Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v2.4.0.8
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2013
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 2013 and 2012:
In millions
Components
 
Distribution
 
Power Generation
 
Engine
 
Total
Balance at December 31, 2011
$
311

 
$
10

 
$
12

 
$
6

 
$
339

Acquisitions
91

 
9

 
—

 
—

 
100

Translation and other
6

 
—

 
—

 
—

 
6

Balance at December 31, 2012
408

 
19

 
12

 
6

 
445

Acquisitions
—

 
13

 
—

 
—

 
13

Translation and other
3

 
(1
)
 
1

 
—

 
3

Balance at December 31, 2013
$
411

 
$
31

 
$
13

 
$
6

 
$
461

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
2013
 
2012
Software
$
494

 
$
495

Less: Accumulated amortization
(218
)
 
(218
)
Net software
276

 
277

Trademarks, patents and other
135

 
140

Less: Accumulated amortization
(54
)
 
(48
)
Net trademarks, patents and other
81

 
92

Total
$
357

 
$
369

Projected amortization expense of intangible assets
The projected amortization expense of our intangible assets, assuming no further acquisitions or dispositions, was as follows:
 
For the years ended
In millions
2014
 
2015
 
2016
 
2017
 
2018
Projected amortization expense
$
74

 
$
78

 
$
72

 
$
51

 
$
27