Goodwill And Other Intangibles

12 Months Ended

Sep. 30, 2011

Goodwill And Other Intangibles [Abstract]

(6) Goodwill and Other Intangibles

Purchases of businesses are accounted for under the acquisition method, with substantially all goodwill assigned to the reporting unit that acquires the business. Under an impairment test performed annually, if the carrying amount of a reporting unit's goodwill exceeds its estimated fair value, impairment is recognized to the extent that the carrying amount exceeds the implied fair value of the goodwill. Fair values of reporting units are estimated using discounted cash flows and are subject to change due to changes in underlying economic conditions. The change in the carry amount of goodwill by business segment follows. See Notes 3 and 4 for further discussion of changes in goodwill related to acquisitions, divestitures and impairment.


	PROCESS			INDUSTRIAL			NETWORK			CLIMATE			TOOLS AND
	MANAGEMENT			AUTOMATION			POWER			TECHNOLOGIES			STORAGE			TOTAL
Balance, September 30, 2009	$	2,279			1,304			2,417			473			605			7,078
Acquisitions		27			97			1,509									1,633
Divestitures								(2	)					(44	)		(46	)
Foreign currency translation and other		(32	)		(22	)		73			(9	)		(19	)		(9	)
Balance, September 30, 2010	$	2,274			1,379			3,997			464			542			8,656
Acquisitions		110									15						125
Divestitures					(1	)		(8	)					(6	)		(15	)
Impairment					(19	)											(19	)
Foreign currency translation and other		(16	)		34			1			4			1			24
Balance, September 30, 2011	$	2,368			1,393			3,990			483			537			8,771

The gross carrying amount and accumulated amortization of identifiable intangible assets by major class follow:


	CUSTOMER RELATIONSHIPS				INTELLECTUAL PROPERTY				CAPITALIZED SOFTWARE				TOTAL
	2010		2011		2010		2011		2010		2011		2010		2011
Gross carrying amount	$	1,414		1,499		1,127		1,110		918		971		3,459		3,580
Less: Accumulated amortization		181		330		420		518		708		763		1,309		1,611
Net carrying amount	$	1,233		1,169		707		592		210		208		2,150		1,969

Total intangible asset amortization expense for 2011, 2010 and 2009 was $345, $254 and $184, respectively. Based on intangible asset balances as of September 30, 2011, amortization expense is expected to approximate $312 in 2012, $267 in 2013, $231 in 2014, $198 in 2015 and $173 in 2016.

- 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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