Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The carrying amount of goodwill attributable to each operating segment and the changes in those balances during the years ended December 31, 2015 and 2014, are as follows:



(In millions)	Grace Catalysts Technologies			Grace Materials Technologies			Grace Construction Products			Total Grace
Balance, December 31, 2013	$	293.4		$	41.2		$	122.9		$	457.5
Foreign currency translation	(0.9		)	(2.3		)	(10.8		)	(14.0		)
Other adjustments	1.3			11.5			(3.4		)	9.4
Balance, December 31, 2014	293.8			50.4			108.7			452.9
Foreign currency translation	(1.0		)	(2.0		)	(10.8		)	(13.8		)
Other adjustments	—			—			(0.1		)	(0.1		)
Balance, December 31, 2015	$	292.8		$	48.4		$	97.8		$	439.0

Other adjustments in 2014 in the table above relate primarily to deferred income taxes for prior acquisitions that were corrected during 2014, including $8.0 million that was recorded in "benefit from (provision for) income taxes" in the Consolidated Financial Statements. Grace determined that these amounts are not material to 2014 or prior periods.

Grace's net book value of other intangible assets at December 31, 2015 and 2014, was $260.8 million and $288.0 million, respectively, detailed as follows:



	December 31, 2015
(In millions)	Gross Carrying Amount		Accumulated Amortization
Technology	$	254.9	$	60.7
Customer lists	81.1		47.6
Trademarks	34.0		16.3
Other	20.6		5.2
Total	$	390.6	$	129.8



	December 31, 2014
(In millions)	Gross Carrying Amount		Accumulated Amortization
Technology	$	257.9	$	49.5
Customer lists	88.5		46.2
Trademarks	34.9		15.0
Other	21.5		4.1
Total	$	402.8	$	114.8

Total indefinite-lived trademarks, included above, at December 31, 2015 and 2014, were $3.8 million and $4.2 million, respectively. Amortization expense related to intangible assets was $20.8 million, $22.9 million, and $12.7 million in 2015, 2014, and 2013, respectively.

At December 31, 2015, estimated future annual amortization expense for intangible assets is:



	(In millions)
2016	$	17.9
2017	16.7
2018	16.4
2019	14.7
2020	14.3
Thereafter	177.0
	$	257.0

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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