Honeywell 2015 Annual Report Download - page 53

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HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS
—(Continued)
(Dollars in millions, except per share amounts)
Other intangible assets are comprised of:
Intangible assets amortization expense was $211 million, $257 million, and $319 million in 2015, 2014, 2013. Estimated
intangible asset amortization expense for each of the next five years approximates $336 million in 2016, $357 million in
2017, $356 million in 2018, $342 million in 2019, and $302 million in 2020.
Note 11. Accrued Liabilities
49
December 31, 2015
December 31, 2014
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Determinable life intangibles:
Patents and technology
$
1,688
$
(1,061
)
$
627
$
1,400
$
(1,005
)
$
395
Customer relationships
3,558
(942
)
2,616
1,867
(857
)
1,010
Trademarks
230
(131
)
99
191
(125
)
66
Other
323
(264
)
59
291
(260
)
31
5,799
(2,398
)
3,401
3,749
(2,247
)
1,502
Indefinite life intangibles:
Trademarks
1,176
—
1,176
706
—
706
$
6,975
$
(2,398
)
$
4,577
$
4,455
$
(2,247
)
$
2,208
December 31,
2015
2014
Customer advances and deferred income
$
1,863
$
2,094
Compensation, benefit and other employee related
1,460
1,476
Asbestos related liabilities
292
352
Repositioning
335
284
Product warranties and performance guarantees
355
332
Environmental costs
253
278
Income taxes
201
261
Accrued interest
97
101
Other taxes (payroll, sales, VAT etc.)
266
243
Insurance
205
264
Other (primarily operating expenses)
950
1,086
$
6,277
$
6,771