v2.4.0.8

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of goodwill | A summary of goodwill follows:
| 2013 |  | 2012
Electrical Products | $ | 7,189 |  |  | $ | 7,117 |
Electrical Systems and Services | 4,517 |  |  | 4,520 |
Hydraulics | 1,385 |  |  | 1,404 |
Aerospace | 1,048 |  |  | 1,045 |
Vehicle | 356 |  |  | 357 |
Total goodwill | $ | 14,495 |  |  | $ | 14,443 |
Summary of other intangible assets | A summary of other intangible assets follows:
| 2013 |  | 2012
| Historical cost |  | Accumulated amortization |  | Historical cost |  | Accumulated amortization
Intangible assets not subject to amortization (primarily trademarks) | $ | 1,868 |  |  |  |  | $ | 1,865 |  |  |
Intangible assets subject to amortization |  |  |  |  |  |  |
Customer relationships | $ | 3,859 |  |  | $ | 669 |  |  | $ | 3,838 |  |  | $ | 428 |
Patents and technology | 1,588 |  |  | 389 |  |  | 1,626 |  |  | 325 |
Other | 1,155 |  |  | 226 |  |  | 1,160 |  |  | 156 |
Total other intangible assets | $ | 6,602 |  |  | $ | 1,284 |  |  | $ | 6,624 |  |  | $ | 909 |
Expense related to intangible assets subject to amortization in 2012, and for each of the next five years | Amortization expense related to intangible assets subject to amortization in 2013, and estimated amortization expense for each of the next five years, follows:
2013 | $ | 432 |
2014 | 428 |
2015 | 422 |
2016 | 410 |
2017 | 399 |
2018 | 379 |
Other Intangible Assets Related to the Acquistion of Cooper [Table Text Block] | The estimated fair value of these identifiable intangible assets, their estimated useful lives and valuation methodology are as follows:
| Fair value |  | Useful life |  | Valuation method
Trade names (indefinite-lived) | $ | 1,410 |  |  | N/A |  | Relief-from-royalty
Trade names | 638 |  |  | 3-20 |  | Relief-from-royalty
Customer relationships | 2,510 |  |  | 13-18 |  | Multi-period excess earnings
Technology | 767 |  |  | 4-20 |  | Relief-from-royalty; Multi-period excess earnings
Contract-based | 44 |  |  | 9.5 |  | Relief-from-royalty
| $ | 5,369 |  |  |  |  |

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