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Intangible Assets ,net
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets  
Intangible Assets, net

10.    Intangible Assets, Net

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

($ in millions)

    

2017

    

2016

 

 

 

 

 

 

 

Acquired Rexam intangibles (net of accumulated amortization of $203 million at September 30, 2017, and $62 million at December 31, 2016)

 

$

2,327

 

$

1,766

Capitalized software (net of accumulated amortization of $116 million at September 30, 2017, and $87 million at December 31, 2016)

 

 

82

 

 

79

Other intangibles (net of accumulated amortization of $160 million at September 30, 2017, and $143 million at December 31, 2016)

 

 

81

 

 

89

 

 

$

2,490

 

$

1,934

 

Total amortization expense of intangible assets amounted to $49 million  and $166 million for the third quarter and first nine months of 2017, respectively, and $42 million and $62 million for the comparable periods in 2016, respectively. During the second quarter of 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 $15 million related to the last six months of 2016.