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Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Schedule of Intangible Assets by Major Class

The gross book value, accumulated amortization and net book value of intangible assets were as follows:

 

 

(Stated in millions)

 

 

Jun. 30, 2014

 

 

Dec. 31, 2013

 

 

Gross

 

 

Accumulated

 

 

Net Book

 

 

Gross

 

 

Accumulated

 

 

Net Book

 

 

Book Value

 

 

Amortization

 

 

Value

 

 

Book Value

 

 

Amortization

 

 

Value

 

Technology/Technical Know-How

$

1,960

 

 

$

650

 

 

$

1,310

 

 

$

1,960

 

 

$

597

 

 

$

1,363

 

Tradenames

 

1,646

 

 

 

290

 

 

 

1,356

 

 

 

1,647

 

 

 

257

 

 

 

1,390

 

Customer Relationships

 

2,441

 

 

 

464

 

 

 

1,977

 

 

 

2,263

 

 

 

407

 

 

 

1,856

 

Other

 

430

 

 

 

335

 

 

 

95

 

 

 

435

 

 

 

335

 

 

 

100

 

 

$

6,477

 

 

$

1,739

 

 

$

4,738

 

 

$

6,305

 

 

$

1,596

 

 

$

4,709

 

 

Amortization Expense Charged to Income for Intangible Assets

Amortization expense charged to income was as follows:

 

 

(Stated in millions)

 

 

2014

 

 

2013

 

Second Quarter

$

86

 

 

$

81

 

Six Months

$

169

 

 

$

163