GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of changes in the net carrying amounts of goodwill by segment are as follows:



	Three Months Ended March 31, 2016
	Powertrain		Motorparts		Total
Net carrying amount, January 1	$	512	$	161	$	673
Acquisitions and purchase accounting adjustments	6		—		6
Foreign exchange	6		—		6
Net carrying amount, March 31	$	524	$	161	$	685


	Powertrain		Motorparts		Total
Accumulated impairment charges at March 31, 2016 and December 31, 2015	$	136	$	648	$	784

The Company conducts its assessment for goodwill impairments on October 1 of each year for all reporting units. Due to the complexity of the 2015 second step goodwill impairment test, the Company has not finalized its assessment as of March 31, 2016. Based on the preliminary results of the annual impairment test the Company recorded an estimate of goodwill charges of $44 million as of December 31, 2015.

At March 31, 2016 and December 31, 2015, intangible assets consist of the following



	March 31, 2016							December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Definite-lived intangible assets:
Developed technology	$	138	$	(90	)	$	48	$	140	$	(86	)	$	54
Customer relationships	687		(344		)	343		683		(333		)	350
	$	825	$	(434	)	$	391	$	823	$	(419	)	$	404

Indefinite-lived intangible assets:
Trademarks and brand names						$	228						$	230

The Company's recorded amortization expense associated with definite-lived intangible assets was:



	Three Months Ended
	March 31,
	2016		2015
Amortization expense	$	15	$	14

The Company’s estimated future amortization expense for its definite-lived intangible assets is as follows:



	Remaining 2016		2017	2018	2019	2020	2021 and thereafter	Total
Expected amortization expenses	$	44	58	49	49	49	142	$	391

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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