Intangible Assets

12 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

11. INTANGIBLE ASSETS

The table below provides details of acquired intangible assets:

	30 September 2015						30 September 2014
				Accumulated						Accumulated
				Amortization/						Amortization/
		Gross		Impairment		Net		Gross		Impairment		Net
Customer relationships	$	507.4	$	(129.6)	$	377.8	$	577.8	$	(119.0)	$	458.8
Patents and technology		76.9		(53.3)		23.6		82.4		(52.2)		30.2
Other		81.8		(35.0)		46.8		84.7		(32.5)		52.2
Total finite-lived intangibles		666.1		(217.9)		448.2		744.9		(203.7)		541.2
Trade names and trademarks, indefinite-lived		63.4		(3.3)		60.1		79.3		(4.7)		74.6
Total Intangible Assets	$	729.5	$	(221.2)	$	508.3	$	824.2	$	(208.4)	$	615.8

The decrease in intangible assets from 2014 to 2015 is primarily due to currency translation. Amortization expense for intangible assets was $36.0, $42.1, and $42.3 in 2015, 2014, and 2013, respectively. Refer to Note 1, Major Accounting Policies, for amortization periods associated with our intangible assets.

In the fourth quarter of 2015, we conducted our annual impairment test of indefinite-lived intangibles and found no indications of impairment.

In the fourth quarter of 2014, we conducted our annual impairment test of indefinite-lived intangibles utilizing the royalty savings method, a form of the income approach. We determined that the carrying value of trade names and trademarks were in excess of their fair value, and as a result, we recorded an impairment charge of $4.9 to reduce these assets to their fair value. This impairment is reflected within “Goodwill and intangible asset impairment charge” on our consolidated income statements. These trade names and trademarks are included in our Industrial Gases – Americas segment.

Projected annual amortization expense for intangible assets as of 30 September 2015 is as follows:

2016	$	33.7
2017		33.0
2018		31.1
2019		29.6
2020		29.2
Thereafter		291.6
Total	$	448.2