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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the twelve months ended December 31, 2019 and 2018 were as follows:

In millions
Automotive OEM
 
Test & Measurement and Electronics
 
Food Equipment
 
Polymers & Fluids
 
Welding
 
Construction Products
 
Specialty Products
 
Total
Balance, December 31, 2017
$
488

 
$
1,372

 
$
269

 
$
919

 
$
272

 
$
530

 
$
902

 
$
4,752

2018 activity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
(12
)
 
(20
)
 
(10
)
 
(30
)
 
(9
)
 
(17
)
 
(21
)
 
(119
)
Balance, December 31, 2018
476

 
1,352

 
259

 
889

 
263

 
513

 
881

 
4,633

2019 activity:


 
 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisitions / (divestitures)
—

 
2

 
—

 
—

 
—

 
—

 
(1
)
 
1

Transfer to assets held for sale
(5
)
 
(109
)
 
—

 
—

 
(4
)
 
—

 
(8
)
 
(126
)
Foreign currency translation
(5
)
 
—

 
(3
)
 
(2
)
 
(1
)
 
(1
)
 
(4
)
 
(16
)
Balance, December 31, 2019
$
466

 
$
1,245


$
256

 
$
887

 
$
258

 
$
512

 
$
868

 
$
4,492

Cumulative goodwill impairment charges, December 31, 2019
$
24

 
$
83

 
$
60

 
$
15

 
$
5

 
$
7

 
$
46

 
$
240



Intangible assets as of December 31, 2019 and 2018 were as follows:

 
 
2019
 
2018
In millions
 
Cost
 
Accumulated
Amortization
 
Net
 
Cost
 
Accumulated
Amortization
 
Net
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Customer lists and relationships
 
$
1,530

 
$
(1,195
)
 
$
335

 
$
1,747

 
$
(1,282
)
 
$
465

Trademarks and brands
 
694

 
(434
)
 
260

 
759

 
(435
)
 
324

Patents and proprietary technology
 
581

 
(501
)
 
80

 
621

 
(506
)
 
115

Other
 
449

 
(433
)
 
16

 
478

 
(458
)
 
20

Total amortizable intangible assets
 
3,254

 
(2,563
)
 
691

 
3,605

 
(2,681
)
 
924

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and brands
 
160

 
—

 
160

 
160

 
—

 
160

Total intangible assets
 
$
3,414

 
$
(2,563
)
 
$
851

 
$
3,765

 
$
(2,681
)
 
$
1,084



The Company performed its annual impairment assessment of goodwill and indefinite-lived intangible assets in the third quarter of 2019, 2018 and 2017. There were no impairment charges as a result of these assessments.

For the twelve months ended December 31, 2019, 2018 and 2017, amortization expense of intangible assets was $159 million, $189 million and $206 million, respectively.

As of December 31, 2019, the estimated future amortization expense of intangible assets for the twelve months ending December 31 was as follows:

In millions
 
2020
$
135

2021
117

2022
104

2023
85

2024
68