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Goodwill and Other Intangibles (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in the Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the nine months ended September 30, 2017 are as follows:

 

 

Agricultural

Equipment

 

 

Construction

Equipment

 

 

Commercial

Vehicles

 

 

Powertrain

 

 

Financial

Services

 

 

Total

 

 

 

(in millions)

 

Balance at January 1, 2017

 

$

1,648

 

 

$

588

 

 

$

55

 

 

$

5

 

 

$

153

 

 

$

2,449

 

Foreign currency translation and other

 

 

7

 

 

 

5

 

 

 

8

 

 

 

 

 

 

3

 

 

 

23

 

Balance at September 30, 2017

 

$

1,655

 

 

$

593

 

 

$

63

 

 

$

5

 

 

$

156

 

 

$

2,472

 

 

Other Intangible Assets and Related Accumulated Amortization

As of September 30, 2017 and December 31, 2016, the Company’s other intangible assets and related accumulated amortization consisted of the following:

  

 

 

 

September 30, 2017

 

 

December 31, 2016

 

 

 

Weighted

Avg. Life

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

 

 

 

(in millions)

 

Other intangible assets subject to

   amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dealer networks

 

15

 

$

305

 

 

$

173

 

 

$

132

 

 

$

316

 

 

$

168

 

 

$

148

 

Patents, concessions and licenses and other

 

5-25

 

 

1,820

 

 

 

1,454

 

 

 

366

 

 

 

1,649

 

 

 

1,284

 

 

 

365

 

 

 

 

 

 

2,125

 

 

 

1,627

 

 

 

498

 

 

 

1,965

 

 

 

1,452

 

 

 

513

 

Other intangible assets not subject to

   amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

 

274

 

 

 

 

 

 

274

 

 

 

274

 

 

 

 

 

 

274

 

Total Other intangible assets

 

 

 

$

2,399

 

 

$

1,627

 

 

$

772

 

 

$

2,239

 

 

$

1,452

 

 

$

787