Proctor and Gamble 2007 Annual Report Download - page 60

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Millions of dollars except per share amounts or as otherwise specied.
Notes to Consolidated Financial Statements
The Procter & Gamble Company
58
NOTE 3

The change in the net carrying amount of goodwill by business was
as follows:
June 30  2006

Beauty, beginning of year  $14,580
Acquisitions and divestitures  2,807
Translation and other  483
End of year  17,870
Health Care, beginning of year  1,683
Acquisitions and divestitures
4,318
Translation and other  89
End of year  6,090

Fabric Care and Home Care, beginning of year  644
Acquisitions  1,180
Translation and other  26
End of year  1,850
Baby Care and Family Care, beginning of year  955
Acquisitions and divestitures 672
Translation and other  (64)
End of year  1,563
Snacks, Coffee and Pet Care, beginning of year  1,954
Acquisitions 437
Translation and other 5
End of year  2,396

Blades and Razors, beginning of year 
—
Acquisitions  21,174
Translation and other  365
End of year  21,539
Duracell and Braun, beginning of year 
—
Acquisitions  3,930
Translation and other  68
End of year  3,998
, beginning of year  19,816
Acquisitions and divestitures  34,518
Translation and other  972
End of year  55,306
Acquisitions and divestitures in 2006 primarily reect the Gillette
acquisition, and in 2007 primarily reect the nalization of the Gillette
purchase price allocation. Gillette goodwill has been allocated primarily
to the segments comprising the Gillette businesses (Blades and Razors,
Duracell and Braun, Health Care and Beauty). A portion of the Gillette
goodwill has also been allocated to the other segments on the basis
that certain cost synergies will benet these businesses.
Identiable intangible assets were comprised of:
 2006
Gross Gross
Carrying Accumulated Carrying Accumulated
June 30 Amount Amortization Amount Amortization



Brands     $ 3,135 $ 540
Patents and technology   3,098 425
Customer relationships   1,695 135
Other   333 183
  8,261 1,283

 
26,743
—
  35,004 1,283
The amortization of intangible assets for the years ended June 30, 2007,
2006 and 2005, was $640, $587 and $198, respectively. Estimated
amortization expense over the nextve years is as follows: 2008 – $618;
2009 – $594; 2010 – $556; 2011 – $513 and 2012 – $480. Such estimates
do not reect the impact of future foreign exchange rate changes.
NOTE 4
Selected components of current and noncurrent liabilities were as
follows:
June 30  2006

Marketing and promotion  $2,357
Liability under Wella Domination Agreement  207
Compensation expenses  1,471
Accrued Gillette exit costs  929
Other  4,623
 9,587

Pension benefits (1)  2,550
Other postretirement benefits (1)  374
Other  1,548
 4,472
(1) 2007 amounts include adoption impact of SFAS 158. Refer to Notes 1 and 9 for additional
information.