GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 8. GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL (In millions)	January 1, 2020		Dispositions and classification to held for sale		Currency exchange and other			Balance at March 31, 2020
Power	$	145	$	—	$	—		$	145
Renewable Energy	3,290		—		(74		)	3,216
Aviation	9,859		—		(41		)	9,818
Healthcare	11,728		—		(17		)	11,711
Capital	839		—		—			839
Corporate	873		—		(5		)	869
Total	$	26,734	$	—	$	(136	)	$	26,598

In assessing the possibility that a reporting unit’s fair value has been reduced below its carrying amount due to the occurrence of events or circumstances between annual impairment testing dates, we consider all available evidence, including (i) the results of our impairment testing from the most recent testing date (in particular, the magnitude of the excess of fair value over carrying value observed), (ii) downward revisions to internal forecasts or decreases in market multiples (and the magnitude thereof), if any, and (iii) declines in market capitalization below book value (and the magnitude and duration of those declines), if any.

In the first quarter of 2020, we performed an analysis of the impact of recent events, including business and industry specific considerations, on the fair values of our Additive reporting unit in our Aviation segment, our GECAS reporting unit in our Capital segment, and our Grid Solutions software reporting unit in our Digital business within Corporate. We did not identify any reporting units that required an interim impairment test. While the goodwill of these reporting units is not currently impaired there can be no assurances that goodwill will not be impaired in future periods. We will continue to monitor the operating results, cash flow forecasts and challenges from declines in current market conditions, as well as impacts of COVID-19 for these reporting units as their fair values are not significantly in excess of their respective carrying values. At March 31, 2020, goodwill in our Additive, GECAS, and Grid Solutions software reporting units was $1,091 million, $839 million and $869 million, respectively.

OTHER INTANGIBLE ASSETS - NET (In millions)	March 31, 2020		December 31, 2019
Intangible assets subject to amortization	$	10,381	$	10,653

Intangible assets decreased in the first quarter of 2020, primarily as a result of amortization. Consolidated amortization expense was $340 million and $367 million in the three months ended March 31, 2020 and 2019, respectively.