Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.8.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017 and 2016:
In millions
Components
 
Distribution
 
Power Systems
 
Engine
 
Total
 
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

 
Acquisitions
544

(1) 
—

 
—

 
—

 
544

 
Translation and other
10

 
—

 
1

 
—

 
11

 
Balance at December 31, 2017
$
940

 
$
79

 
$
10

 
$
6

 
$
1,035

 
     Goodwill not yet allocated to segments
 
 
 
 
 
 
 
 
47

(2) 
 
 
 
 
 
 
 
 
 
$
1,082

 

____________________________________________________
(1) 
Acquisition goodwill relates to Eaton Cummins Automated Transmission Technologies. See Note 18, "ACQUISITIONS," for additional information.
(2) 
Goodwill associated with the Brammo Inc. acquisition was presented as a reconciling item as it had not yet been assigned to a reportable segment at December 31, 2017. Effective January 1, 2018, Brammo Inc. will be assigned to a new reportable segment called Electrified Power. See Note 18, "ACQUISITIONS," for additional information.
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
2017
 
2016
Software
$
718

 
$
617

Less: Accumulated amortization
(386
)
 
(330
)
Software, net
332

 
287

Trademarks, patents, customer relationships and other
786

 
164

Less: Accumulated amortization
(145
)
 
(119
)
Trademarks, patents, customer relationships and other, net
641

 
45

Total other intangible assets, net
$
973

 
$
332

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
2018
 
2019
 
2020
 
2021
 
2022
Projected amortization expense
$
130

 
$
116

 
$
101

 
$
76

 
$
55