DELPHI 2014 Annual Report Download - page 100

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78
6. PROPERTY, NET
Property, net consisted of:
Estimated Useful
Lives
December 31,
2014 2013
(Years) (in millions)
Land ................................................................................................................ — $ 153 $ 172
Land and leasehold improvements.................................................................. 3-20 115 100
Buildings......................................................................................................... 40 660 665
Machinery, equipment and tooling.................................................................. 3-20 3,630 3,311
Furniture and office equipment....................................................................... 3-10 263 214
Construction in progress ................................................................................. — 382 344
Total.............................................................................................................. 5,203 4,806
Less: accumulated depreciation ...................................................................... (1,860)(1,590)
Total property, net......................................................................................... $ 3,343 $ 3,216
For the year ended December 31, 2014, Delphi recorded asset impairment charges of $5 million in cost of sales and $2
million in selling, general and administrative expense related to declines in the fair values of certain fixed assets and capitalized
software no longer being utilized. For the year ended December 31, 2013, Delphi did not incur impairment charges related to
long-lived assets held for use. For the year ended December 31, 2012, Delphi recorded $15 million of impairment charges to
cost of sales related to long-lived assets held for use in its Electronics and Safety segment in conjunction with a restructuring
program implemented in that period.
7. INTANGIBLE ASSETS AND GOODWILL
The changes in the carrying amount of intangible assets and goodwill were as follows as of December 31, 2014 and 2013.
See Note 20. Acquisitions and Divestitures for a further description of the acquisitions during the year ended December 31,
2014.
As of December 31, 2014 As of December 31, 2013
Estimated
Useful
Lives
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount Accumulated
Amortization
Net
Carrying
Amount
(Years) (in millions) (in millions)
Amortized intangible assets:
Patents and developed technology........ 6-15 $ 681 $ 259 $ 422 $ 671 $ 201 $ 470
Customer relationships ......................... 4-14 396 145 251 297 125 172
Trade names.......................................... 5-20 99 26 73 102 21 81
Total......................................................... 1,176 430 746 1,070 347 723
Unamortized intangible assets:
Goodwill ............................................... — 656 — 656 496 — 496
Total......................................................... $ 1,832 $ 430 $ 1,402 $ 1,566 $ 347 $ 1,219