XML 188 R51.htm IDEA: XBRL DOCUMENT v2.4.1.9
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the changes in the carrying amount of goodwill, by reportable segment for the years ended December 31, 2014 and 2013.
 
US
 
Andes
 
MCAC
 
Europe
 
Asia
 
Total
Balance as of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
2,663

 
$
899

 
$
149

 
$
180

 
$
68

 
$
3,959

Accumulated impairment losses
(1,838
)
 
—

 
—

 
(122
)
 
—

 
(1,960
)
Net balance
825

 
899

 
149

 
58

 
68

 
1,999

Impairment losses
(314
)
 
—

 
—

 
(58
)
 
—

 
(372
)
Other
(5
)
 
—

 
—

 
—

 
—

 
(5
)
Balance as of December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
Goodwill
2,658

 
899

 
149

 
180

 
68

 
3,954

Accumulated impairment losses
(2,152
)
 
—

 
—

 
(180
)
 
—

 
(2,332
)
Net balance
506

 
899

 
149

 
—

 
68

 
1,622

Impairment losses
(164
)
 
—

 
—

 
—

 
—

 
(164
)
Balance as of December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Goodwill
2,658

 
899

 
149

 
122

(1) 
68

 
3,896

Accumulated impairment losses
(2,316
)
 
—

 
—

 
(122
)
 
—

 
(2,438
)
Net balance
$
342

 
$
899

 
$
149

 
$
—

 
$
68

 
$
1,458


_____________________________
(1) Both the gross carrying amount and the accumulated impairment losses of the Europe segment have been reduced by $58 million with no impact on the net carrying amount for the segment. This relates to Ebute, which had fully impaired goodwill of $58 million and was sold in 2014.
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets
The following tables summarize the balances comprising other intangible assets in the accompanying Consolidated Balance Sheets as of the periods indicated:
 
December 31, 2014
 
December 31, 2013
 
Gross Balance
 
Accumulated
Amortization
 
Net Balance
 
Gross Balance
 
Accumulated
Amortization
 
Net Balance
 
(in millions)
Subject to Amortization
 
 
 
 
 
 
 
 
 
 
 
Project development rights(1)
$
28

 
$
(1
)
 
$
27

 
$
31

 
$
(1
)
 
$
30

Sales concessions(2)
86

 
(41
)
 
45

 
95

 
(45
)
 
50

Contractual payment rights(3)
69

 
(40
)
 
29

 
74

 
(33
)
 
41

Management rights
33

 
(13
)
 
20

 
37

 
(13
)
 
24

Emission allowances
4

 
—

 
4

 
4

 
—

 
4

Contracts
36

 
(19
)
 
17

 
46

 
(24
)
 
22

Customer contracts and relationships
63

 
(39
)
 
24

 
63

 
(34
)
 
29

Other(4) 
21

 
(5
)
 
16

 
20

 
(3
)
 
17

Subtotal
340

 
(158
)
 
182

 
370

 
(153
)
 
217

Indefinite-Lived Intangible Assets
 
 
 
 
 
 
 
 
 
 
 
Land use rights
59

 
—

 
59

 
46

 
—

 
46

Water rights
20

 
—

 
20

 
20

 
—

 
20

Trademark/Trade name
5

 
—

 
5

 
5

 
—

 
5

Other
15

 
—

 
15

 
9

 
—

 
9

Subtotal
99

 
—

 
99

 
80

 
—

 
80

Total
$
439

 
$
(158
)
 
$
281

 
$
450

 
$
(153
)
 
$
297

_____________________________
(1) 
Represent development rights, including but not limited to, land control, various permits and right to acquire equity interests in development projects resulting from asset acquisitions by our wind operations in the U.K. The balance excludes project development rights of $70 million relating to our Poland wind operations that were fully impaired in the third quarter of 2013 and subsequently sold in November 2013. See Note 23—Discontinued Operations and Held-for-Sale Businesses for further information.
(2)
Excludes net balance of sales concessions of $32 million as of December 31, 2013 relating to our utility businesses in Cameroon that were included in noncurrent assets of discontinued operations. See Note 23—Discontinued Operations and Held for Sale Businesses for further information.
(3) 
Represent legal rights to receive system reliability payments from the regulator.
(4) 
Includes renewable energy certificates, land-use rights and various other intangible assets none of which is individually significant.
Schedule of Acquired Intangible Assets By Major Class
The following table summarizes, by category, other intangible assets acquired during the periods indicated:
 
December 31, 2014
 
Amount
 
Subject to Amortization/
Indefinite-Lived
 
Weighted Average
Amortization Period
 
Amortization
Method
 
(in millions)
 
 
 
(in years)
 
 
Renewable energy certificates
$
3

 
Indefinite
 
N/A
 
N/A
Land-use rights
16

 
Indefinite
 
N/A
 
N/A
Total
$
19

 
 
 
 
 
 
 
December 31, 2013
 
Amount
 
Subject to Amortization/
Indefinite-Lived
 
Weighted Average
Amortization Period
 
Amortization
Method
 
(in millions)
 
 
 
(in years)
 
 
Renewable energy certificates
$
3

 
Indefinite
 
N/A
 
N/A
Other
2

 
Various
 
N/A
 
N/A
Total
$
5

 
 
 
 
 
 
Schedule of Expected Amortization Expense
The following table summarizes the estimated amortization expense, by intangible asset category, for 2015 through 2019:
 
2015
 
2016
 
2017
 
2018
 
2019
 
(in millions)
Customer relationships & contracts
$
3

 
$
3

 
$
3

 
$
3

 
$
3

Sales concessions
4

 
3

 
3

 
3

 
3

Contractual payment rights
1

 
1

 
1

 
1

 
1

All other
4

 
4

 
4

 
4

 
3

Total
$
12

 
$
11

 
$
11

 
$
11

 
$
10