Intangible Assets and Goodwill

INTANGIBLE ASSETS AND GOODWILL

The changes in the carrying amount of intangible assets and goodwill were as follows as of December 31, 2015 and 2014. See Note 20. Acquisitions and Divestitures for a further description of the goodwill and intangible assets resulting from Delphi's acquisitions in 2015 and 2014.



		As of December 31, 2015						As of December 31, 2014
	Estimated Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(Years)	(in millions)						(in millions)
Amortized intangible assets:
Patents and developed technology	6-15	$	745	$	279	$	466	$	633	$	229	$	404
Customer relationships	4-14	861		171		690		394		143		251
Trade names	5-20	105		30		75		99		26		73
Total		1,711		480		1,231		1,126		398		728
Unamortized intangible assets:
In-process research and development	—	24		—		24		—		—		—
Trade names	—	128		—		128		—		—		—
Goodwill	—	1,539		—		1,539		656		—		656
Total		$	3,402	$	480	$	2,922	$	1,782	$	398	$	1,384

Estimated amortization expense for the years ending December 31, 2016, 2017, 2018, 2019 and 2020 is presented below:



	Year Ending December 31,
	2016		2017		2018		2019		2020
	(in millions)
Estimated amortization expense	$	136	$	134	$	129	$	117	$	116

A roll-forward of the gross carrying amounts of intangible assets for the years ended December 31, 2015 and 2014 is presented below.



	2015			2014
	(in millions)
Balance at January 1	$	1,782		$	1,516
Acquisitions (1)	1,701			384
Foreign currency translation and other	(81		)	(118		)
Balance at December 31	$	3,402		$	1,782


(1)	Primarily attributable to the 2014 acquisitions of Antaya Technologies Corporation and Unwired Holdings, Inc. and the 2015 acquisitions of HellermannTyton Group PLC, Control-Tec LLC and Ottomatika, Inc., as further described in Note 20. Acquisitions and Divestitures.

A roll-forward of the accumulated amortization for the years ended December 31, 2015 and 2014 is presented below:



	2015			2014
	(in millions)
Balance at January 1	$	398		$	322
Amortization	93			94
Foreign currency translation and other	(11		)	(18		)
Balance at December 31	$	480		$	398

A roll-forward of the carrying amount of goodwill, by operating segment, for the years ended December 31, 2015 and 2014 is presented below:



	Electrical/Electronic Architecture			Powertrain Systems			Electronics and Safety		Total
	(in millions)
Balance at January 1, 2014	$	487		$	9		$	—	$	496
Acquisitions (1)	223			—			—		223
Foreign currency translation and other	(62		)	(1		)	—		(63		)
Balance at December 31, 2014	$	648		$	8		$	—	$	656
Acquisitions (2)	$	856		$	—		$	73	$	929
Foreign currency translation and other	(46		)	—			—		(46		)
Balance at December 31, 2015	$	1,458		$	8		$	73	$	1,539


(1)	Primarily attributable to the acquisitions of Antaya Technologies Corporation and Unwired Holdings, Inc., as further described in Note 20. Acquisitions and Divestitures.


(2)	Primarily attributable to the acquisitions of HellermannTyton Group PLC, Control-Tec LLC and Ottomatika, Inc., as further described in Note 20. Acquisitions and Divestitures.

- 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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