XML 28 R12.htm IDEA: XBRL DOCUMENT v3.6.0.2
Intangible Assets
12 Months Ended
Oct. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Goodwill
(In millions)
CooperVision
 
CooperSurgical
 
Total
Balance as of October 31, 2014
$
1,861.5

 
$
359.4

 
$
2,220.9

Net (reductions) additions during the year ended October 31, 2015
(1.2
)
 
17.4

 
16.2

Translation
(32.7
)
 
(7.3
)
 
(40.0
)
Balance as of October 31, 2015
$
1,827.6

 
$
369.5

 
$
2,197.1

Net additions during the year ended October 31, 2016
9.1

 
156.9

 
166.0

Translation
(190.3
)
 
(8.1
)
 
(198.4
)
Balance as of October 31, 2016
$
1,646.4

 
$
518.3

 
$
2,164.7



Of the October 31, 2016 goodwill balance, $117.9 million for CooperSurgical and $19.7 million for CooperVision is expected to be deductible for tax purposes.
Other Intangible Assets
 
As of October 31, 2016
 
As of October 31, 2015
 
 
(In millions)
Gross
Carrying
Amount
 
Accumulated
Amortization
& Translation
 
Gross
Carrying
Amount
 
Accumulated
Amortization
& Translation
 
Weighted Average Amortization Period
 
 
 
 
 
 
 
 
 
(In years)
Trademarks
$
36.6

 
$
6.8

 
$
23.7

 
$
4.4

 
12
Technology
354.8

 
139.3

 
318.9

 
114.7

 
11
Customer relationships
285.7

 
121.9

 
247.0

 
104.5

 
13
License and distribution rights and other
65.8

 
33.8

 
71.7

 
26.6

 
9
 
742.9

 
$
301.8

 
661.3

 
$
250.2

 
12
Less accumulated amortization and translation
301.8

 
 
 
250.2

 
 
 
 
Other intangible assets, net
$
441.1

 
 
 
$
411.1

 
 
 
 

Included in Technology at October 31, 2016, is $7.4 million of acquired in-process research and development from Sauflon that is not amortized. Included in Technology at October 31, 2015 is $39.5 million of acquired in-process research and development from Sauflon, of which $2.3 million was written off and $29.8 million has been placed in service in during fiscal 2016. See Note 2. Acquisitions for additional information on acquired intangible assets from Sauflon.
We estimate that amortization expense for our existing other intangible assets will be approximately $58.5 million in fiscal 2017, $56.5 million in fiscal 2018, $54.2 million in fiscal 2019, $44.7 million in fiscal 2020 and $43.1 million in fiscal 2021.