CATERPILLAR INC | 2013 | FY | 3

Intangible assets are comprised of the following:
 
 
 
 
 
December 31, 2013
(Millions of dollars)
 
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
 
15
 
$
2,653

 
$
(539
)
 
$
2,114

Intellectual property
 
11
 
1,821

 
(495
)
 
1,326

Other
 
10
 
274

 
(136
)
 
138

Total finite-lived intangible assets
 
13
 
4,748

 
(1,170
)
 
3,578

Indefinite-lived intangible assets - In-process research & development
 
 
 
18

 
—

 
18

Total intangible assets
 
 
 
$
4,766

 
$
(1,170
)
 
$
3,596

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
 
15
 
$
2,756

 
$
(377
)
 
$
2,379

Intellectual property
 
12
 
1,767

 
(342
)
 
1,425

Other
 
10
 
299

 
(105
)
 
194

Total finite-lived intangible assets
 
13
 
4,822

 
(824
)
 
3,998

Indefinite-lived intangible assets - In-process research & development
 
 
 
18

 
—

 
18

Total intangible assets
 
 
 
$
4,840

 
$
(824
)
 
$
4,016

 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2011
 
 
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
 
15
 
$
2,811

 
$
(213
)
 
$
2,598

Intellectual property
 
11
 
1,794

 
(244
)
 
1,550

Other
 
11
 
299

 
(97
)
 
202

Total finite-lived intangible assets
 
13
 
4,904

 
(554
)
 
4,350

Indefinite-lived intangible assets - In-process research & development
 
 
 
18

 
—

 
18

Total intangible assets
 
 
 
$
4,922

 
$
(554
)
 
$
4,368

 
 
 
 
 
 
 
 
 

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The changes in carrying amount of goodwill by reportable segment for the years ended December 31, 2013, 2012 and 2011 were as follows:
 
(Millions of dollars)
 
December 31, 2012
 
Acquisitions 1
 
Held for Sale and Business Divestitures 2
 
Impairment Loss
 
Other Adjustments 3
 
December 31, 2013
Construction Industries
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
$
382

 
$
—

 
$
—

 
$
—

 
$
(56
)
 
$
326

Resource Industries
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
4,559

 
—

 
(55
)
 
—

 
11

 
4,515

Impairments
 
(602
)
 
—

 
—

 
—

 
—

 
(602
)
Net goodwill
 
3,957

 
—

 
(55
)
 
—

 
11

 
3,913

Power Systems
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
2,486

 
106

 
(10
)
 
—

 
18

 
2,600

All Other 4
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
117

 
—

 
—

 
—

 
—

 
117

Consolidated total
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
7,544

 
106

 
(65
)
 
—

 
(27
)
 
7,558

Impairments
 
(602
)
 
—

 
—

 
—

 
—

 
(602
)
Net goodwill
 
$
6,942

 
$
106

 
$
(65
)
 
$
—

 
$
(27
)
 
$
6,956

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2011
 
Acquisitions 1
 
Held for Sale and Business Divestitures 2
 
Impairment Loss
 
Other Adjustments 3
 
December 31, 2012
Construction Industries
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
$
378

 
$
22

 
$
—

 
$
—

 
$
(18
)
 
$
382

Resource Industries
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
4,121

 
597

 
(181
)
 
—

 
22

 
4,559

Impairments
 
(22
)
 
—

 
—

 
(580
)
 
—

 
(602
)
Net goodwill
 
4,099

 
597

 
(181
)
 
(580
)
 
22

 
3,957

Power Systems
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
2,486

 
9

 
—

 
—

 
(9
)
 
2,486

All Other 4
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
117

 
—

 
—

 
—

 
—

 
117

Consolidated total
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
7,102

 
628

 
(181
)
 
—

 
(5
)
 
7,544

Impairments
 
(22
)
 
—

 
—

 
(580
)
 
—

 
(602
)
Net goodwill
 
$
7,080

 
$
628

 
$
(181
)
 
$
(580
)
 
$
(5
)
 
$
6,942

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2010
 
Acquisitions 1
 
Held for Sale and Business Divestitures 2
 
Impairment Loss
 
Other Adjustments 3
 
December 31, 2011
Construction Industries
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
$
357

 
$
—

 
$
—

 
$
—

 
$
21

 
$
378

Resource Industries
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
73

 
4,616

 
(397
)
 
—

 
(171
)
 
4,121

Impairments
 
(22
)
 
—

 
—

 
—

 
—

 
(22
)
Net goodwill
 
51

 
4,616

 
(397
)
 
—

 
(171
)
 
4,099

Power Systems
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
2,077

 
410

 
—

 
—

 
(1
)
 
2,486

All Other 4
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
129

 
—

 
(12
)
 
—

 
—

 
117

Consolidated total
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
2,636

 
5,026

 
(409
)
 
—

 
(151
)
 
7,102

Impairments
 
(22
)
 
—

 
—

 
—

 
—

 
(22
)
Net goodwill
 
$
2,614

 
$
5,026

 
$
(409
)
 
$
—

 
$
(151
)
 
$
7,080

 
 
 
 
 
 
 
 
 
 
 
 
 
 
1 
See Note 24 for additional information.
2 
See Note 26 for additional information.
3 
Other adjustments are comprised primarily of foreign currency translation.
4 
Includes All Other operating segment (See Note 23).
 
 
 
 
 


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As of December 31, 2013, amortization expense related to intangible assets is expected to be:
 
(Millions of dollars)
2014
 
2015
 
2016
 
2017
 
2018
 
Thereafter
$
365

 
$
354

 
$
333

 
$
331

 
$
327

 
$
1,886

 
 
 
 
 
 
 
 
 
 
 

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