Other Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

OTHER INTANGIBLE ASSETS

The following is a summary of Linde’s other intangible assets at December 31, 2021 and 2020:  

(Millions of dollars) For the year ended December 31, 2021	Customer Relationships		Brands/Tradenames		Other Intangible Assets		Total
Cost:
Balance, December 31, 2020	$	13,776	$	2,895	$	1,697	$	18,368
Additions	12		—		61		73
Foreign currency translation	(490)		(113)		(69)		(672)
Disposals (Note 2)	(1,085)		(94)		(46)		(1,225)
Other *	(354)		(3)		(14)		(371)
Balance, December 31, 2021	11,859		2,685		1,629		16,173
Less: accumulated amortization:
Balance, December 31, 2020	(1,470)		(118)		(596)		(2,184)
Amortization expense (Note 7)	(553)		(45)		(125)		(723)
Foreign currency translation	64		3		22		89
Disposals (Note 2)	66		1		13		80
Other *	352		—		15		367
Balance, December 31, 2021	(1,541)		(159)		(671)		(2,371)
Net intangible asset balance at December 31, 2021	$	10,318	$	2,526	$	958	$	13,802
(Millions of dollars) For the year ended December 31, 2020	Customer Relationships		Brands/Tradenames		Other Intangible Assets		Total
Cost:
Balance, December 31, 2019	$	13,205	$	2,764	$	1,612	$	17,581
Additions	5		—		56		61
Foreign currency translation	632		134		47		813
Disposals	(2)		—		(20)		(22)
Other *	(64)		(3)		2		(65)
Balance, December 31, 2020	13,776		2,895		1,697		18,368
Less: accumulated amortization:
Balance, December 31, 2019	(885)		(69)		(490)		(1,444)
Amortization expense (Note 7)	(589)		(45)		(131)		(765)
Foreign currency translation	(53)		(3)		1		(55)
Disposals	1		—		20		21
Other *	56		(1)		4		59
Balance, December 31, 2020	(1,470)		(118)		(596)		(2,184)
Net balance at December 31, 2020	$	12,306	$	2,777	$	1,101	$	16,184

*Other primarily relates to the write-off of fully amortized assets and reclassifications. 2021 Other is primarily due to merger related customer lists in the Americas.

There are no expected residual values related to these intangible assets. Amortization expense for the years ended December 31, 2021, 2020 and 2019 was $723 million, $765 million and $735 million, respectively. The remaining weighted-average amortization period for intangible assets is approximately 24 years.

Total estimated annual amortization expense related to finite-lived intangibles is as follows: 

(Millions of dollars)
2022	$	615
2023	579
2024	571
2025	530
2026	511
Thereafter	9,183
Total amortization related to finite-lived intangible assets	11,989
Indefinite-lived intangible assets at December 31, 2021	1,813
Net intangible assets at December 31, 2021	$	13,802