Acquisitions, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Acquisitions, Goodwill and Intangible Assets Disclosure [Abstract]

CHANGES IN GOODWILL BALANCES

	2014								2013
					Dispositions,								Dispositions,
					currency								currency
	Balance at				exchange		Balance at		Balance at				exchange		Balance at
(In millions)	January 1		Acquisitions		and other		December 31		January 1		Acquisitions		and other		December 31

Power & Water	$	8,822	$	21	$	(89)	$	8,754	$	8,821	$	-	$	1	$	8,822
Oil & Gas		10,516		276		(220)		10,572		8,365		2,217		(66)		10,516
Energy Management		4,748		-		(178)		4,570		4,610		7		131		4,748
Aviation		9,103		-		(151)		8,952		5,975		3,043		85		9,103
Healthcare		16,643		1,004		(115)		17,532		16,762		45		(164)		16,643
Transportation		1,012		2		(127)		887		999		-		13		1,012
Appliances & Lighting		606		-		(380)		226		611		-		(5)		606
GE Capital		11,960		-		(504)		11,456		12,619		13		(672)		11,960
Corporate		3		31		-		34		-		4		(1)		3
Total	$	63,413	$	1,334	$	(1,764)	$	62,983	$	58,762	$	5,329	$	(678)	$	63,413

Goodwill and other intangible assets

OTHER INTANGIBLE ASSETS - NET

(In millions)	2014		2013

Intangible assets subject to amortization	$	13,725	$	13,707
Indefinite-lived intangible assets(a)		130		160
Total	$	13,855	$	13,867

(a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.

Intangible assets subject to amortization

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION

	2014						2013
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
December 31 (In millions)	amount		amortization		Net		amount		amortization		Net

Customer-related	$	8,064	$	(2,261)	$	5,803	$	7,481	$	(1,905)	$	5,576
Patents and technology		6,694		(2,900)		3,794		6,489		(2,511)		3,978
Capitalized software		7,349		(4,178)		3,171		7,355		(4,480)		2,875
Trademarks		1,151		(263)		888		1,356		(295)		1,061
Present value of future profits(a)		614		(614)		-		574		(574)		-
All other		203		(134)		69		331		(114)		217
Total	$	24,075	$	(10,350)	$	13,725	$	23,586	$	(9,879)	$	13,707

(a) Balances at December 31, 2014 and 2013 reflect adjustments of $293 million and $322 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

Components of finite-lived intangible assets

COMPONENTS OF FINITE-LIVED INTANGIBLE ASSETS ACQUIRED DURING 2014

			Weighted-average
	Gross		amortizable period
(In millions)	carrying value		(in years)

Customer-related	$	730		14.1
Patents and technology		178		10.8
Capitalized software		1,112		5.6
Trademarks		52		17.2
All other		6		2.5

Consolidated amortization

ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION

(In millions)		2015		2016		2017		2018		2019

Estimated annual pre-tax amortization	$	1,634	$	1,496	$	1,364	$	1,216	$	1,061