(in millions) | S&P Ratings | S&P Capital IQ | S&P DJ Indices | C&C | Total | ||||||||||||||
Balance as of December 31, 2011 | $ | 197 | $ | 238 | $ | 223 | $ | 446 | $ | 1,104 | |||||||||
Acquisitions | 29 | 164 | 111 | 21 | 325 | ||||||||||||||
Transfers/reorganizations | (95 | ) | 53 | 45 | — | 3 | |||||||||||||
Other (primarily Fx) | (1 | ) | 2 | 1 | 4 | 6 | |||||||||||||
Balance as of December 31, 2012 | 130 | 457 | 380 | 471 | 1,438 | ||||||||||||||
Dispositions | — | (3 | ) | (4 | ) | (29 | ) | (36 | ) | ||||||||||
Other (primarily Fx) | (5 | ) | 15 | — | — | 10 | |||||||||||||
Balance as of December 31, 2013 | $ | 125 | $ | 469 | $ | 376 | $ | 442 | $ | 1,412 |
• | $380 million and $90 million, for Dow Jones Indices intellectual property and the Dow Jones tradename, respectively, that we recorded as part of the transaction to form S&P Dow Jones Indices LLC in 2012 further described in Note 2 – Acquisitions and Divestitures, and |
• | $164 million within our C&C segment for the J.D. Power and Associates tradename. |
(in millions) | |||||||||||||||||||||||
Cost | Databases and software | Content | Customer relationships | Tradenames | Other intangibles | Total | |||||||||||||||||
Balance as of December 31, 2011 | $ | 109 | $ | 139 | $ | 115 | $ | 45 | $ | 62 | $ | 470 | |||||||||||
Acquisitions | 17 | — | 110 | 1 | 108 | 236 | |||||||||||||||||
Other (primarily Fx) | — | — | — | (1 | ) | 1 | — | ||||||||||||||||
Balance as of December 31, 2012 | 126 | 139 | 225 | 45 | 171 | 706 | |||||||||||||||||
Acquisitions | — | — | — | — | 44 | 44 | |||||||||||||||||
Dispositions | (9 | ) | — | — | — | (13 | ) | (22 | ) | ||||||||||||||
Impairment 1 | — | — | — | — | (26 | ) | (26 | ) | |||||||||||||||
Other (primarily Fx) | (2 | ) | — | — | — | (6 | ) | (8 | ) | ||||||||||||||
Balance as of December 31, 2013 | $ | 115 | $ | 139 | $ | 225 | $ | 45 | $ | 170 | $ | 694 | |||||||||||
Accumulated amortization | |||||||||||||||||||||||
Balance as of December 31, 2011 | $ | 70 | $ | 17 | $ | 43 | $ | 27 | $ | 50 | $ | 207 | |||||||||||
Current year amortization | 10 | 14 | 11 | 3 | 10 | 48 | |||||||||||||||||
Other (primarily Fx) | — | — | 1 | — | 3 | 4 | |||||||||||||||||
Balance as of December 31, 2012 | 80 | 31 | 55 | 30 | 63 | 259 | |||||||||||||||||
Current year amortization | 9 | 14 | 11 | 2 | 15 | 51 | |||||||||||||||||
Dispositions | (6 | ) | — | — | — | (9 | ) | (15 | ) | ||||||||||||||
Other (Primarily Fx) | — | — | 1 | — | (1 | ) | — | ||||||||||||||||
Balance as of December 31, 2013 | $ | 83 | $ | 45 | $ | 67 | $ | 32 | $ | 68 | $ | 295 | |||||||||||
Net definite-lived intangibles: | |||||||||||||||||||||||
December 31, 2012 | $ | 46 | $ | 108 | $ | 170 | $ | 15 | $ | 108 | $ | 447 | |||||||||||
December 31, 2013 | $ | 32 | $ | 94 | $ | 158 | $ | 13 | $ | 102 | $ | 399 |
1 | We incurred a $26 million non-cash impairment charge associated with an intangible asset acquired through the formation of our S&P Dow Jones Indices LLC joint venture. |
(in millions) | Amortization expense | Expected amortization expense | |||||
2011 | $ | 33 | |||||
2012 | 48 | ||||||
2013 | 51 | ||||||
2014 | $ | 47 | |||||
2015 | 45 | ||||||
2016 | 45 | ||||||
2017 | 42 | ||||||
2018 | 36 |