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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The table below summarizes the changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2016 and 2015, respectively.

 

(IN MILLIONS)

 

Buy

 

 

Watch

 

 

Total

 

Balance, December 31, 2014

 

$

3,014

 

 

$

4,657

 

 

$

7,671

 

Acquisitions, divestitures and other adjustments

 

 

4

 

 

 

361

 

 

 

365

 

Effect of foreign currency translation

 

 

(229

)

 

 

(24

)

 

 

(253

)

Balance, December 31, 2015

 

$

2,789

 

 

$

4,994

 

 

$

7,783

 

Acquisitions, divestitures and other adjustments

 

 

(31

)

 

 

170

 

 

 

139

 

Effect of foreign currency translation

 

 

(62

)

 

 

(15

)

 

 

(77

)

Balance, December 31, 2016

 

$

2,696

 

 

$

5,149

 

 

$

7,845

 

Cumulative impairments

 

$

 

 

$

376

 

 

$

376

 

 

Other Intangible Assets

The table below summarizes the carrying value of such intangible assets and their estimated useful lives:

 

 

 

 

 

 

 

Gross Amounts

 

 

Accumulated Amortization

 

 

 

Estimated

 

Weighted

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

(IN MILLIONS)

 

Useful Lives

 

Average

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Indefinite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names and trademarks

 

 

 

 

 

$

1,921

 

 

$

1,921

 

 

$

 

 

$

 

Amortized intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names and trademarks

 

5-20 years

 

13 years

 

 

140

 

 

 

167

 

 

 

(88

)

 

 

(84

)

Customer-related intangibles

 

6-25 years

 

21 years

 

 

3,035

 

 

 

3,013

 

 

 

(1,312

)

 

 

(1,193

)

Covenants-not-to-compete

 

1-7 years

 

3 years

 

 

39

 

 

 

37

 

 

 

(36

)

 

 

(35

)

Computer software

 

3-10 years

 

5 years

 

 

2,223

 

 

 

1,919

 

 

 

(1,258

)

 

 

(1,055

)

Patents and other

 

3-10 years

 

6 years

 

 

173

 

 

 

168

 

 

 

(101

)

 

 

(86

)

Total

 

 

 

 

 

$

5,610

 

 

$

5,304

 

 

$

(2,795

)

 

$

(2,453

)

 

Summary of Estimated Future Amortization Expense

All other intangible assets are subject to amortization. Future amortization expense is estimated to be as follows:

 

(IN MILLIONS)

 

 

 

For the year ending December 31:

 

 

 

2017

$

399

 

2018

 

419

 

2019

 

353

 

2020

 

316

 

2021

 

296

 

Thereafter

 

1,032

 

Total

$

2,815