Intangible Assets

Goodwill



(In millions)	CooperVision			CooperSurgical			Total
Balance at 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 at October 31, 2016	1,646.4			518.3			2,164.7
Net additions during the nine months ended July 31, 2017	10.3			94.4			104.7
Translation	56.6			7.6			64.2
Balance at July 31, 2017	$	1,713.3		$	620.3		$	2,333.6

We performed our annual impairment assessment in our third quarter of fiscal 2017 and 2016, and our analysis indicated that we had no impairment of goodwill. We evaluate goodwill for impairment annually during the fiscal third quarter and when an event occurs or circumstances change such that it is reasonably possible that impairment may exist. We account for goodwill and evaluate our goodwill balances and test them for impairment in accordance with related accounting standards.

In the third quarter of fiscal 2017, we adopted ASU 2017-04, Intangibles - Goodwill and other (Topic 350): Simplifying the Test for Goodwill Impairment where FASB eliminated Step 2 from the goodwill impairment test, which required a hypothetical purchase price allocation. We performed a qualitative assessment to test each reporting unit's goodwill for impairment. Qualitative factors considered in this assessment include industry and market considerations, overall financial performance and other relevant events and factors affecting each reporting unit. Based on our qualitative assessment, if we determine that the fair value of a reporting unit is more likely than not to be less than its carrying amount, the fair value of a reporting unit will be compared with its carrying amount and an impairment charge will be recognized for the carrying amount which exceeds the reporting unit's fair value. A reporting unit is the level of reporting at which goodwill is tested for impairment. Our reporting units are the same as our business segments - CooperVision and CooperSurgical - reflecting the way that we manage our business. Goodwill impairment analysis and measurement is a process that requires significant judgment. If our common stock price trades below book value per share, there are changes in market conditions or future downturn in our business, or a future annual goodwill impairment test indicates an impairment of our goodwill, we may have to recognize a non-cash impairment of goodwill that could be material and could adversely affect our results of operations in the period recognized and also adversely affect our total assets, stockholders' equity and financial condition.

Other Intangible Assets



	At July 31, 2017				At October 31, 2016
(In millions)	Gross Carrying Amount		Accumulated Amortization & Translation		Gross Carrying Amount		Accumulated Amortization & Translation		Weighted Average Amortization Period
									(In years)
Trademarks	$	40.7	$	9.4	$	36.6	$	6.8	12
Technology	423.5		164.7		354.8		139.3		11
Customer relationships	310.3		139.3		285.7		121.9		13
License and distribution rights and other	68.9		42.1		65.8		33.8		9
	843.4		$	355.5	742.9		$	301.8	12
Less: accumulated amortization and translation	355.5				301.8
Other intangible assets, net	$	487.9			$	441.1

We estimate that amortization expense for our existing other intangible assets at July 31, 2017, will be $67.7 million in fiscal 2017, $66.3 million in fiscal 2018, $63.9 million in fiscal 2019, $53.9 million in fiscal 2020 and $52.4 million in fiscal 2021.