XML 128 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill and Intangible Assets, Net (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of Goodwill
Goodwill consists of the following:
 
June 30, 2012
 
December 31, 2011
  
Gross
Carrying
Amount
 
Accumulated
Impairment
 
Net
Carrying
Value
 
Gross
Carrying
Amount
 
Accumulated
Impairment
 
Net
Carrying
Value
 
(in millions)
Automotive
$
1,331

 
$
(226
)
 
$
1,105

 
$
1,323

 
$
(226
)
 
$
1,097

Energy
894

 

 
894

 

 

 

Railcar
7

 

 
7

 
7

 

 
7

Food Packaging
3

 

 
3

 
3

 

 
3

Metals
14

 

 
14

 
20

 

 
20

 
$
2,249

 
$
(226
)
 
$
2,023

 
$
1,353

 
$
(226
)
 
$
1,127

Goodwill consists of the following:
 
December 31, 2011
 
Automotive
 
Railcar
 
Food Packaging
 
Metals
 
Consolidated
 
(in millions)
   Gross carrying amount, January 1
$
1,343

 
$
7

 
$
3

 
$
2

 
$
1,355

      Acquisitions

 

 

 
19

 
19

      Adjustment to step-up value
(19
)
 

 

 
(1
)
 
(20
)
      Foreign exchange
(1
)
 

 

 

 
(1
)
   Gross carrying amount, December 31
1,323

 
7

 
3

 
20

 
1,353

 
 
 
 
 
 
 
 
 
 
   Accumulated impairment, January 1
(226
)
 

 

 

 
(226
)
      Impairment

 

 

 

 

   Accumulated impairment, December 31
(226
)
 

 

 

 
(226
)
 
 
 
 
 
 
 
 
 
 
Net carrying value, December 31
$
1,097

 
$
7

 
$
3

 
$
20

 
$
1,127

 
December 31, 2010
 
Automotive
 
Railcar
 
Food Packaging
 
Metals
 
Consolidated
 
(in millions)
   Gross carrying amount, January 1
$
1,292

 
$
7

 
$
3

 
$

 
$
1,302

      Acquisitions
16

 

 

 
2

 
18

      Adjustment to step-up value
35

 

 

 

 
35

   Gross carrying amount, December 31
1,343

 
7

 
3

 
2

 
1,355

 
 
 
 
 
 
 
 
 
 
   Accumulated impairment, January 1
(219
)
 

 

 

 
(219
)
      Revised 2008 goodwill impairment
(7
)
 

 

 

 
(7
)
   Accumulated impairment, December 31
(226
)
 

 

 

 
(226
)
 
 
 
 
 
 
 
 
 
 
Net carrying value, December 31
$
1,117

 
$
7

 
$
3

 
$
2

 
$
1,129

Schedule of Definite-Lived and Infinite-Lived Intangible Assets
Intangible assets, net consists of the following:
 
 
 
June 30, 2012
 
December 31, 2011
  
Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
(in years)
 
(in millions)
Definite-lived intangible assets:
  
 
 
  

 
  

 
  

 
  

 
  

 
  

   Automotive
1 - 22
 
$
656

 
$
(246
)
 
$
410

 
$
656

 
$
(222
)
 
$
434

   Energy
20 - 25
 
358

 
(3
)
 
355

 

 

 

   Gaming
3 - 42
 
17

 
(2
)
 
15

 
25

 
(2
)
 
23

   Food Packaging
6 - 12
 
23

 
(15
)
 
8

 
23

 
(14
)
 
9

   Metals
5 - 15
 
20

 
(8
)
 
12

 
15

 
(7
)
 
8

   Real Estate
12 - 12.5
 
121

 
(38
)
 
83

 
121

 
(34
)
 
87

 
 
 
$
1,195

 
$
(312
)
 
883

 
$
840

 
$
(279
)
 
561

Indefinite-lived intangible assets:
 
 
  

 
  

 
  

 
  

 
  

 
  

   Automotive
  
 
  

 
  

 
264

 
  

 
  

 
277

   Gaming
  
 
  

 
  

 
54

 
  

 
  

 
54

   Food Packaging
  
 
  

 
  

 
2

 
  

 
  

 
2

   Metals
 
 
 
 
 
 
2

 
 
 
 
 
2

   Home Fashion
 
 
 
 
 
 
3

 
 
 
 
 
3

 
 
 
 
 
 
 
325

 
 
 
 
 
338

Intangible assets, net
 
 
 
 
 
 
$
1,208

 
 
 
 
 
$
899

Intangible assets, net consists of the following:
 
 
 
December 31, 2011
 
December 31, 2010
  
Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
(in years)
 
(in millions)
Definite-lived intangible assets:
  
 
 
  

 
  

 
  

 
  

 
  

 
  

   Automotive
1 - 22
 
$
656

 
$
(222
)
 
$
434

 
$
658

 
$
(174
)
 
$
484

   Gaming
3 - 42
 
25

 
(2
)
 
23

 
25

 

 
25

   Food Packaging
6 - 12
 
23

 
(14
)
 
9

 
23

 
(11
)
 
12

   Metals
5 - 15
 
15

 
(7
)
 
8

 
11

 
(5
)
 
6

   Real Estate
12 - 12.5
 
121

 
(34
)
 
87

 
121

 
(24
)
 
97

 
 
 
$
840

 
$
(279
)
 
561

 
$
838

 
$
(214
)
 
624

Indefinite-lived intangible assets:
 
 
  

 
  

 
  

 
  

 
  

 
  

   Automotive
  
 
  

 
  

 
277

 
  

 
  

 
314

   Gaming
  
 
  

 
  

 
54

 
  

 
  

 
54

   Food Packaging
  
 
  

 
  

 
2

 
  

 
  

 
2

   Metals
 
 
 
 
 
 
2

 
 
 
 
 

   Home Fashion
 
 
 
 
 
 
3

 
 
 
 
 
5

 
 
 
 
 
 
 
338

 
 
 
 
 
375

Intangible assets, net
 
 
 
 
 
 
$
899

 
 
 
 
 
$
999

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]  
The estimated future amortization expense for our definite-lived intangible assets is as follows:
Year
 
Amount
 
 
(in millions)
2012
 
$
64

2013
 
60

2014
 
59

2015
 
59

2016
 
56

Thereafter
 
264

 
 
$
562