Waste Management 2013 Annual Report Download - page 191

WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Also as a result of our annual fourth quarter impairment tests, we incurred (i) $10 million of charges in 2013
to impair goodwill associated with our Puerto Rico operations and $4 million to impair goodwill associated with
our recycling business and (ii) $4 million of charges in 2012 to impair goodwill related to certain of our non-
Solid Waste operations. We incurred no impairment charges in 2011 as a result of our annual fourth quarter
goodwill impairment tests.
Other than as discussed above with respect to our Wheelabrator business, we did not encounter any events
or changes in circumstances that indicated that an impairment was more likely than not during interim periods in
2013, 2012 or 2011. Goodwill impairments, in addition to the charges incurred in 2013 and 2012, may be
incurred at any time in the future.
Our other intangible assets as of December 31, 2013 and 2012 were comprised of the following (in
millions):
Customer
and
Supplier
Relationships
Covenants
Not-to-
Compete
Licenses,
Permits
and Other Total
December 31, 2013:
Intangible assets ............................. $604 $87 $123 $ 814
Less accumulated amortization .................. (193) (57) (35) (285)
$ 411 $ 30 $ 88 $ 529
December 31, 2012:
Intangible assets ............................. $426 $97 $127 $ 650
Less accumulated amortization .................. (167) (54) (32) (253)
$ 259 $ 43 $ 95 $ 397
Amortization expense for other intangible assets was $80 million for 2013, $69 million for 2012, and $51
million for 2011. At December 31, 2013, we had $19 million of licenses, permits and other intangible assets that
are not subject to amortization, because they do not have stated expirations or have routine, administrative
renewal processes. Additional information related to other intangible assets acquired through business
combinations is included in Note 19. As of December 31, 2013, expected annual amortization expense related to
other intangible assets is $80 million in 2014; $69 million in 2015; $62 million in 2016; $55 million in 2017 and
$50 million in 2018.
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