EBAY INC | 2013 | FY | 3

Goodwill and Intangible Assets

Goodwill

The following table presents goodwill balances and adjustments to those balances for each of our reportable segments and corporate investments for the years ended December 31, 2013 and 2012:
 
December 31,
2011
 
Goodwill Acquired
 
Adjustments/Allocations
 
December 31,
2012
 
Goodwill
Acquired
 
Adjustments/Disposals
 
December 31,
2013
 
(In millions)
Reportable segments:
 
 
 
 
 
 
 
 
 
 
 
 
 
Marketplaces
$
4,510

 
$
92

 
$
130

 
$
4,732

 
$
112

 
$
17

 
$
4,861

Payments
2,515

 
8

 
(4
)
 
2,519

 
602

 
(1
)
 
3,120

Enterprise
1,293

 
—

 
(54
)
 
1,239

 
—

 
—

 
1,239

Corporate and other
47

 
—

 
—

 
47

 
—

 
—

 
47

Total Goodwill
$
8,365

 
$
100

 
$
72

 
$
8,537

 
$
714

 
$
16

 
$
9,267



The adjustments to goodwill during the year ended December 31, 2013 were due primarily to foreign currency translation. The adjustments to goodwill during the year ended December 31, 2012 were due primarily to foreign currency translation and changes in tax items. A portion of goodwill acquired as part of the GSI acquisition and Magento acquisition (included in Corporate and Other) was allocated to the Marketplaces and Payments segments, respectively, based on synergies expected to be realized.
We conducted our annual impairment test of goodwill as of August 31, 2013 and determined that no adjustment to the carrying value of goodwill for any reportable units was necessary. As of December 31, 2013, we determined that no events or circumstances from August 31, 2013 through December 31, 2013 indicated that a further assessment was necessary.

Intangible Assets

The components of identifiable intangible assets are as follows: 
 
December 31, 2013
 
December 31, 2012
 
Gross Carrying Amount  
 
Accumulated Amortization 
 
Net Carrying Amount
 
Weighted Average Useful Life (Years)
 
Gross Carrying Amount 
 
Accumulated Amortization 
 
Net Carrying Amount
 
Weighted Average Useful Life (Years)
 
(In millions, except years)
Intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer lists and user base
$
1,653

 
$
(1,213
)
 
$
440

 
5
 
$
1,644

 
$
(991
)
 
$
653

 
5
Trademarks and trade names
780

 
(677
)
 
103

 
5
 
743

 
(569
)
 
174

 
5
Developed technologies
554

 
(401
)
 
153

 
4
 
525

 
(322
)
 
203

 
4
Braintree related (1)
155

 
—

 
155

 
—
 
N/A

 
N/A

 
N/A

 
N/A
All other
273

 
(183
)
 
90

 
4
 
252

 
(154
)
 
98

 
4
 
$
3,415

 
$
(2,474
)
 
$
941

 
 
 
$
3,164

 
$
(2,036
)
 
$
1,128

 
 

  
 
(1)
Our evaluation of Braintree related intangible assets is preliminary and remains subject to post-closing adjustment as we are still evaluating the fair value and the useful lives of these assets.

Amortization expense for intangible assets was $424 million, $433 million and $337 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Expected future intangible asset amortization as of December 31, 2013 is as follows (in millions):
Fiscal years(1):
 
2014
$
326

 
2015
257

 
2016
133

 
2017
40

 
2018
24

 
Thereafter
6

 
 
$
786


  
 
(1)
Table excludes $155 million of expected future amortization of intangible assets related to the Braintree acquisition as we are still evaluating the fair value and the useful lives of these assets.

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