Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

v3.3.1.900
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2015 and 2014:
In millions
Components
 
Distribution
 
Power Generation
 
Engine
 
Total
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

Acquisitions
—

 
12

 
—

 
—

 
12

Translation and other
(9
)
 
1

 
(1
)
 
—

 
(9
)
Balance at December 31, 2015
$
391

 
$
75

 
$
10

 
$
6

 
$
482

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
2015
 
2014
Software
$
536

 
$
472

Less: Accumulated amortization
(269
)
 
(218
)
Net software
267

 
254

Trademarks, patents and other
165

 
164

Less: Accumulated amortization
(104
)
 
(75
)
Net trademarks, patents and other
61

 
89

Total intangible assets
$
328

 
$
343

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
2016
 
2017
 
2018
 
2019
 
2020
Projected amortization expense
$
86

 
$
70

 
$
52

 
$
41

 
$
27