EASTMAN CHEMICAL CO | 2013 | FY | 3

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill follow:
(Dollars in millions)
Additives & Functional Products
 
Adhesives & Plasticizers
 
Advanced Materials
 
Specialty Fluids & Intermediates
 
Other Segments
 
Total
Reported balance at December 31, 2011
$
211

 
$
134

 
$
1

 
$
56

 
$
4

 
$
406

Additions
740

 
—

 
1,027

 
463

 
—

 
2,230

Impairments
—

 
—

 
—

 
—

 
(1
)
 
(1
)
Currency translation adjustments
(6
)
 
(1
)
 
16

 
—

 
—

 
9

Reported balance at December 31, 2012
945

 
133

 
1,044

 
519

 
3

 
2,644

Adjustments resulting from subsequent recognition of deferred tax assets
5

 
—

 
(23
)
 
(4
)
 
—

 
(22
)
Currency translation adjustments
(2
)
 
(1
)
 
19

 
(1
)
 
—

 
15

Reported balance at December 31, 2013
$
948

 
$
132

 
$
1,040

 
$
514

 
$
3

 
$
2,637



As a result of the purchase of Solutia during third quarter 2012, the Company recorded goodwill of $2,208 million.  

Included in the reported balance for goodwill are accumulated impairment losses of $46 million at December 31, 2013, $46 million at December 31, 2012, and $45 million at December 31, 2011.
 
 
December 31, 2013
 
December 31, 2012
(Dollars in millions)
Estimated Useful Life in Years
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
 
Gross Carrying Value
 
Accumulated Amortization
 
Net Carrying Value
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
15-25
$
863

 
$
71

 
$
792

 
$
869

 
$
29

 
$
840

Technology
7-17
455

 
58

 
397

 
454

 
21

 
433

Other
5-20
4

 
—

 
4

 
4

 
—

 
4

 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trade names
 
568

 
—

 
568

 
572

 
—

 
572

Total identified intangible assets
 
$
1,890

 
$
129

 
$
1,761

 
$
1,899

 
$
50

 
$
1,849



As a result of the purchase of Solutia during third quarter 2012, the Company recorded intangible assets of $1,791 million, primarily for customer relationships, trade names, and developed technology.

Amortization expense of definite-lived intangible assets related to continuing operations was $80 million, $42 million, and $4 million for 2013, 2012, and 2011, respectively. Estimated amortization expense for future periods is $79 million in each year for 2014 through 2018.

See Note 2, "Acquisitions and Investments in Joint Ventures", for further details regarding the acquisition of Solutia.

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