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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2013 were as follows:

 

 

U.S. Print and
Related Services

 

 

International

 

 

Total

 

Net book value as of December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

Goodwill             

$

  3,299.2

 

 

$

  1,321.5

 

 

$

  4,620.7

 

Accumulated impairment losses             

 

(1,989.9

)

 

 

(1,194.4

)

 

 

(3,184.3

)

Total             

 

  1,309.3

 

 

 

  127.1

 

 

 

  1,436.4

 

Foreign exchange and other adjustments             

 

(2.4

)

 

 

  1.0

 

 

 

(1.4

)

Net book value as of September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Goodwill             

 

  3,296.8

 

 

 

  1,307.2

 

 

 

  4,604.0

 

Accumulated impairment losses             

 

(1,989.9

)

 

 

(1,179.1

)

 

 

(3,169.0

)

Total             

$

  1,306.9

 

 

$

  128.1

 

 

$

  1,435.0

 

 

Components of Other Intangible Assets

The components of other intangible assets at September 30, 2013 and December 31, 2012 were as follows:

 

 

September 30, 2013 

 

 

December 31, 2012 

 

 

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

  

Net Book
Value

 

  

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

 

Net Book
Value

 

Customer relationships             

$

  732.3

 

 

$

(433.9

)

  

$

  298.4

 

 

$

  731.1

 

 

$

(388.0

)

 

$

  343.1

 

Patents             

 

  98.3

 

  

 

(98.2

)

  

 

  0.1

 

  

 

  98.3

 

  

 

(98.1

)

 

 

  0.2

 

Trademarks, licenses and agreements             

 

  31.4

 

  

 

(27.7

)

  

 

  3.7

 

  

 

  31.7

 

  

 

(26.1

)

 

 

  5.6

 

Trade names             

 

  27.1

 

  

 

(12.4

)

  

 

  14.7

 

  

 

  27.1

 

  

 

(11.2

)

 

 

  15.9

 

Total amortizable other intangible assets             

 

  889.1

 

  

 

(572.2

)

  

 

  316.9

 

  

 

  888.2

 

  

 

(523.4

)

 

 

  364.8

 

Indefinite-lived trade names             

 

  18.1

 

  

 

 

  

 

  18.1

 

  

 

  18.1

 

  

 

 

 

 

  18.1

 

Total other intangible assets             

$

  907.2

 

  

$

(572.2

)

  

$

  335.0

 

  

$

  906.3

 

  

$

(523.4

)

 

$

  382.9

 

 

Estimated Annual Amortization Expense Related to Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets as of September 30, 2013:

 

For the year ending December 31,

Amount 

 

2013             

$

  64.4

  

2014             

 

  63.5

  

2015             

 

  57.9

  

2016             

 

  39.2

  

2017             

 

  32.8

  

2018 and thereafter             

 

  107.5

  

Total             

$

  365.3