XML 70 R45.htm IDEA: XBRL DOCUMENT v3.3.1.900
Goodwill and Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill
 
Advanced
Engineered
Materials
 
Consumer
Specialties
 
Industrial
Specialties
 
Acetyl
Intermediates
 
Total
 
(In $ millions)
As of December 31, 2013
303

 
254

 
43

 
198

 
798

Acquisitions (Note 4)
9

 
—

 
—

 
—

 
9

Exchange rate changes
(17
)
 
(14
)
 
(2
)
 
(25
)
 
(58
)
As of December 31, 2014
295

 
240

 
41

 
173

 
749

Acquisitions (Note 4)
—

 
—

 
—

 
—

 
—

Exchange rate changes
(13
)
 
(10
)
 
(2
)
 
(19
)
 
(44
)
As of December 31, 2015(1)
282

 
230

 
39

 
154

 
705

______________________________
(1) 
There were $0 million of accumulated impairment losses as of December 31, 2015.
Schedule of Finite-Lived Intangible Assets, Net
Finite-lived intangible assets 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, 2013
33

 
544

 
30

 
39

 
646

 
Acquisitions (Note 4)
—

 
2

 
3

 
10

 
15

(1) 
Exchange rate changes
(1
)
 
(51
)
 
—

 
—

 
(52
)
 
As of December 31, 2014
32

 
495

 
33

 
49

 
609

 
Acquisitions (Note 5)
7

 
—

 
2

 
1

 
10

(2) 
Exchange rate changes
(1
)
 
(39
)
 
—

 
—

 
(40
)
 
As of December 31, 2015
38

 
456

 
35

 
50

 
579

 
Accumulated Amortization
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013
(20
)
 
(521
)
 
(21
)
 
(25
)
 
(587
)
 
Amortization
(3
)
 
(12
)
 
(3
)
 
(2
)
 
(20
)
 
Exchange rate changes
—

 
50

 
1

 
—

 
51

 
As of December 31, 2014
(23
)
 
(483
)
 
(23
)
 
(27
)
 
(556
)
 
Amortization
(3
)
 
(4
)
 
(2
)
 
(2
)
 
(11
)
 
Exchange rate changes
1

 
38

 
—

 
—

 
39

 
As of December 31, 2015
(25
)
 
(449
)
 
(25
)
 
(29
)
 
(528
)
 
Net book value
13

 
7

 
10

 
21

 
51

 
______________________________
(1) 
Includes intangible assets acquired from Cool Polymers, Inc. with a weighted average amortization period of seven years (Note 4). Also includes intangible assets reimbursed by Mitsui (Note 5) during the year ended December 31, 2014.
(2) 
Primarily related to intangible assets acquired by Fairway (Note 5) during the year ended December 31, 2015, with a weighted average amortization period of 16 years.
Schedule of Indefinite-Lived Intangible Assets, Net
Indefinite-lived intangible assets are as follows:
 
Trademarks
and Trade Names
 
(In $ millions)
As of December 31, 2013
83

Acquisitions (Note 4)
2

Impairment loss (Note 2)
—

Exchange rate changes
(6
)
As of December 31, 2014
79

Acquisitions (Note 4)
—

Impairment loss (Note 2)
—

Exchange rate changes
(5
)
As of December 31, 2015
74
Schedule of Estimated Amortization Expense
Estimated amortization expense for the succeeding five fiscal years is as follows:
 
(In $ millions)
2016
9

2017
8

2018
5

2019
4

2020
3