Ford 2006 Annual Report Download - page 71
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Notes to the Financial Statements
69
NOTE 12. GOODWILL AND OTHER INTANGIBLES (Continued)
Changes in the carrying amount of goodwill are as follows (in millions):
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In addition to the goodwill presented in the above table, included within Automotive equity in net assets of affiliated
companies was goodwill of $249 million at December 31, 2006. This included an increase of $36 million from 2005
related to the conversion of our investment in Mazda convertible bonds to an investment in Mazda's equity.
The components of identifiable intangible assets are as follows (in millions):
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The intangibles account is comprised of a non-amortizable tradename, distribution networks with a useful life of
40 years, manufacturing and production incentive rights related to an acquisition with a useful life of 4 years, and other
intangibles with various amortization periods (primarily patents, customer contracts, technology, and land rights).
Pre-tax amortization expense related to these intangible assets was as follows (in millions):
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Included in the net intangible asset total for 2006 are impairments related to the long-lived asset test for Ford North
America and PAG (see Note 11). Intangible asset amortization is forecasted to range from $80 million to $90 million per
year for the next four years and $20 million to $30 million thereafter, excluding the impact of foreign currency translation.