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Goodwill and other intangible assets
6 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and other intangible assets

Note 13. Goodwill and other intangible assets

Reconciliations of the changes in the carrying value of goodwill for the first six months of 2019 and for the year ended December 31, 2018 follows (in millions).

 

 

June 30,

2019

 

 

December 31,

2018

 

Balance at beginning of year

 

$

81,025

 

 

$

81,258

 

Acquisitions of businesses

 

 

216

 

 

 

376

 

Other, including foreign currency translation

 

 

28

 

 

 

(609

)

Balance at end of period

 

$

81,269

 

 

$

81,025

 

 

Our other intangible assets and related accumulated amortization are summarized as follows (in millions).

 

 

June 30, 2019

 

 

December 31, 2018

 

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

 

Gross

carrying

amount

 

 

Accumulated

amortization

 

Insurance and other

 

$

40,613

 

 

$

9,581

 

 

$

40,493

 

 

$

8,994

 

Railroad, utilities and energy

 

 

1,011

 

 

 

385

 

 

 

1,011

 

 

 

362

 

 

 

$

41,624

 

 

$

9,966

 

 

$

41,504

 

 

$

9,356

 

Trademarks and trade names

 

$

5,368

 

 

$

763

 

 

$

5,368

 

 

$

750

 

Patents and technology

 

 

4,502

 

 

 

2,927

 

 

 

4,446

 

 

 

2,790

 

Customer relationships

 

 

28,449

 

 

 

4,990

 

 

 

28,375

 

 

 

4,573

 

Other

 

 

3,305

 

 

 

1,286

 

 

 

3,315

 

 

 

1,243

 

 

 

$

41,624

 

 

$

9,966

 

 

$

41,504

 

 

$

9,356

 

 

Intangible asset amortization expense in the first six months was $658 million in 2019 and $707 million in 2018. Intangible assets with indefinite lives as of June 30, 2019 and December 31, 2018 were $18.9 billion and primarily related to certain customer relationships and trademarks and trade names.