DELPHI 2015 Annual Report Download - page 107

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Table of Contents
85
6. PROPERTY, NET
Property, net consisted of:
Estimated Useful
Lives
December 31,
2015 2014
(Years) (in millions)
Land ................................................................................................................ — $ 156 $ 148
Land and leasehold improvements.................................................................. 3-20 143 107
Buildings ......................................................................................................... 40 652 614
Machinery, equipment and tooling.................................................................. 3-20 3,713 3,265
Furniture and office equipment....................................................................... 3-10 342 256
Construction in progress ................................................................................. — 315 336
Total............................................................................................................ 5,321 4,726
Less: accumulated depreciation ...................................................................... (1,944)(1,705)
Total property, net
....................................................................................... $ 3,377 $ 3,021
For the year ended December 31, 2015, Delphi recorded asset impairment charges of $16 million in cost of sales related
to declines in the fair values of certain fixed assets. For the year ended December 31, 2014, Delphi recorded asset impairment
charges of $5 million in cost of sales and $2 million in selling, general and administrative expense related to declines in the fair
values of certain fixed assets and capitalized software no longer being utilized. For the year ended December 31, 2013, Delphi
did not incur impairment charges related to long-lived assets held for use.
7. INTANGIBLE ASSETS AND GOODWILL
The changes in the carrying amount of intangible assets and goodwill were as follows as of December 31, 2015 and 2014.
See Note 20. Acquisitions and Divestitures for a further description of the goodwill and intangible assets resulting from
Delphi's acquisitions in 2015 and 2014.
As of December 31, 2015 As of December 31, 2014
Estimated
Useful
Lives
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
(Years) (in millions) (in millions)
Amortized intangible assets:
Patents and developed technology........ 6-15 $ 745 $ 279 $ 466 $ 633 $ 229 $ 404
Customer relationships ......................... 4-14 861 171 690 394 143 251
Trade names.......................................... 5-20 105 30 75 99 26 73
Total.................................................... 1,711 480 1,231 1,126 398 728
Unamortized intangible assets:
In-process research and development... — 24 — 24 — — —
Trade names.......................................... — 128 — 128 — — —
Goodwill ............................................... — 1,539 — 1,539 656 — 656
Total.................................................... $ 3,402 $ 480 $ 2,922 $ 1,782 $ 398 $ 1,384