Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in the carrying amount of goodwill

Changes in the carrying amount of goodwill, for the years ended December 31, 2020 and 2019 are as follows:


	Agriculture		Construction		Commercial & Specialty Vehicles		Powertrain		Financial Services		Total
	(in millions)
Balance at January 1, 2019	$	1,646	$	587	$	62	$	5	$	153	$	2,453
Impact of foreign exchange and other	6		—		(3)		—		2		5
Acquisitions	80		—		—		—		—		80
Balance at December 31, 2019	$	1,732	$	587	$	59	$	5	$	155	$	2,538
Foreign currency translation and other	(37)		(2)		6		2		2		(29)
Goodwill impairment charge	—		(585)		—		—		—		(585)
Balance at December 31, 2020	$	1,695	$	—	$	65	$	7	$	157	$	1,924

Schedule of other intangible assets and related accumulated amortization

As of December 31, 2020, and December 31, 2019, the Company’s other intangible assets and related accumulated amortization consisted of the following:


		2020						2019
	Weighted Avg. Life	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
		(in millions)
Other intangible assets subject to amortization:
Dealer networks	15	$	311	$	241	$	70	$	320	$	224	$	96
Patents, concessions, licenses and other	5-25	2,107		1,678		429		1,965		1,528		437
		2,418		1,919		499		2,285		1,752		533
Other intangible assets not subject to amortization:
Trademarks		273		—		273		273		—		273
Total Other intangible assets		$	2,691	$	1,919	$	772	$	2,558	$	1,752	$	806