Boeing 2011 Annual Report Download - page 79

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Note 3 – Goodwill and Acquired Intangibles
Changes in the carrying amount of goodwill by reportable segment for the years ended December 31,
2011, 2010 and 2009 were as follows:
Commercial
Airplanes
Boeing
Military
Aircraft
Network
& Space
Systems
Global
Services
& Support Total
Balance at January 1, 2009 $1,449 $ 848 $1,084 $266 $3,647
Vought acquisition 606 606
Goodwill adjustments 28 18 20 66
Balance at December 31, 2009 $2,083 $ 848 $1,102 $286 $4,319
Argon acquisition 193 345 11 549
Other acquisitions 18 14 4 36
Goodwill adjustments 9 24 33
Balance at December 31, 2010 $2,110 $1,041 $1,461 $325 $4,937
Acquisitions 16 16
Goodwill adjustments (4) (4) (8)
Balance at December 31, 2011 $2,106 $1,041 $1,473 $325 $4,945
As of December 31, 2011 and 2010, we had indefinite-lived intangible assets with carrying amounts of
$497 and $499 relating to tradenames.
The gross carrying amounts and accumulated amortization of our acquired finite-lived intangible assets
were as follows at December 31:
2011 2010
Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Distribution rights $1,915 $ 295 $1,661 $ 211
Product know-how 507 144 499 116
Customer base 606 253 603 208
Developed technology 833 684 834 653
Other 195 133 193 122
Total $4,056 $1,509 $3,790 $1,310
Amortization expense for acquired finite-lived intangible assets for the years ended December 31,
2011 and 2010 was $203 and $217. Estimated amortization expense for the five succeeding years is
as follows: 2012 – $209; 2013 – $189; 2014 – $183; 2015 – $171 and 2016 – $155.
Non-cash investing and financing transactions related to acquired finite-lived intangibles during 2011
and 2010 were $256 and $62. Total acquired finite-lived intangibles of $335 and $529 remain unpaid
as of December 31, 2011 and 2010.
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