Goodwill and Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill



	Advanced Engineered Materials	Consumer Specialties	Industrial Specialties	Acetyl Intermediates	Total
	(In $ millions)
As of December 31, 2012
Goodwill	297	249	42	189	777
Accumulated impairment losses	—	—	—	—	—
Net book value	297	249	42	189	777
Exchange rate changes	3	2	—	5	10
As of September 30, 2013
Goodwill	300	251	42	194	787
Accumulated impairment losses	—	—	—	—	—
Net book value	300	251	42	194	787

The Company assesses the recoverability of the carrying value of its reporting unit goodwill either qualitatively or quantitatively annually during the third quarter of its fiscal year using June 30 balances or whenever events or changes in circumstances indicate that the carrying amount of the asset may not be fully recoverable. In connection with the Company's annual goodwill impairment assessment, the Company did not record an impairment loss to goodwill during the nine months ended September 30, 2013 as the estimated fair value for each of the Company's reporting units exceeded the carrying value of the underlying assets by a substantial margin.

Schedule of Finite-Lived Intangible Assets, Net

Finite-lived intangibles are as follows:



	Licenses		Customer- Related Intangible Assets		Developed Technology		Covenants Not to Compete and Other		Total
	(In $ millions)
Gross Asset Value
As of December 31, 2012	32		525		30		32		619
Acquisitions	—		—		—		7		7		⁽¹⁾
Exchange rate changes	1		10		—		—		11
As of September 30, 2013	33		535		30		39		637
Accumulated Amortization
As of December 31, 2012	(16	)	(480	)	(17	)	(23	)	(536	)
Amortization	(3	)	(19	)	(2	)	(2	)	(26	)
Exchange rate changes	—		(10	)	—		—		(10	)
As of September 30, 2013	(19	)	(509	)	(19	)	(25	)	(572	)
Net book value	14		26		11		14		65

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⁽¹⁾	Weighted average amortization period is 29 years.

Schedule of Indefinite-Lived Intangible Assets, Net

Indefinite-lived intangibles are as follows:



	Trademarks and Trade Names
	(In $ millions)
As of December 31, 2012	82
Acquisitions	—
Accumulated impairment losses	(1	)
Exchange rate changes	1
As of September 30, 2013	82

Schedule of Estimated Amortization Expense

Estimated amortization expense for the succeeding five fiscal years is as follows:



	(In $ millions)
2014	20
2015	11
2016	8
2017	7
2018	4