Goodwill and Other Intangible Assets
The changes in the carrying amount of goodwill for the year ended December 31, 2013 were as follows (in millions):
|
| | | |
Balance as of December 31, 2012 | $ | 10,537 |
|
Goodwill acquired | 1,079 |
|
Goodwill disposed | (64 | ) |
Goodwill adjustment | (60 | ) |
Balance as of December 31, 2013 | $ | 11,492 |
|
As of December 31, 2013, the amount of goodwill related to the Motorola Mobile segment was not material.
Information regarding our acquisition-related intangible assets is as follows (in millions):
|
| | | | | | | | | | | |
| As of December 31, 2012 |
| Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount |
Patents and developed technology | $ | 7,310 |
| | $ | 1,323 |
| | $ | 5,987 |
|
Customer relationships | 2,061 |
| | 847 |
| | 1,214 |
|
Trade names and other | 576 |
| | 304 |
| | 272 |
|
Total | $ | 9,947 |
| | $ | 2,474 |
| | $ | 7,473 |
|
|
| | | | | | | | | | | |
| As of December 31, 2013 |
| Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Value |
Patents and developed technology | $ | 7,282 |
| | $ | 2,102 |
| | $ | 5,180 |
|
Customer relationships | 1,770 |
| | 1,067 |
| | 703 |
|
Trade names and other | 534 |
| | 351 |
| | 183 |
|
Total | $ | 9,586 |
| | $ | 3,520 |
| | $ | 6,066 |
|
Patents and developed technology, customer relationships, and trade names and other have weighted-average useful lives from the date of purchase of 8.1 years, 6.5 years, and 5.3 years. Amortization expense of acquisition-related intangible assets for the years ended December 31, 2011, 2012, and 2013 was $441 million, $884 million, and $1,158 million.
As of December 31, 2013, expected amortization expense for acquisition-related intangible assets for each of the next five years and thereafter was as follows (in millions):
|
| | | |
2014 | $ | 1,093 |
|
2015 | 934 |
|
2016 | 844 |
|
2017 | 781 |
|
2018 | 734 |
|
Thereafter | 1,680 |
|
| $ | 6,066 |
|
