v3.8.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets  
Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Dec. 31,

    

2016

    

2016

    

Dec. 31,

    

2017

    

2017

    

2017

    

Dec. 31,

 

 

 

2015

 

acquisition

 

translation

 

2016

 

acquisition

 

divestiture

 

translation

 

2017

 

(Millions)

 

Balance

 

activity

 

and other

 

Balance

 

activity

 

activity

 

and other

 

Balance

 

Industrial

 

$

2,573

 

$

 —

 

$

(37)

 

$

2,536

 

$

 —

 

$

 —

 

$

142

 

$

2,678

 

Safety and Graphics

 

 

3,342

 

 

41

 

 

(59)

 

 

3,324

 

 

1,296

 

 

(323)

 

 

122

 

 

4,419

 

Health Care

 

 

1,624

 

 

12

 

 

(27)

 

 

1,609

 

 

 6

 

 

 —

 

 

67

 

 

1,682

 

Electronics and Energy

 

 

1,510

 

 

 —

 

 

(21)

 

 

1,489

 

 

 —

 

 

 —

 

 

35

 

 

1,524

 

Consumer

 

 

200

 

 

 —

 

 

 8

 

 

208

 

 

 —

 

 

 —

 

 

 2

 

 

210

 

Total Company

 

$

9,249

 

$

53

 

$

(136)

 

$

9,166

 

$

1,302

 

$

(323)

 

$

368

 

$

10,513

 

 

Acquired Intangible Assets

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

 

(Millions)

    

2017

    

2016

 

Customer related intangible assets

 

$

2,332

 

$

1,939

 

Patents

 

 

561

 

 

602

 

Other technology-based intangible assets

 

 

583

 

 

524

 

Definite-lived tradenames

 

 

678

 

 

420

 

Other amortizable intangible assets

 

 

207

 

 

211

 

Total gross carrying amount

 

$

4,361

 

$

3,696

 

 

 

 

 

 

 

 

 

Accumulated amortization — customer related

 

 

(874)

 

 

(797)

 

Accumulated amortization — patents

 

 

(489)

 

 

(497)

 

Accumulated amortization — other technology based

 

 

(292)

 

 

(302)

 

Accumulated amortization — definite-lived tradenames

 

 

(256)

 

 

(236)

 

Accumulated amortization — other

 

 

(162)

 

 

(173)

 

Total accumulated amortization

 

$

(2,073)

 

$

(2,005)

 

 

 

 

 

 

 

 

 

Total finite-lived intangible assets — net

 

$

2,288

 

$

1,691

 

 

 

 

 

 

 

 

 

Non-amortizable intangible assets (primarily tradenames)

 

 

648

 

 

629

 

Total intangible assets — net

 

$

2,936

 

$

2,320

 

 

Schedule of amortization expense for acquired intangible assets

 

Amortization expense for the years ended December 31 follows:

 

 

 

 

 

 

 

 

 

 

 

 

(Millions)

    

2017

    

2016

    

2015

 

Amortization expense

 

$

238

 

$

262

 

$

229

 

 

Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of December 31, 2017 follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

After

 

(Millions)

 

2018

 

2019

 

2020

 

2021

 

2022

 

2022

 

Amortization expense

 

$

252

 

$

242

 

$

231

 

$

221

 

$

208

 

$

1,134