v3.3.1.900
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Intangible assets at December 31, 2015 and 2014 consisted of the following:

 

(in millions)

 

Remaining

Weighted-

Average

Estimated

Useful Life

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net Carrying

Amount

 

At December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management contracts

 

N/A

 

 

$

15,699

 

 

$

 

 

$

15,699

 

Trade names / trademarks

 

N/A

 

 

 

1,403

 

 

 

 

 

 

1,403

 

License

 

N/A

 

 

 

6

 

 

 

 

 

 

6

 

Total indefinite-lived intangible assets

 

 

 

 

 

 

17,108

 

 

 

 

 

 

17,108

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management contracts

 

 

3.7

 

 

 

1,003

 

 

 

741

 

 

 

262

 

Intellectual property

 

 

2.6

 

 

 

6

 

 

 

4

 

 

 

2

 

Total finite-lived intangible assets

 

 

3.7

 

 

 

1,009

 

 

 

745

 

 

 

264

 

Total intangible assets

 

 

 

 

 

$

18,117

 

 

$

745

 

 

$

17,372

 

At December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management contracts

 

N/A

 

 

$

15,579

 

 

$

 

 

$

15,579

 

Trade names / trademarks

 

N/A

 

 

 

1,403

 

 

 

 

 

 

1,403

 

License

 

N/A

 

 

 

6

 

 

 

 

 

 

6

 

Total indefinite-lived intangible assets

 

 

 

 

 

 

16,988

 

 

 

 

 

 

16,988

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Management contracts

 

 

3.8

 

 

 

1,390

 

 

 

1,036

 

 

 

354

 

Intellectual property

 

 

3.6

 

 

 

6

 

 

 

4

 

 

 

2

 

Total finite-lived intangible assets

 

 

3.8

 

 

 

1,396

 

 

 

1,040

 

 

 

356

 

Total intangible assets

 

 

 

 

 

$

18,384

 

 

$

1,040

 

 

$

17,344

 

 

N/A

— Not Applicable

Estimated Amortization Expense for Finite-lived Intangible Assets

Estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows:

 

(in millions)

 

 

 

 

Year

 

Amount

 

2016

 

$

97

 

2017

 

 

80

 

2018

 

 

30

 

2019

 

 

28

 

2020

 

 

14