Note 11 Goodwill and other intangible assets

Changes in “Goodwill” were as follows:

($ in millions)

Discrete
Automation and Motion

Low
Voltage
Products

Process
Automation

Power
Products

Power
Systems

Corporate and Other

Total

(1)

Amounts include adjustments arising during the twelve-month measurement period subsequent to the respective acquisition date.

Cost at January 1, 2014

3,914

3,059

1,229

736

1,709

41

10,688

Accumulated impairment charges

(18)

(18)

Balance at January 1, 2014

3,914

3,059

1,229

736

1,709

23

10,670

Goodwill acquired during the year(1)

(52)

1

24

9

27

9

Goodwill allocated to disposals

(181)

(19)

(7)

(27)

(234)

Exchange rate differences and other

(92)

(172)

(60)

(25)

(42)

(1)

(392)

Balance at December 31, 2014

3,770

2,707

1,174

720

1,660

22

10,053

Goodwill acquired during the year

24

6

4

34

Goodwill allocated to disposals

(1)

(23)

(24)

Exchange rate differences and other

(92)

(200)

(32)

(15)

(52)

(1)

(392)

Balance at December 31, 2015

3,702

2,507

1,147

709

1,585

21

9,671

In 2015, there were no significant acquisitions or divestments.

In 2014, goodwill allocated to disposals primarily related to the divestments of the Meyer Steel Structures and heating, ventilation and air conditioning (HVAC) businesses of Thomas & Betts included in the Low Voltage Products segment.

Intangible assets other than goodwill consisted of the following:

 

2015

2014

December 31, ($ in millions)

Gross carrying
amount

Accumulated
amortization

Net carrying
amount

Gross carrying
amount

Accumulated
amortization

Net carrying
amount

Capitalized software for internal use

692

(567)

125

719

(599)

120

Capitalized software for sale

401

(357)

44

405

(354)

51

Intangibles other than software:

 

 

 

 

 

 

Customer-related

2,517

(767)

1,750

2,618

(623)

1,995

Technology-related

790

(585)

205

782

(479)

303

Marketing-related

308

(140)

168

314

(120)

194

Other

67

(22)

45

72

(33)

39

Total

4,775

(2,438)

2,337

4,910

(2,208)

2,702

Additions to intangible assets other than goodwill consisted of the following:

($ in millions)

2015

2014

Capitalized software for internal use

63

52

Capitalized software for sale

15

28

Intangibles other than software:

 

 

Technology-related

33

Other

16

Total

111

96

There were no significant intangible assets acquired in business combinations during 2015 and 2014.

Amortization expense of intangible assets other than goodwill consisted of the following:

($ in millions)

2015

2014

2013

Capitalized software for internal use

60

72

81

Capitalized software for sale

21

20

34

Intangibles other than software

315

362

361

Total

396

454

476

In 2015, 2014 and 2013, impairment charges on intangible assets other than goodwill were not significant.

At December 31, 2015, future amortization expense of intangible assets other than goodwill is estimated to be:

($ in millions)

 

2016

364

2017

271

2018

236

2019

175

2020

175

Thereafter

1,116

Total

2,337