XML 44 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Changes in the carrying amount of our goodwill are as follows (dollars in millions):

 

 

 

Goodwill

 

Balance at January 1, 2020

 

$

918.7

 

Impairment of Paper segment

 

 

(55.2

)

Balance at June 30, 2020

 

$

863.5

 

Components of Intangible Assets

The weighted average remaining useful life, gross carrying amount, and accumulated amortization of our intangible assets were as follows (dollars in millions):

 

 

 

June 30, 2020

 

 

December 31, 2019

 

 

 

Weighted

Average

Remaining

Useful Life

(in Years)

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Weighted

Average

Remaining

Useful Life

(in Years)

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

Customer relationships (a)

 

 

9.4

 

 

$

503.8

 

 

$

202.7

 

 

 

10.0

 

 

$

503.8

 

 

$

180.2

 

Trademarks and trade names

 

 

9.3

 

 

 

34.8

 

 

 

21.8

 

 

 

9.5

 

 

 

34.8

 

 

 

20.6

 

Other

 

 

1.6

 

 

 

4.3

 

 

 

3.5

 

 

 

2.1

 

 

 

4.3

 

 

 

3.3

 

Total intangible assets (excluding goodwill)

 

 

9.4

 

 

$

542.9

 

 

$

228.0

 

 

 

9.9

 

 

$

542.9

 

 

$

204.1

 

__________________

(a)

During the second quarter of 2020, the Company recorded a $4.5 million adjustment to decrease the remaining book value of the customer relationships intangible asset as a result of the closure of the San Lorenzo, California corrugated products facility.