GE 2005 Annual Report Download - page 111

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(111)
Amortization of GECS equipment leased to others was $5,642 million, $5,365 million and $4,224 million in 2005,
2004 and 2003, respectively. Noncancelable future rentals due from customers for equipment on operating leases at
December 31, 2005, are due as follows:
(In millions)
Due in
2006 $ 7,615
2007 6,099
2008 4,743
2009 3,375
2010 2,642
2011 and later 7,840
Total $ 32,314
Note 16
Intangible Assets
December 31 (In millions) 2005 2004
GE
Goodwill $ 48,274 $ 45,775
Intangible assets subject to amortization 7,478 6,911
Indefinite-lived intangible assets(a) 2,087 2,034
57,839 54,720
GECS
Goodwill 21,337 21,590
Intangible assets subject to amortization 2,550 2,146
23,887 23,736
Total $ 81,726 $ 78,456
(a) Indefinite-lived intangible assets principally comprised trademarks, tradenames and U.S. Federal Communications Commission licenses.
Changes in goodwill balances, net of accumulated amortization, follow.
2005 2004
(In millions)
Balance
January 1
Acquisitions/
purchase
accounting
adjustments
Currency
exchange
and other
Balance
December 31
Balance
January 1
Acquisitions/
purchase
accounting
adjustments
Currency
exchange
and other
Balance
December 31
Infrastructure $ 9,759 $ 770 $(363) $ 10,166 $ 9,355 $ 212 $ 192 $ 9,759
Industrial
7,674 1,236 (208) 8,702 5,885 666 1,123
(a)
7,674
Healthcare
13,259 226 (81) 13,404 4,766 8,422 71 13,259
NBC Universal 16,672 946 (84) 17,534 6,730 9,944 (2 ) 16,672
Commercial Finance 10,141 766 (286) 10,621 9,145 929 67 10,141
Consumer Finance 9,860 (24) (652) 9,184 8,163 1,275 422 9,860
Total $ 67,365 $ 3,920 $(1,674) $ 69,611 $ 44,044 $ 21,448 $ 1,873 $ 67,365
(a) Included $1,055 million of goodwill associated with the consolidation of Penske effective January 1, 2004.