Other intangible assets by asset class are as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31
|
|
2016
|
|
2015
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
|
Gross
Carrying
Amount
|
|
Accumulated
Amortization
|
|
Net
Carrying
Amount
|
Intangible assets with indefinite lives:
|
|
|
|
|
|
|
|
|
|
|
|
Tradenames
|
$
|
998
|
|
|
$
|
—
|
|
|
$
|
998
|
|
|
$
|
1,019
|
|
|
$
|
—
|
|
|
$
|
1,019
|
|
Intangible assets with finite lives:
|
|
|
|
|
|
|
|
|
|
|
|
Customer related and contract based
|
3,108
|
|
|
1,971
|
|
|
1,137
|
|
|
2,886
|
|
|
1,809
|
|
|
1,077
|
|
Technology and other
|
574
|
|
|
486
|
|
|
88
|
|
|
541
|
|
|
457
|
|
|
84
|
|
Total
|
$
|
4,680
|
|
|
$
|
2,457
|
|
|
$
|
2,223
|
|
|
$
|
4,446
|
|
|
$
|
2,266
|
|
|
$
|
2,180
|
|
Amortization expense from finite-lived intangible assets was $277 million , $314 million and $352 million during 2016 , 2015 and 2014 , respectively.
The estimated future amortization for finite-lived intangible assets as of December 31, 2016 is as follows (in millions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk
Solutions
|
|
HR
Solutions
|
|
Total
|
2017
|
$
|
123
|
|
|
$
|
136
|
|
|
$
|
259
|
|
2018
|
118
|
|
|
91
|
|
|
209
|
|
2019
|
107
|
|
|
73
|
|
|
180
|
|
2020
|
97
|
|
|
61
|
|
|
158
|
|
2021
|
66
|
|
|
53
|
|
|
119
|
|
Thereafter
|
239
|
|
|
61
|
|
|
300
|
|
Total
|
$
|
750
|
|
|
$
|
475
|
|
|
$
|
1,225
|
|
67
6. Debt
The following is a summary of outstanding debt (in millions):
|
|
|
|
|
|
|
|
|
As of December 31
|
2016
|
|
2015 (1)
|
3.875% Senior Notes due December 2025
|
$
|
744
|
|
|
$
|
—
|
|
5.00% Senior Notes due September 2020
|
598
|
|
|
597
|
|
4.75% Senior Notes due May 2045
|
592
|
|
|
591
|
|
3.50% Senior Notes due June 2024
|
594
|
|
|
593
|
|
4.60% Senior Notes due June 2044
|
543
|
|
|
543
|
|
2.875% Senior Notes due May 2026 (EUR 500M)
|
516
|
|
|
541
|
|
8.205% Junior Subordinated Notes due January 2027
|
521
|
|
|
521
|
|
3.125% Senior Notes due May 2016
|
—
|
|
|
500
|
|
2.80% Senior Notes due March 2021
|
397
|
|
|
396
|
|
4.00% Senior Notes due November 2023
|
347
|
|
|
347
|
|
6.25% Senior Notes due September 2040
|
295
|
|
|
295
|
|
4.76% Senior Notes due March 2018 (CAD 375M)
|
277
|
|
|
270
|
|
4.45% Senior Notes due May 2043
|
246
|
|
|
246
|
|
4.25% Senior Notes due December 2042
|
197
|
|
|
195
|
|
Commercial paper
|
329
|
|
|
50
|
|
Other
|
9
|
|
|
15
|
|
Total debt
|
6,205
|
|
|
5,700
|
|
Less short-term and current portion of long-term debt
|
336
|
|
|
562
|
|
Total long-term debt
|
$
|
5,869
|
|
|
$
|
5,138
|
|
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