GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The following table shows the carrying amount of goodwill by operating segment:



Goodwill	Electronic and Functional Materials			Coatings and Infra- structure Solutions			Ag Sciences		Perf Materials		Perf Plastics			Feedstocks and Energy		Total
In millions	Electronic and Functional Materials			Coatings and Infra- structure Solutions			Ag Sciences		Perf Materials		Perf Plastics			Feedstocks and Energy		Total
Net goodwill at Dec 31, 2013	$	4,963		$	4,076		$	1,563	$	738	$	1,395		$	63	$	12,798
Foreign currency impact	(4		)	(5		)	—		—		(3		)	—		(12		)
Net goodwill at Jun 30, 2014	$	4,959		$	4,071		$	1,563	$	738	$	1,392		$	63	$	12,786

The following table provides information regarding the Company’s other intangible assets:



Other Intangible Assets	At June 30, 2014							At December 31, 2013
In millions	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets with finite lives:
Licenses and intellectual property	$	1,777	$	(982	)	$	795	$	1,774	$	(908	)	$	866
Patents	124		(110		)	14		125		(109		)	16
Software	1,262		(621		)	641		1,186		(591		)	595
Trademarks	690		(375		)	315		686		(345		)	341
Customer related	3,640		(1,298		)	2,342		3,622		(1,181		)	2,441
Other	149		(141		)	8		154		(136		)	18
Total other intangible assets, finite lives	$	7,642	$	(3,527	)	$	4,115	$	7,547	$	(3,270	)	$	4,277
IPR&D (1), indefinite lives	37		—			37		37		—			37
Total other intangible assets	$	7,679	$	(3,527	)	$	4,152	$	7,584	$	(3,270	)	$	4,314


(1)	In-process research and development (“IPR&D”) purchased in a business combination.

The following table provides information regarding amortization expense related to intangible assets:



Amortization Expense	Three Months Ended				Six Months Ended
In millions	Jun 30, 2014		Jun 30, 2013		Jun 30, 2014		Jun 30, 2013
Other intangible assets, excluding software	$	108	$	115	$	222	$	230
Software, included in “Cost of sales”	$	17	$	17	$	33	$	33

Total estimated amortization expense for 2014 and the five succeeding fiscal years is as follows:



Estimated Amortization Expense In millions
2014	$	512
2015	$	493
2016	$	480
2017	$	447
2018	$	430
2019	$	371

- 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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