Honeywell 2003 Annual Report Download - page 388
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respectively.
NOTE 13--GOODWILL AND OTHER INTANGIBLES--NET
The change in the carrying amount of goodwill for the year ended December 31,
2003 by reportable segment is as follows:
Currency
December 31, Translation December 31,
(Dollars in Millions) 2002 Acquisitions Divestitures Adjustment 2003
---------------------------------------------------------------------------------------------------------------
Aerospace ........................... $1,644 $ -- $ (3) $-- $1,641
Automation and Control Solutions .... 2,678 136 -- 18 2,832
Specialty Materials ................. 849 5 (89) 16 781
Transportation Systems .............. 527 -- -- 8 535
---------------------------------------------------------------------------------------------------------------
$5,698 $141 $(92) $42 $5,789
===============================================================================================================
Intangible assets are comprised of:
December 31, 2003 December 31, 2002
-----------------------------------------------------------------------
Gross Net Gross Net
Carrying Accumulated Carrying Carrying Accumulated Carrying
(Dollars in Millions) Amount Amortization Amount Amount Amortization Amount
-----------------------------------------------------------------------------------------------------------------------------
Intangible assets with determinable lives:
Investments in Aerospace customer incentives ... $ 860 $(141) $ 719 $ 769 $(107) $ 662
Patents and trademarks ......................... 425 (295) 130 411 (286) 125
Other .......................................... 398 (186) 212 433 (183) 250
-----------------------------------------------------------------------------------------------------------------------------
1,683 (622) 1,061 1,613 (576) 1,037
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Trademark with indefinite life .................... 46 (9) 37 46 (9) 37
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$1,729 $(631) $1,098 $1,659 $(585) $1,074
=============================================================================================================================
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