3M 2014 Annual Report Download - page 70
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64
Amortization expense for the years ended December 31 follows:
(Millions)
2014
2013
2012
Amortization expense $
228 $
236 $
233
Expected amortization expense for acquired amortizable intangible assets recorded as of December 31, 2014 follows:
After
(Millions) 2015 2016 2017 2018 2019 2019
Amortization expense $
204
$
176 $
154 $
139 $
128
$
511
The preceding expected amortization expense is an estimate. Actual amounts of amortization expense may differ from
estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates,
impairment of intangible assets, accelerated amortization of intangible assets and other events. 3M expenses the costs
incurred to renew or extend the term of intangible assets.