GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2012

Changes in 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, 2011
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		33.3			–		–			33.3
Currency translation		(0.8	)		4.7		8.0			11.9
Balance at December 31, 2011
Goodwill		1,595.3			1,111.8		195.9			2,903.0
Accumulated impairment losses		(277.0	)		–		–			(277.0	)
		1,318.3			1,111.8		195.9			2,626.0
U.S. Spine reporting unit impairment		(96.0	)		–		–			(96.0	)
Acquisitions		25.9			–		–			25.9
Currency translation		2.7			16.8		(3.6	)		15.9
Balance at December 31, 2012
Goodwill		1,623.9			1,128.6		192.3			2,944.8
Accumulated impairment losses		(373.0	)		–		–			(373.0	)
	$	1,250.9		$	1,128.6	$	192.3		$	2,571.8

Components of Identifiable Intangible Assets

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

	Technology			Intellectual Property Rights			Trademarks and Trade Names			Customer Relationships			Other			Total
As of December 31, 2012:
Intangible assets subject to amortization:
Gross carrying amount	$	695.1		$	173.4		$	47.4		$	177.0		$	95.7		$	1,188.6
Accumulated amortization		(362.5	)		(124.2	)		(31.1	)		(61.7	)		(46.0	)		(625.5	)
Intangible assets not subject to amortization:
Gross carrying amount		–			–			177.6			–			–			177.6
Total identifiable intangible assets	$	332.6		$	49.2		$	193.9		$	115.3		$	49.7		$	740.7
As of December 31, 2011:
Intangible assets subject to amortization:
Gross carrying amount	$	674.9		$	172.5		$	40.4		$	164.3		$	82.7		$	1,134.8
Accumulated amortization		(315.4	)		(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	$	359.5		$	72.3		$	205.8		$	117.6		$	43.3		$	798.5

Intangible amortization expense

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

For the Years Ended December 31,	2012		2011		2010
Cost of products sold	$	24.0	$	26.7	$	33.1
Sellling, general and administrative		73.1		67.1		59.2
Total intangible amortization	$	97.1	$	93.8	$	92.3

Estimated Annual Amortization Expense Based on Intangible Assets Recognized

Estimated annual amortization expense based upon intangible assets recognized as of December 31, 2012 for the years ending December 31, 2013 through 2017 is (in millions):

For the Years Ending December 31,
2013	$	94.1
2014		91.3
2015		77.3
2016		67.8
2017		61.8