Goodwill and Other Intangible Assets

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill by segment follow:



	Electrical Products			Electrical Systems and Services			Hydraulics			Aerospace			Vehicle			Total
December 31, 2013	$	7,189		$	4,517		$	1,385		$	1,048		$	356		$	14,495
Goodwill written off from sale of businesses	—			—			—			(78		)	—			(78		)
Translation	(249		)	(203		)	(58		)	(8		)	(6		)	(524		)
December 31, 2014	6,940			4,314			1,327			962			350			13,893
Additions	31			20			—			—			—			51
Reclassifications	(106		)	106			—			—			—			—
Translation	(223		)	(161		)	(68		)	(6		)	(7		)	(465		)
December 31, 2015	$	6,642		$	4,279		$	1,259		$	956		$	343		$	13,479

A summary of other intangible assets follows:



	2015				2014
	Historical cost		Accumulated amortization		Historical cost		Accumulated amortization
Intangible assets not subject to amortization
Trademarks	$	1,661			$	1,844

Intangible assets subject to amortization
Customer relationships	$	3,544	$	1,010	$	3,674	$	834
Patents and technology	1,447		511		1,494		440
Trademarks	1,113		311		980		250
Other	103		22		103		15
Total intangible assets subject to amortization	$	6,207	$	1,854	$	6,251	$	1,539

Amortization expense related to intangible assets subject to amortization in 2015, and estimated amortization expense for each of the next five years, follows:



2015	$	401
2016	394
2017	384
2018	364
2019	357
2020	352

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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