Other Financial Information |
7.
Other Financial Information(dollars in millions):
September30,
December31,
2009
2009
Inventories
Finished products
$
697
725
Raw materials and work in process
1,158
1,231
$
1,855
1,956
Property, plant and equipment, net
Property, plant and equipment, at cost
$
8,894
8,992
Less:Accumulated depreciation
(5,394
)
(5,517
)
$
3,500
3,475
Goodwill by business segment
Process Management
$
2,242
2,261
Industrial Automation
1,304
1,404
Network Power
2,454
2,901
Climate Technologies
473
476
Appliance and Tools
605
605
$
7,078
7,647
Changes in goodwill since September 30, 2009, are primarily due to acquisitions, particularly in the Network Power ($462 million) and Industrial Automation ($89 million) segments, as well as foreign currency translation.Valuations of assets are in-process and purchase price allocations for acquisitions are subject to change.
Other assets, other
Intellectual property and customer relationships
$
930
1,243
Capitalized software
214
212
Pension plans
3
5
LANDesk discontinued operations
-
457
Other
385
387
$
1,532
2,304
Intellectual property and customer relationships of companies acquired in fiscal 2010 totaled approximately $344 million, primarily in the Network Power and Industrial Automation segments.See Note 10 for further information regarding the assets held for sale related to LANDesk.
Accrued expenses include the following:
Employee compensation
$
536
554
Customer advanced payments
$
315
346
Product warranty liability
$
199
206
Other liabilities
Pension plans
$
613
629
Postretirement plans, excluding current portion
460
461
Deferred income taxes
406
496
Other
624
602
$
2,103
2,188
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