GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

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



Goodwill	Agricultural Sciences		Consumer Solutions		Infrastructure Solutions		Performance Materials & Chemicals		Performance Plastics			Total
In millions	Agricultural Sciences		Consumer Solutions		Infrastructure Solutions		Performance Materials & Chemicals		Performance Plastics			Total
Net goodwill at Dec 31, 2015	$	1,472	$	4,374	$	4,382	$	391	$	1,535		$	12,154
Acquisition of an aniline plant	—		—		—		37		—			37
Sale of a product line	—		—		—		—		(5		)	(5		)
Goodwill related to the DCC Transaction (1)	—		1,699		1,506		—		—			3,205
Foreign currency impact	—		44		49		2		5			100
Net goodwill at Sep 30, 2016	$	1,472	$	6,117	$	5,937	$	430	$	1,535		$	15,491


(1)	Final determination of the goodwill value assigned may result in adjustments to the preliminary value recorded.

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



Other Intangible Assets	At September 30, 2016							At December 31, 2015
In millions	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Intangible assets with finite lives:
Licenses and intellectual property	$	3,152	$	(1,218	)	$	1,934	$	1,943	$	(1,087	)	$	856
Patents	108		(98		)	10		119		(108		)	11
Software	1,324		(684		)	640		1,253		(628		)	625
Trademarks	697		(488		)	209		666		(441		)	225
Customer-related	5,011		(1,563		)	3,448		3,164		(1,366		)	1,798
Other	163		(144		)	19		165		(140		)	25
Total other intangible assets, finite lives	$	10,455	$	(4,195	)	$	6,260	$	7,310	$	(3,770	)	$	3,540
IPR&D (1), indefinite lives	66		—			66		77		—			77
Total other intangible assets	$	10,521	$	(4,195	)	$	6,326	$	7,387	$	(3,770	)	$	3,617


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

In the second quarter of 2016, the Company wrote-off $11 million of IPR&D as part of the 2016 restructuring charge. See Note 3 for additional information.

Intangible assets included as part of the DCC Transaction are presented in the table below. See Note 4 for additional information on this transaction.



Dow Corning Intangible Assets	Gross Carrying Amount		Weighted-average Amortization Period
In millions	Gross Carrying Amount		Weighted-average Amortization Period
Intangible assets with finite lives:
Licenses and intellectual property	$	1,200	9 years
Software	2		5 years
Trademarks	30		3 years
Customer-related	1,755		19 years
Total	$	2,987	15 years

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



Amortization Expense	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2016		Sep 30, 2015		Sep 30, 2016		Sep 30, 2015
Other intangible assets, excluding software	$	162	$	105	$	387	$	316
Software, included in “Cost of sales”	$	18	$	19	$	55	$	54

Total estimated amortization expense for 2016 and the five succeeding fiscal years is as follows:



Estimated Amortization Expense In millions
2016	$	626
2017	$	727
2018	$	704
2019	$	629
2020	$	592
2021	$	559

- 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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