Intangible Assets
The Company's amortizable and unamortizable intangible assets at December 31, 2013 and 2012 are as follows:
|
| | | | | | | | | | | | | | | |
| Cost | | Accumulated Amortization |
| 2013 | | 2012 | | 2013 | | 2012 |
Amortizable intangible assets: | | | | | | | |
Patents | $ | 14 |
| | $ | 14 |
| | $ | 9 |
| | $ | 8 |
|
Licenses | 48 |
| | 47 |
| | 22 |
| | 17 |
|
Customer relationships | 254 |
| | 255 |
| | 77 |
| | 61 |
|
Technical knowledge | 48 |
| | 48 |
| | 19 |
| | 15 |
|
Other | 29 |
| | 29 |
| | 23 |
| | 22 |
|
Total amortizable intangible assets | $ | 393 |
| | $ | 393 |
| | $ | 150 |
| | $ | 123 |
|
Unamortizable intangible assets: | | | | | | | |
Goodwill | $ | 717 |
| | $ | 717 |
| | $ | 26 |
| | $ | 26 |
|
Trademarks and trade names | 20 |
| | 20 |
| | 8 |
| | 8 |
|
Total unamortizable intangible assets | $ | 737 |
| | $ | 737 |
| | $ | 34 |
| | $ | 34 |
|
During the year ended December 31, 2013, the Company did not acquire any intangible assets or goodwill. During the year ended December 31, 2012, the Company added $155 of acquired intangible assets and $222 of acquired goodwill for acquisitions made during 2012.
The Company recorded amortization expense related to amortizable intangible assets of $27, $32 and $17 for the years ended December 31, 2013, 2012 and 2011, respectively. Amortizable intangible assets are amortized over their estimated useful lives, which range from one to twenty years, using the straight-line method. The Company expects to record annual amortization expense for all existing intangible assets in a range from approximately $21 to $24 from 2014 through 2018.
The changes in net goodwill for the years ended December 31, 2013 and 2012 are as follows:
|
| | | | | | | | |
| | 2013 | | 2012 |
Balance, beginning of year | | $ | 691 |
| | $ | 466 |
|
Acquisitions and divestitures | | (2 | ) | | 222 |
|
Impact of foreign currency exchange rates | | 2 |
| | 3 |
|
Balance, end of year | | $ | 691 |
| | $ | 691 |
|
Acquisition and divestiture activity during the current period is related to the finalization of purchase accounting for certain acquisitions as well as the writeoff of goodwill associated with the sale of the net assets of SAGE Labs in April 2013.
