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Intangible Assets ,net
6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets  
Intangible Assets, net

10.    Intangible Assets, Net

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

($ in millions)

    

2017

    

2016

 

 

 

 

 

 

 

Acquired Rexam intangibles (net of accumulated amortization of $160 million at June 30, 2017, and $62 million at December 31, 2016)

 

$

2,340

 

$

1,766

Capitalized software (net of accumulated amortization of $112 million at June 30, 2017, and $87 million at December 31, 2016)

 

 

86

 

 

79

Other intangibles (net of accumulated amortization of $155 million at June 30, 2017, and $143 million at December 31, 2016)

 

 

86

 

 

89

 

 

$

2,512

 

$

1,934

 

Total amortization expense of intangible assets amounted to $76 million and $117 million for the three and six months ended June 30, 2017, respectively, and $10 million and $20 million for the comparable periods in 2016, respectively. During the three months ended June 30, 2017, cumulative catch-up amortization recorded as a result of the change in the value of intangible assets associated with the finalization of the valuation for the Rexam acquisition was $23 million, of which $8 million related to the three months ended March 31, 2017, and $15 million related to the six months ended December 31, 2016.