v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
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