(59)

 

 
3,324

 

Health Care

 

 
1,589

 

 
94

 

 
(59)

 

 
1,624

 

 
12

 

 
(27)

 

 
1,609

 

Electronics and Energy

 

 
1,554

 

 

 —

 

 
(44)

 

 
1,510

 

 

 —

 

 
(21)

 

 
1,489

 

Consumer

 

 
215

 

 

—

 

 
(15)

 

 
200

 

 

—

 

 
8

 

 
208

 

Total Company

 

$
7,050

 

$
2,495

 

$
(296)

 

$
9,249

 

$
53

 

$
(136)

 

$
9,166

 

 

Acquired Intangible Assets

 

 

 

 

 

 

 

 

(Millions)

    

2016

    

2015

 

Customer related intangible assets

 

$
1,939

 

$
1,973

 

Patents

 

 
602

 

 
616

 

Other technology-based intangible assets

 

 
524

 

 
525

 

Definite-lived tradenames

 

 
420

 

 
421

 

Other amortizable intangible assets

 

 
211

 

 
216

 

Total gross carrying amount

 

$
3,696

 

$
3,751

 

 

 

 

 

 

 

 

 

Accumulated amortization — customer related

 

 
(797)

 

 
(668)

 

Accumulated amortization — patents

 

 
(497)

 

 
(481)

 

Accumulated amortization — other technology based

 

 
(302)

 

 
(252)

 

Accumulated amortization — definite-lived tradenames

 

 
(236)

 

 
(215)

 

Accumulated amortization — other

 

 
(173)

 

 
(169)

 

Total accumulated amortization

 

$
(2,005)

 

$
(1,785)

 

 

 

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$
1,691

 

$
1,966

 

 

 

 

 

 

 

 

 

Non-amortizable intangible assets (primarily tradenames)

 

 
629

 

 
635

 

Total intangible assets — net

 

$
2,320

 

$
2,601

 

 

Schedule of amortization expense for acquired intangible assets

 

Amortization expense for the years ended December 31 follows:

 

 

 

 

 

 

 

 

 

 

 

 

(Millions)

    

2016

    

2015

    

2014

 

Amortization expense

 

$
262

 

$
229

 

$
228

 

 

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of December 31, 2016 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After

 

(Millions)

 

2017

 

2018

 

2019

 

2020

 

2021

 

2021

 

Amortization expense

 

$
223

 

$
202

 

$
190

 

$
180

 

$
164

 

$
732