Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2011

Goodwill and Other Intangible Assets [Abstract]

Changes in the carrying amount of goodwill

The following table summarizes the changes in the carrying amount of goodwill (in millions):

	Americas			Europe			Asia Pacific		Total
Balance at January 1, 2010
Goodwill	$	1,547.9		$	1,173.1		$	135.5	$	2,856.5
Accumulated impairment losses		(73.0	)		–			–		(73.0	)
		1,474.9			1,173.1			135.5		2,783.5
U.S. Spine reporting unit impairment		(204.0	)		–			–		(204.0	)
Acquisitions		13.1			3.7			37.3		54.1
Currency translation		1.8			(69.7	)		15.1		(52.8	)
Balance at December 31, 2010
Goodwill		1,562.8			1,107.1			187.9		2,857.8
Accumulated impairment losses		(277.0	)		–			–		(277.0	)
		1,285.8			1,107.1			187.9		2,580.8
Acquisitions		26.7			6.6			–		33.3
Currency translation		(0.8	)		4.7			8.0		11.9
Balance at December 31, 2011
Goodwill		1,588.7			1,118.4			195.9		2,903.0
Accumulated impairment losses		(277.0	)		–			–		(277.0	)
	$	1,311.7		$	1,118.4		$	195.9	$	2,626.0

Components Identifiable intangible assets

The components of identifiable intangible assets are as follows (in millions):

	Core Technology			Developed Technology			Intellectual Property Rights			Trademarks and Trade Names			Customer Relationships			Other			Total
As of December 31, 2011:
Intangible assets subject to amortization:
Gross carrying amount	$	144.1		$	530.8		$	172.5		$	40.4		$	164.3		$	82.7		$	1,134.8
Accumulated amortization		(59.9	)		(255.5	)		(100.2	)		(26.9	)		(46.7	)		(39.4	)		(528.6	)
Intangible assets not subject to amortization:
Gross carrying amount		–			–			–			192.3			–			–			192.3
Total identifiable intangible assets	$	84.2		$	275.3		$	72.3		$	205.8		$	117.6		$	43.3		$	798.5
As of December 31, 2010:
Intangible assets subject to amortization:
Gross carrying amount	$	144.1		$	511.5		$	153.7		$	36.8		$	147.7		$	70.0		$	1,063.8
Accumulated amortization		(52.0	)		(219.3	)		(73.4	)		(23.4	)		(32.8	)		(33.1	)		(434.0	)
Intangible assets not subject to amortization:
Gross carrying amount		–			–			–			197.3			–			–			197.3
Total identifiable intangible assets	$	92.1		$	292.2		$	80.3		$	210.7		$	114.9		$	36.9		$	827.1

Intangible amortization expense

Intangible amortization expense was recorded as follows (in millions):

For the Years Ended December 31,	2011		2010		2009
Cost of products sold	$	26.7	$	33.1	$	33.6
Selling, general and administrative		67.1		59.2		59.6
Total intangible amortization	$	93.8	$	92.3	$	93.2

Estimated annual amortization expense

Estimated annual amortization expense based upon intangible assets recognized as of December 31, 2011 for the years ending December 31, 2012 through 2016 is (in millions):

For the Years Ending December 31,
2012	$	94.1
2013		88.1
2014		84.9
2015		71.4
2016		67.1