XML 54 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
Changes in the carrying amount of goodwill follow:
(Dollars in millions)
Additives & Functional Products
 
Adhesives & Plasticizers
 
Advanced Materials
 
Specialty Fluids & Intermediates
 
Other Segments
 
Total
As of December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
948

 
$
167

 
$
1,040

 
$
514

 
$
14

 
$
2,683

Accumulated impairment losses
—

 
(35
)
 
—

 
—

 
(11
)
 
(46
)
Goodwill, net
$
948

 
$
132

 
$
1,040

 
$
514

 
$
3

 
$
2,637

Additions
908

 
—

 
274

 
693

 
7

 
1,882

Adjustments resulting from reorganizations
15

 
(9
)
 
(9
)
 
—

 
3

 
—

Currency translation adjustments
(13
)
 
(5
)
 
(8
)
 
(7
)
 
—

 
(33
)
As of December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
1,858

 
$
153

 
$
1,297

 
$
1,200

 
$
24

 
$
4,532

Accumulated impairment losses
—

 
(35
)
 
—

 
—

 
(11
)
 
(46
)
Goodwill, net
$
1,858

 
$
118

 
$
1,297

 
$
1,200

 
$
13

 
$
4,486

Impairments
—

 
—

 
—

 
—

 
(3
)
 
(3
)
Adjustments resulting from the finalization of fair values related to the Taminco acquisition
8

 
—

 
—

 
38

 
—

 
46

Currency translation adjustments and other
(1
)
 
(7
)
 
(4
)
 
1

 
—

 
(11
)
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
1,865

 
$
146

 
$
1,293

 
$
1,239

 
$
24

 
$
4,567

Accumulated impairment losses
—

 
(35
)
 
—

 
—

 
(14
)
 
(49
)
Goodwill, net
$
1,865

 
$
111

 
$
1,293

 
$
1,239

 
$
10

 
$
4,518
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class
 
 
 
 
December 31, 2015
 
December 31, 2014
(Dollars in millions)
Estimated Useful Life in Years
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
15
-
25
$
1,547

 
$
187

 
$
1,360

 
$
1,575

 
$
114

 
$
1,461

Technology
7
-
20
680

 
146

 
534

 
705

 
96

 
609

Contracts
 
5

180

 
39

 
141

 
179

 
3

 
176

Other
5
-
37
99

 
10

 
89

 
114

 
6

 
108

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
 
 
 
526

 
—

 
526

 
551

 
—

 
551

Total identified intangible assets
 
 
 
$
3,032

 
$
382

 
$
2,650

 
$
3,124

 
$
219

 
$
2,905