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Goodwill and Identifiable Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill Balances by Segment Reporting Structure

The following table shows our goodwill balances by our segment reporting structure. See Note 4, “Segments” for further details of our new segment structure. We review goodwill for impairment on a reporting unit basis annually during the fourth quarter of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. As of September 30, 2014, we did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impact of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Currency

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Translation Nine

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying Value at

 

 

Accumulated

 

 

Carrying Value at

 

 

Months Ended

 

 

Carrying Value at

 

 

Accumulated

 

 

Carrying Value at

 

 

December 31, 2013

 

 

Impairment

 

 

December 31, 2013

 

 

September 30, 2014

 

 

September 30, 2014

 

 

Impairment

 

 

September 30, 2014

 

Food Care

$

833.7

 

 

$

(208.0

)

 

$

625.7

 

 

$

(5.7

)

 

$

828.0

 

 

$

(208.0

)

 

$

620.0

 

Diversey Care

 

1,994.1

 

 

 

(883.0

)

 

 

1,111.1

 

 

 

(51.1

)

 

 

1,943.0

 

 

 

(883.0

)

 

 

1,060.0

 

Product Care

 

1,372.8

 

 

 

 

 

 

1,372.8

 

 

 

(0.9

)

 

 

1,371.9

 

 

 

 

 

 

1,371.9

 

Other

 

5.0

 

 

 

 

 

 

5.0

 

 

 

0.1

 

 

 

5.1

 

 

 

 

 

 

5.1

 

Total

$

4,205.6

 

 

$

(1,091.0

)

 

$

3,114.6

 

 

$

(57.6

)

 

$

4,148.0

 

 

$

(1,091.0

)

 

$

3,057.0

 

 

 

Summarize of Identifiable Intangible Assets with Definite and Indefinite Useful Lives

The following tables summarize our identifiable intangible assets with definite and indefinite useful lives. We have determined that substantially all of the trademarks and trade names included below had indefinite useful lives as of September 30, 2014. As of September 30, 2014, there were no impairment indicators present.

 

 

September 30, 2014

 

 

December 31, 2013

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Accumulated

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Accumulated

 

 

 

 

 

 

Value

 

 

Amortization

 

 

Impairment

 

 

Net

 

 

Value

 

 

Amortization

 

 

Impairment

 

 

Net

 

Customer relationships

$

920.1

 

 

$

(204.0

)

 

$

(148.9

)

 

$

567.2

 

 

$

961.3

 

 

$

(171.2

)

 

$

(148.9

)

 

$

641.2

 

Trademarks and trade

   names

 

882.6

 

 

 

(0.2

)

 

 

(630.2

)

 

 

252.2

 

 

 

881.5

 

 

 

(0.1

)

 

 

(630.2

)

 

 

251.2

 

Technology

 

259.0

 

 

 

(161.7

)

 

 

(22.2

)

 

 

75.1

 

 

 

252.6

 

 

 

(128.0

)

 

 

(22.2

)

 

 

102.4

 

Contracts

 

42.6

 

 

 

(27.5

)

 

 

 

 

 

15.1

 

 

 

44.0

 

 

 

(21.9

)

 

 

 

 

 

22.1

 

Total

$

2,104.3

 

 

$

(393.4

)

 

$

(801.3

)

 

$

909.6

 

 

$

2,139.4

 

 

$

(321.2

)

 

$

(801.3

)

 

$

1,016.9

 

 

Remaining Estimated Future Amortization Expense

The following table shows the remaining estimated future amortization expense at September 30, 2014:

 

Year

 

Amount

 

2014

 

$

22.3

 

2015

 

 

85.9

 

2016

 

 

84.6

 

2017

 

 

79.0

 

2018

 

 

67.9

 

Thereafter

 

 

318.8

 

Total

 

$

658.5