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Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible assets
Intangible assets are comprised of the following:
 
 
 
 
March 31, 2014
(Millions of dollars)
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
15
 
$
2,643

 
$
(575
)
 
$
2,068

Intellectual property
11
 
1,752

 
(459
)
 
1,293

Other
11
 
239

 
(109
)
 
130

Total finite-lived intangible assets
14
 
4,634

 
(1,143
)
 
3,491

Indefinite-lived intangible assets - In-process research & development
 
 
18

 
—

 
18

Total intangible assets
 
 
$
4,652

 
$
(1,143
)
 
$
3,509

 
 
 
 
December 31, 2013
 
Weighted
Amortizable
Life (Years)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Customer relationships
15
 
$
2,653

 
$
(539
)
 
$
2,114

Intellectual property
11
 
1,821

 
(495
)
 
1,326

Other
10
 
274

 
(136
)
 
138

Total finite-lived intangible assets
13
 
4,748

 
(1,170
)
 
3,578

Indefinite-lived intangible assets - In-process research & development
 
 
18

 
—

 
18

Total intangible assets
 
 
$
4,766

 
$
(1,170
)
 
$
3,596

 
 
 
 
 
 
 
 
Expected amortization expense related to intangible assets
Amortization expense related to intangible assets is expected to be:
(Millions of dollars)
2014
 
2015
 
2016
 
2017
 
2018
 
Thereafter
$365
 
$357
 
$335
 
$333
 
$329
 
$1,882
 
 
 
 
 
 
 
 
 
 
 
Goodwill
The changes in carrying amount of goodwill by reportable segment for the three months ended March 31, 2014 were as follows: 
 
(Millions of dollars)
 
 
 
 
 
 
 
 
 
 
 
 
December 31,
2013
 
Acquisitions
 
Held for Sale and Business Divestitures 1
 
Other Adjustments 2
 
March 31,
2014
Construction Industries
 
 
 
 
 
 
 
 
 


Goodwill
 
$
291

 
$
—

 
$
—

 
$
15

 
$
306

Resource Industries
 
 
 
 
 
 
 
 
 
 
Goodwill
 
4,468

 
—

 
(2
)
 
10

 
4,476

Impairments
 
(580
)
 
—

 
—

 
—

 
(580
)
Net goodwill
 
3,888

 
—

 
(2
)
 
10

 
3,896

Energy & Transportation
 
 
 
 
 
 
 
 
 
 
Goodwill
 
2,600

 
3

 
—

 
4

 
2,607

All Other 3
 
 
 
 
 
 
 
 
 
 
Goodwill
 
199

 
—

 
—

 
—

 
199

Impairments
 
(22
)
 
—

 
—

 
—

 
(22
)
Net goodwill
 
177

 
—

 
—

 
—

 
177

Consolidated total
 
 
 
 
 
 
 
 
 
 
Goodwill
 
7,558

 
3

 
(2
)
 
29

 
7,588

Impairments
 
(602
)
 
—

 
—

 
—

 
(602
)
Net goodwill
 
$
6,956

 
$
3

 
$
(2
)
 
$
29

 
$
6,986


1  See Note 18 for additional details.
2  Other adjustments are comprised primarily of foreign currency translation.
3  Includes All Other operating segments (See Note 15).