BERKSHIRE HATHAWAY INC | 2013 | FY | 3


(11) Goodwill and other intangible assets

A reconciliation of the change in the carrying value of goodwill is as follows (in millions).

 

     December 31,  
     2013     2012  

Balance at beginning of year

   $ 54,523      $ 53,213   

Acquisitions of businesses

     2,732        1,442   

Other, including foreign currency translation

     (244     (132
  

 

 

   

 

 

 

Balance at end of year

   $ 57,011      $ 54,523   
  

 

 

   

 

 

 

Intangible assets other than goodwill are included in other assets and are summarized as follows (in millions).

 

     December 31, 2013      December 31, 2012  
     Gross carrying
amount
     Accumulated
amortization
     Gross carrying
amount
     Accumulated
amortization
 

Insurance and other

   $ 11,923       $ 3,723       $ 11,737       $ 2,994   

Railroad, utilities and energy

     2,214         1,231         2,163         913   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 14,137       $ 4,954       $ 13,900       $ 3,907   
  

 

 

    

 

 

    

 

 

    

 

 

 

Trademarks and trade names

   $ 2,750       $ 340       $ 2,819       $ 278   

Patents and technology

     5,173         2,626         5,014         2,059   

Customer relationships

     4,690         1,518         4,565         1,155   

Other

     1,524         470         1,502         415   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 14,137       $ 4,954       $ 13,900       $ 3,907   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Amortization expense was $1,090 million in 2013, $1,008 million in 2012 and $809 million in 2011. Estimated amortization expense over the next five years is as follows (in millions): 2014 – $1,052; 2015 – $752; 2016 – $692; 2017 – $648 and 2018 – $635. Intangible assets with indefinite lives as of December 31, 2013 and 2012 were $2,221 million and $2,328 million, respectively.


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