Chrysler 2015 Annual Report Download - page 179

2015 | ANNUAL REPORT 179
The following table presents the allocation of Goodwill across our reportable segments:
At December 31,
2015 2014
(€ million)
NAFTA 9,312 8,350
APAC 1,210 1,085
LATAM 583 517
EMEA 276 233
Ferrari(1) —786
Components 62 52
Other activities 54 36
Total Goodwill 11,497 11,059
(1) Goodwill related to Ferrari was reclassified to Assets held for distribution; refer to the section - Principal Activities above
11. Other intangible assets
Externally
acquired
development
costs
Development
costs
internally
generated
Patents,
concessions,
licenses and
credits
Other
intangible
assets Total
(€ million)
Gross carrying amount at January 1, 2014 6,859 4,654 2,285 621 14,419
Additions 1,542 725 350 89 2,706
Divestitures (8) (36) (38) (6) (88)
Translation differences and other changes 239 168 207 4 618
Balance at December 31, 2014 8,632 5,511 2,804 708 17,655
Additions 1,459 1,200 247 130 3,036
Divestitures — (46) (12) (10) (68)
Translation differences and other changes 430 (178) 212 (72) 392
Transfer to Assets held for distribution (1,259) — (131) (55) (1,445)
Balance at December 31, 2015 9,262 6,487 3,120 701 19,570
Accumulated amortization and impairment
losses Balance at January 1, 2014 3,165 2,678 1,086 416 7,345
Amortization 648 409 225 49 1,331
Impairment losses and asset write-offs 46 36 — — 82
Divestitures (6) (30) (33) (4) (73)
Translation differences and other changes (84) 152 59 8 135
Balance at December 31, 2014 3,769 3,245 1,337 469 8,820
Amortization 857 452 301 54 1,664
Impairment losses and asset write-offs 187 34 — 2 223
Divestitures — (34) (11) (9) (54)
Translation differences and other changes 165 (80) 73 (39) 119
Transfer to Assets held for distribution (985) — (117) (46) (1,148)
Balance at December 31, 2015 3,993 3,617 1,583 431 9,624
Carrying amount at December 31, 2014 4,863 2,266 1,467 239 8,835
Carrying amount at December 31, 2015 5,269 2,870 1,537 270 9,946
Additions of €3,036 million in 2015 (€2,706 million in 2014) included development costs of €2,659 million (€2,267
million in 2014), consisting primarily of material costs and personnel related expenses relating to engineering, design
and development focused on content enhancement of existing vehicles, new models and powertrain programs,
as well as the investment for the development of Alfa Romeo vehicles. Of the €223 million impairment losses and
asset write-offs in 2015, €176 million related to the impairment of capitalized development costs that had no future
economic benefit as a result of the Group’s plan to realign a portion of its manufacturing capacity in NAFTA to better
meet market demand for Ram pickups and Jeep vehicles within the Group’s existing plant infrastructure.