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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill

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(Millions)

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Safety and Industrial

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Transportation and Electronics

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Health Care

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Consumer

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Total Company

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Balance as of December 31, 2018

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4,716

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1,857

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3,248

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230

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10,051

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Acquisition activity

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—

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—

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517

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—

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517

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Translation and other

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(9)

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(8)

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(11)

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34

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6

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Balance as of June 30, 2019

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$

4,707

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$

1,849

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$

3,754

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$

264

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$

10,574

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Acquired Intangible Assets

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June 30,

    

December 31,

 

(Millions)

    

2019

    

2018

 

Customer related intangible assets

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$

2,565

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$

2,291

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Patents

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540

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542

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Other technology-based intangible assets

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738

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576

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Definite-lived tradenames

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674

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664

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Other amortizable intangible assets

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125

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125

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Total gross carrying amount

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$

4,642

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$

4,198

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Accumulated amortization — customer related

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(1,075)

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(998)

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Accumulated amortization — patents

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(494)

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(487)

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Accumulated amortization — other technology-based

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(368)

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(333)

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Accumulated amortization — definite-lived tradenames

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(293)

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(276)

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Accumulated amortization — other

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(89)

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(88)

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Total accumulated amortization

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$

(2,319)

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$

(2,182)

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Total finite-lived intangible assets — net

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$

2,323

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$

2,016

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Non-amortizable intangible assets (primarily tradenames)

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641

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641

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Total intangible assets — net

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$

2,964

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$

2,657

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Schedule of amortization expense for acquired intangible assets

Amortization expense for the three and six months ended June 30, 2019 and 2018 follows:

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Three months ended 

    

Six months ended 

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June 30,

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June 30,

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(Millions)

    

2019

    

2018

    

2019

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2018

 

Amortization expense

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$

70

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$

63

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$

139

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$

127

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Schedule of expected amortization expense for acquired amortizable intangible assets

Expected amortization expense for acquired amortizable intangible assets recorded as of June 30, 2019:

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Remainder of

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After

 

(Millions)

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2019

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2020

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2021

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2022

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2023

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2024

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2024

 

Amortization expense

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$

145

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$

276

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$

267

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$

253

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$

222

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$

191

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$

969

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