Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v2.4.1.9
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2014
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, 2014 and 2013:
In millions
Components
 
Distribution
 
Power Generation
 
Engine
 
Total
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

Acquisitions
—

 
31

 
—

 
—

 
31

Translation and other
(11
)
 
—

 
(2
)
 
—

 
(13
)
Balance at December 31, 2014
$
400

 
$
62

 
$
11

 
$
6

 
$
479

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
2014
 
2013
Software
$
472

 
$
494

Less: Accumulated amortization
(218
)
 
(218
)
Net software
254

 
276

Trademarks, patents and other
164

 
135

Less: Accumulated amortization
(75
)
 
(54
)
Net trademarks, patents and other
89

 
81

Total
$
343

 
$
357

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
2015
 
2016
 
2017
 
2018
 
2019
Projected amortization expense
$
86

 
$
75

 
$
56

 
$
36

 
$
25