Honeywell 2014 Annual Report Download - page 58

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Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
December 31, 2014 December 31, 2013
Determinable life intangibles:
Patents and technology . . . . . $1,400 $(1,005) $ 395 $1,438 $ (935) $ 503
Customer relationships . . . . . . 1,867 (857) 1,010 1,904 (749) 1,155
Trademarks. . . . . . . . . . . . . . . . . 191 (125) 66 194 (118) 76
Other. . . . . . . . . . . . . . . . . . . . . . . 291 (260) 31 294 (234) 60
3,749 (2,247) 1,502 3,830 (2,036) 1,794
Indefinite life intangibles:
Trademarks. . . . . . . . . . . . . . . . . 706 — 706 720 — 720
$4,455 $(2,247) $2,208 $4,550 $(2,036) $2,514
Intangible assets amortization expense was $257 million, $319 million, and $266 million in 2014,
2013, 2012, respectively. Estimated intangible asset amortization expense for each of the next five
years approximates $208 million in 2015, $183 million in 2016, $173 million in 2017, $157 million in
2018, and $143 million in 2019.
Note 11. Accrued Liabilities
2014 2013
December 31,
Customer advances and deferred income . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,094 $2,172
Compensation, benefit and other employee related . . . . . . . . . . . . . . . . . . . 1,476 1,506
Asbestos related liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 352 461
Repositioning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 284 303
Product warranties and performance guarantees . . . . . . . . . . . . . . . . . . . . . . 332 323
Environmental costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 278 304
Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 261 240
Accrued interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101 100
Other taxes (payroll, sales, VAT etc.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 243 249
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 264 255
Other (primarily operating expenses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,086 1,066
$6,771 $6,979
49
HONEYWELL INTERNATIONAL INC.
NOTES TO FINANCIAL STATEMENTS—(Continued)
(Dollars in millions, except per share amounts)