XML 41 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill And Other Intangibles (Note)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangibles

GOODWILL

The following table presents changes in the goodwill balances as allocated to each business segment for the years ended December 31, 2018 and 2017: 
In millions
Industrial
Packaging
 
Global Cellulose Fibers
 
Printing
Papers
 
Total
Balance as of December 31, 2016
 
 
 
 
 
 
 
Goodwill
$
3,375

 
$
19

  
$
2,143

  
$
5,537

Accumulated impairment losses
(296
)
 

  
(1,877
)
 
(2,173
)
 
3,079

 
19

 
266

 
3,364

Currency translation and other (a)
3

 

 
8

 
11

Additions/reductions
4

(b)
33

(c)
(1
)

36

Balance as of December 31, 2017
 
 
 
 
 
 
 
Goodwill
3,382

  
52

 
2,150

  
5,584

Accumulated impairment losses
(296
)
  

 
(1,877
)
 
(2,173
)
 
3,086

  
52

 
273

  
3,411

Currency translation and other (a)
(1
)
 

 
(34
)
 
(35
)
Additions/reductions
(2
)
(d)

 

 
(2
)
Balance as of December 31, 2018
 
 
 
 
 
 
 
Goodwill
3,379

 
52

  
2,116

  
5,547

Accumulated impairment losses
(296
)
 

  
(1,877
)
 
(2,173
)
Total
$
3,083

 
$
52

  
$
239

  
$
3,374



(a)
Represents the effects of foreign currency translations and reclassifications.
(b)
Reflects the acquisition of the Moroccan box plant.
(c)
Reflects the acquisition and purchase price adjustments of the Weyerhaeuser pulp business.
(d)
Reflects a reduction from tax benefits generated by the deduction of goodwill amortization for tax purposes in the U.S.
    





The Company performed its annual evaluation of its reporting units for possible goodwill impairments by applying the qualitative Step 0 analysis to its reporting units as of October 1, 2018. For the current year evaluation, the Company assessed various assumptions, events and circumstances that would have affected the estimated fair value of the reporting units. The results of this assessment indicated that it is not more likely than not that the fair values of the Company's reporting units were less than the carrying values of the reporting units.
In addition, the Company considered whether there were any events or circumstances subsequent to the annual evaluation that would reduce the fair value of its reporting units below their carrying amounts and necessitate another goodwill impairment evaluation. In consideration of all relevant factors, there were no indicators that would require goodwill impairment subsequent to October 1, 2018.

OTHER INTANGIBLES

Identifiable intangible assets comprised the following:

  
2018
2017
In millions at December 31
Gross
Carrying
Amount
Accumulated
Amortization
Net Intangible Assets
Gross
Carrying
Amount
Accumulated
Amortization
Net Intangible Assets
Customer relationships and lists
$
542

$
247

$
295

$
610

$
247

$
363

Non-compete agreements
67

67


72

72


Tradenames, patents and trademarks, and developed technology
174

90

84

172

72

100

Land and water rights
8

2

6

8

2

6

Software
26

25

1

24

23

1

Other
30

23

7

38

26

12

Total
$
847

$
454

$
393

$
924

$
442

$
482


The Company recognized the following amounts as amortization expense related to intangible assets: 
In millions
2018
2017
2016
Amortization expense related to intangible assets
$
59

$
77

$
54



Based on current intangibles subject to amortization, estimated amortization expense for each of the succeeding years is as follows: 2019$48 million, 2020 – $46 million, 2021$46 million, 2022 – $44 million, 2023$40 million, and cumulatively thereafter – $163 million.