Acquisitions, Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Acquisitions, Goodwill and Intangible Assets Disclosure [Abstract]

CHANGES IN GOODWILL BALANCES

	2015								2014
					Dispositions,								Dispositions,
					currency								currency
	Balance at				exchange		Balance at		Balance at				exchange		Balance at
(In millions)	January 1		Acquisitions(a)		and other		December 31		January 1		Acquisitions		and other		December 31

Power	$	7,769	$	9,582	$	(615)	$	16,736	$	7,852	$	21	$	(104)	$	7,769
Renewable Energy		984		1,631		(35)		2,580		970		-		14		984
Oil & Gas		10,572		22		-		10,594		10,516		276		(220)		10,572
Energy Management		4,570		2,314		(657)		6,227		4,748		-		(178)		4,570
Aviation		8,952		-		(385)		8,567		9,103		-		(151)		8,952
Healthcare		17,532		11		(190)		17,353		16,643		1,004		(115)		17,532
Transportation		887		-		(36)		851		1,012		2		(127)		887
Appliances & Lighting		226		-		(12)		214		606		-		(380)		226
Capital		1,680		728		(37)		2,370		1,684		-		(3)		1,680
Corporate		34		-		-		34		3		31		-		34
Total	$	53,207	$	14,287	$	(1,968)	$	65,526	$	53,137	$	1,334	$	(1,264)	$	53,207

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

Goodwill and other intangible assets

OTHER INTANGIBLE ASSETS - NET

December 31 (In millions)	2015		2014

Intangible assets subject to amortization	$	16,634	$	13,052
Indefinite-lived intangible assets(a)		109		130
Total	$	16,744	$	13,182

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

Intangible assets subject to amortization

INTANGIBLE ASSETS SUBJECT TO AMORTIZATION

	2015						2014
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
December 31 (In millions)	amount		amortization		Net		amount		amortization		Net

Customer-related	$	8,650	$	(2,059)	$	6,591	$	7,139	$	(1,772)	$	5,367
Patents and technology		8,543		(3,096)		5,447		6,685		(2,894)		3,791
Capitalized software		7,375		(4,136)		3,239		6,509		(3,547)		2,962
Trademarks		1,337		(282)		1,055		1,129		(251)		878
Lease valuations		167		(22)		145		-		-		-
Present value of future profits(a)		651		(651)		-		614		(614)		-
All other		267		(108)		159		107		(53)		54
Total	$	26,990	$	(10,354)	$	16,634	$	22,183	$	(9,131)	$	13,052

(a) Balances at December 31, 2015 and 2014 reflect adjustments of $266 million and $293 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 2015

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

Customer-related	$	1,737		8.5
Patents and technology		2,213		10.2
Capitalized software		1,196		7.0
Trademarks		223		6.3
Lease valuations		167		4.7
All other		227		9.5

Consolidated amortization

ESTIMATED 5 YEAR CONSOLIDATED AMORTIZATION

(In millions)		2016		2017		2018		2019		2020

Estimated annual pre-tax amortization	$	1,952	$	1,853	$	1,851	$	1,725	$	1,591