Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.6.0.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
The following table summarizes the changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015:
In millions
Components
 
Distribution
 
Power Systems
 
Engine
 
Total
Balance at December 31, 2014
$
400

 
$
62

 
$
11

 
$
6

 
$
479

Acquisitions
—

 
12

 
—

 
—

 
12

Translation and other
(9
)
 
1

 
(1
)
 
—

 
(9
)
Balance at December 31, 2015
391

 
75

 
10

 
6

 
482

Acquisitions
—

 
4

 
—

 
—

 
4

Translation and other
(5
)
 
—

 
(1
)
 
—

 
(6
)
Balance at December 31, 2016
$
386

 
$
79

 
$
9

 
$
6

 
$
480

Summary of other intangible assets with finite useful lives that are subject to amortization
The following table summarizes our other intangible assets with finite useful lives that are subject to amortization:
 
December 31,
In millions
2016
 
2015
Software
$
617

 
$
536

Less: Accumulated amortization
(330
)
 
(269
)
Software, net
287

 
267

Trademarks, patents and other
164

 
165

Less: Accumulated amortization
(119
)
 
(104
)
Trademarks, patents and other, net
45

 
61

Total other intangible assets, net
$
332

 
$
328

Projected amortization expense of intangible assets
The projected amortization expense of our intangible assets, assuming no further acquisitions or dispositions, is as follows:
In millions
2017
 
2018
 
2019
 
2020
 
2021
Projected amortization expense
$
83

 
$
66

 
$
56

 
$
43

 
$
28