Alcoa 2014 Annual Report Download - page 131
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E. Goodwill and Other Intangible Assets
The following table details the changes in the carrying amount of goodwill:
Alumina
Primary
Metals
Global
Rolled
Products
Engineered
Products
and
Solutions Corporate* Total
Balance at December 31, 2012:
Goodwill $10 $ 997 $214 $2,705 $1,272 $ 5,198
Accumulated impairment losses - - - (28) - (28)
10 997 214 2,677 1,272 5,170
Impairment - (989) - - (742) (1,731)
Translation (1) (8) 4 (7) (12) (24)
Balance at December 31, 2013:
Goodwill 9 989 218 2,698 1,260 5,174
Accumulated impairment losses - (989) - (28) (742) (1,759)
9 - 218 2,670 518 3,415
Acquisitions (F) - - - 1,898 - 1,898
Divestitures (F) (3) - - - - (3)
Translation 2 - (8) (49) (8) (63)
Balance at December 31, 2014:
Goodwill 8 989 210 4,547 1,252 7,006
Accumulated impairment losses - (989) - (28) (742) (1,759)
$ 8 $ - $210 $4,519 $ 510 $ 5,247
* As of December 31, 2014, $485 of the amount reflected in Corporate is allocated to three of Alcoa’s four reportable
segments ($152 to Alumina, $61 to Global Rolled Products, and $272 to Engineered Products and Solutions)
included in the table above for purposes of impairment testing (see Note A). This goodwill is reflected in Corporate
for segment reporting purposes because it is not included in management’s assessment of performance by the three
reportable segments.
In 2013, Alcoa recognized an impairment of goodwill in the amount of $1,731 ($1,719 after noncontrolling interest)
related to the annual impairment review of the Primary Metals segment (see Goodwill and Other Intangible Assets
policy in Note A).
Other intangible assets, which are included in Other noncurrent assets on the accompanying Consolidated Balance
Sheet, were as follows:
December 31, 2014
Gross
carrying
amount
Accumulated
amortization
Computer software $ 973 $(775)
Patents and licenses 133 (98)
Other intangibles* 493 (35)
Total amortizable intangible assets 1,599 (908)
Indefinite-lived trade names and trademarks 46 -
Total other intangible assets $1,645 $(908)
* As of December 31, 2014, Other intangibles include an amount related to the acquisition of an aerospace business
(see Note F).
109