OWENS-ILLINOIS GROUP INC | 2013 | FY | 3


7.  Other Assets

 

Other assets consist of the following at December 31, 2013 and 2012:

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Deferred tax assets

 

$

237

 

$

284

 

Capitalized software

 

114

 

115

 

Deferred returnable packaging costs

 

124

 

96

 

Non-income tax receivable

 

70

 

20

 

Deferred finance fees

 

33

 

40

 

Intangibles

 

23

 

29

 

Other

 

78

 

91

 

 

 

$

679

 

$

675

 

 

Capitalized software includes costs related to the acquisition and development of internal-use software. These costs are amortized over the estimated useful life of the software. Amortization expense for capitalized software was $14 million, $15 million and $11 million for 2013, 2012 and 2011, respectively. Estimated amortization related to capitalized software through 2018 is as follows: 2014, $17 million; 2015, $16 million; 2016, $13 million; 2017, $13 million; and 2018, $12 million.


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