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Certaintradenamesacquiredby3Marenotamortizedbecausetheyhavebeeninexistenceforover55years,haveahistoryof
leading-marketsharepositions,havebeenandareintendedtobecontinuouslyrenewed,andtheassociatedproductsofwhichare
expectedtogeneratecashflowsfor3Mforanindefiniteperiodoftime.
AmortizationexpensefortheyearsendedDecember31follows:
(Millions) 2015 2014 2013
Amortizationexpense $ 229 $ 228 $ 236
ExpectedamortizationexpenseforacquiredamortizableintangibleassetsrecordedasofDecember31,2015follows:
After
(Millions) 2016 2017 2018 2019 2020 2020
Amortizationexpense $ 252 $ 226 $ 205 $ 192 $ 183 $ 908
Theprecedingexpectedamortizationexpenseisanestimate.Actualamountsofamortizationexpensemaydifferfromestimated
amountsduetoadditionalintangibleassetacquisitions,changesinforeigncurrencyexchangerates,impairmentofintangibleassets,
acceleratedamortizationofintangibleassetsandotherevents.3Mexpensesthecostsincurredtoreneworextendthetermof
intangibleassets.
NOTE4.RestructuringActions
2015 Restructuring Actions:
Duringthefourthquarterof2015,managementapprovedandcommittedtoundertakecertainrestructuringactionsprimarilyfocused
onstructuraloverhead,largelyintheU.S.andslower-growingmarkets,withparticularemphasisonEurope,MiddleEast,andAfrica
(EMEA)andLatinAmerica.Thisimpactedapproximately1,700positionsworldwideandresultedinafourth-quarter2015pre-tax
chargeof$114million.
Componentsoftheserestructuringchargesaresummarizedbybusinesssegmentasfollows:
YearendedDecember31,2015
(Millions) Employee-Related Asset-Related Total
Industrial $ 30 $ 12 $ 42
SafetyandGraphics 11 — 11
HealthCare 9 — 9
ElectronicsandEnergy 8 4 12
Consumer 3 — 3
CorporateandUnallocated 37 — 37
TotalExpense $ 98 $ 16 $ 114
Theprecedingrestructuringchargeswererecordedintheincomestatementasfollows:
(Millions) 2015
Costofsales 40
Selling,generalandadministrativeexpenses 62
Research,developmentandrelatedexpenses 12
Total $ 114
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