Patents: Case IH and New Holland brands in agricultural equipment and Case and New Holland Construction brands

in construction equipment, have a significant tradition of technological innovation in the agricultural and construction equipment industries. As of December 31, 2010, they hold over 4,174 patents and over 974 additional applications are pending. They are among the market leaders for the number of patents in the product classes in which they compete. Goodwill and Other Intangibles Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets in a purchase business combination. Goodwill relating to acquisitions of unconsolidated subsidiaries and affiliates is included in Investments in unconsolidated subsidiaries and affiliates in the accompanying consolidated balance sheets. Goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually. During 2010 and 2009, the Company performed its annual impairment review as of December 31 and concluded that there was no impairment in either year. Other intangibles consist primarily of acquired dealer networks, trademarks, product drawings, patents, and software. Other intangibles with indefinite lives principally consist of acquired trademarks, which have no legal, regulatory, contractual, competitive, economic, or other factor that limits their useful life. Intangible assets with an indefinite useful life are not amortized. Other intangible assets with definite lives are being amortized on a straight-line basis over 5 to 30 years.