Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets—Net

The Company has three reportable segments: Americas, EMEA and APAC. The changes in the carrying amount of goodwill by reportable segment for the year ended December 31, 2017, 2016 and 2015 are as follows:



(in millions)	Americas			EMEA			APAC			Total
Gross balance as of December 31, 2015	$	1,144.8		$	208.3		$	8.4		$	1,361.5
Accumulated asset impairments	(312.2		)	(203.5		)	—			(515.7		)
Net balance as of December 31, 2015	$	832.6		$	4.8		$	8.4		$	845.8

Foreign currency impact	$	—		$	(0.1	)	$	(0.4	)	$	(0.5	)
Gross balance as of December 31, 2016	1,144.8			208.2			8.0			1,361.0
Accumulated asset impairments	(312.2		)	(203.5		)	—			(515.7		)
Net balance as of December 31, 2016	$	832.6		$	4.7		$	8.0		$	845.3

Foreign currency impact	$	—		$	0.2		$	0.6		$	0.8
Gross balance as of December 31, 2017	1,144.8			208.4			8.6			1,361.8
Accumulated asset impairments	(312.2		)	(203.5		)	—			(515.7		)
Net balance as of December 31, 2017	$	832.6		$	4.9		$	8.6		$	846.1

As of June 30, 2017 and 2016, the Company performed the annual impairment test for its reporting units, as well as its indefinite-lived intangible assets, and based on those results, the fair value of each of the Company's reporting units exceeded their respective carrying values and no impairment was indicated.

The gross carrying amount and accumulated amortization of the Company's intangible assets other than goodwill are as follows as of December 31, 2017 and 2016:



	2017							2016
(in millions)	Gross Carrying Amount		Accumulated Amortization Amount			Net Book Value		Gross Carrying Amount		Accumulated Amortization Amount			Net Book Value
Trademarks and tradenames	$	177.5	$	—		$	177.5	$	172.4	$	—		$	172.4
Customer relationships	415.3		(192.3		)	223.0		415.2		(171.4		)	243.8
Patents	2.8		(1.7		)	1.1		1.6		(1.6		)	—
Other intangibles	144.9		(85.1		)	59.8		140.7		(72.5		)	68.2
Total	$	740.5	$	(279.1	)	$	461.4	$	729.9	$	(245.5	)	$	484.4

Amortization expense for the years ended December 31, 2017, 2016 and 2015 was $31.2 million, $31.2 million and $31.4 million, respectively. At December 31, 2017, the weighted average remaining useful lives of the customer relationships, patents, and other intangibles were approximately 11 years, 13 years and 6 years, respectively. The total weighted average remaining useful life of the definite-lived intangible assets was approximately 10 years.

As of December 31, 2017, the estimated future amortization of intangible assets, other than goodwill, excluding the impact of any future acquisitions or divestitures is as follows:



(in millions)
Year ending December 31:
2018	$	33.7
2019	33.4
2020	33.2
2021	28.8
2022	26.7
Thereafter	128.1
	$	283.9

- 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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