Goodwill and Other Intangible Assets
Goodwill balances attributable to consolidated businesses and investments in affiliates, by segment, are set forth in the following table.
|
| | | | | | | | | | | | | | | | | | | | | | | |
| December 31, 2013 | | December 31, 2012 |
| Consolidated
Businesses | | Investments
in Affiliates | | Total | | Consolidated Businesses | | Investments in Affiliates | | Total |
| (In millions) |
Oilseeds Processing | $ | 192 |
| | $ | 184 |
| | $ | 376 |
| | $ | 177 |
| | $ | 184 |
| | $ | 361 |
|
Corn Processing | 81 |
| | 7 |
| | 88 |
| | 85 |
| | 7 |
| | 92 |
|
Agricultural Services | 81 |
| | 7 |
| | 88 |
| | 89 |
| | 1 |
| | 90 |
|
Other | 10 |
| | — |
| | 10 |
| | 8 |
| | — |
| | 8 |
|
Total | $ | 364 |
| | $ | 198 |
| | $ | 562 |
| | $ | 359 |
| | $ | 192 |
| | $ | 551 |
|
The changes in goodwill during the year ended December 31, 2013 related to acquisitions and impairment are disclosed in Notes 1, 2, and 19.
The following table sets forth the other intangible assets:
|
| | | | | | | | | | | | | | | | | | | | | | | | | |
| | | December 31, 2013 | | December 31, 2012 |
| Useful | | Gross | | Accumulated | | | | Gross | | Accumulated | | |
| Life | | Amount | | Amortization | | Net | | Amount | | Amortization | | Net |
| (In years) | | (In millions) |
Intangible assets with indefinite lives: | | | | | | | | | | | | | |
Trademarks/brands | | | $ | 5 |
| | $ | — |
| | $ | 5 |
| | $ | 5 |
| | $ | — |
| | 5 |
|
Other | | | 2 |
| | — |
| | 2 |
| | 2 |
| | — |
| | 2 |
|
| | | | | | | | | | | | | |
Intangible assets with definite lives: | | | | | | | | | | | | | |
Trademarks/brands | 8 to 33 | | 44 |
| | (11 | ) | | 33 |
| | 44 |
| | (7 | ) | | 37 |
|
Customer lists | 9 to 20 | | 130 |
| | (34 | ) | | 96 |
| | 128 |
| | (25 | ) | | 103 |
|
Patents | 15 to 20 | | 43 |
| | (27 | ) | | 16 |
| | 42 |
| | (25 | ) | | 17 |
|
Other | 2 to 47 | | 73 |
| | (28 | ) | | 45 |
| | 65 |
| | (21 | ) | | 44 |
|
| | | | | | | | | | | | | |
Total | | | $ | 297 |
| | $ | (100 | ) | | $ | 197 |
| | $ | 286 |
| | $ | (78 | ) | | $ | 208 |
|
The change in the gross carrying amount of intangible assets during the year ended December 31, 2013 is primarily related to foreign currency translation adjustments.
Aggregate amortization expense was $22 million, $24 million, $10 million, $14 million, $28 million and $10 million for the years ended December 31, 2013 and 2012, the six months ended December 31, 2012 and 2011, and the years ended June 30, 2012 and 2011, respectively. The estimated future aggregate amortization expense for the next five years are $22 million, $22 million, $18 million, $15 million, and $12 million.
