Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7 – Goodwill and Other Intangible Assets

Goodwill and other intangible assets resulted from acquiring businesses. The following table summarizes our other intangible assets:

			December 31, 2013				December 31, 2012
			Gross Carrying	Accumulated	Net Carrying		Gross Carrying	Accumulated	Net Carrying
(In millions)			Amount	Amortization	Amount		Amount	Amortization	Amount

Customer relationships:
	Latin America	$	23.8	(12.6)	11.2	$	27.1	(11.6)	15.5
	EMEA		28.7	(24.7)	4.0		31.9	(27.3)	4.6
	North America		3.0	(3.0)	-		12.9	(5.4)	7.5
	Asia Pacific		13.6	(3.2)	10.4		17.1	(3.3)	13.8
Indefinite-lived trade names:
	Latin America		11.5	-	11.5		11.7	-	11.7
	EMEA		0.3	-	0.3		0.3	-	0.3
	Asia Pacific		-	-	-		1.0	-	1.0
Finite-lived trade names:
	Latin America		1.7	(1.3)	0.4		1.4	(1.4)	-
	EMEA		-	-	-		0.1	(0.1)	-
	North America		-	-	-		1.7	(0.1)	1.6
	Asia Pacific		-	-	-		0.5	(0.5)	-
Other contract-related assets:
	Latin America		9.3	(0.8)	8.5		-	-	-
Other:
	Latin America		0.8	(0.8)	-		1.0	(1.0)	-
	EMEA		1.2	(1.2)	-		1.4	(1.3)	0.1
	Asia Pacific		0.9	(0.9)	-		1.0	(1.0)	-
Total		$	94.8	(48.5)	46.3	$	109.1	(53.0)	56.1

The changes in the carrying amount of goodwill and other intangible assets by operating segment for the years ended December 31, 2013 and 2012 are as follows:

				December 31, 2013
				Beginning	Acquisitions/	Amortization			Ending
(In millions)				Balance	Dispositions	Expense^(a)	Adjustments	Currency	Balance


Goodwill:
	Latin America		$	43.6	14.0	-	-	(7.6)	50.0
	EMEA			142.1	1.8	-	-	4.1	148.0
	North America			20.5	(2.4)	-	-	(0.9)	17.2
	Asia Pacific			37.6	(9.4)	-	-	(3.2)	25.0
Total goodwill				243.8	4.0	-	-	(7.6)	240.2

Other intangibles:
	Customer relationships
		Latin America		15.5	-	(2.7)	-	(1.6)	11.2
		EMEA		4.6	0.8	(1.6)	-	0.2	4.0
		North America		7.5	(5.9)	(1.3)	-	(0.3)	-
		Asia Pacific		13.8	(1.0)	(1.0)	-	(1.4)	10.4
	Indefinite-lived trade names
		Latin America		11.7	-	-	-	(0.2)	11.5
		EMEA		0.3	-	-	-	-	0.3
		Asia Pacific		1.0	-	-	(0.9)	(0.1)	-
	Finite-lived trade names
		Latin America		-	0.7	(0.1)	-	(0.2)	0.4
		North America		1.6	(1.4)	(0.1)	-	(0.1)	-
	Other contract-related assets
		Latin America		-	11.1	(0.9)	-	(1.7)	8.5
	Other
		EMEA		0.1	-	(0.1)	-	-	-
Total other intangibles			$	56.1	4.3	(7.8)	(0.9)	(5.4)	46.3

Includes amortization expense of $1.3 million in 2013 that has been reclassified to discontinued operations.

				December 31, 2012
				Beginning	Acquisitions/	Amortization			Ending
(In millions)				Balance	Dispositions	Expense^(a)	Adjustments	Currency	Balance

Goodwill:
	Latin America		$	46.7	0.2	-	-	(3.3)	43.6
	EMEA			126.0	15.1	-	(2.1)	3.1	142.1
	North America			20.1	-	-	-	0.4	20.5
	Asia Pacific			38.6	-	-	-	(1.0)	37.6
Total goodwill				231.4	15.3	-	(2.1)	(0.8)	243.8

Other intangibles:
	Customer relationships
		Latin America		18.5	1.3	(3.0)	-	(1.3)	15.5
		EMEA		6.4	1.0	(2.7)	-	(0.1)	4.6
		North America		8.9	-	(1.6)	-	0.2	7.5
		Asia Pacific		15.3	-	(1.1)	-	(0.4)	13.8
	Indefinite-lived trade names
		Latin America		10.8	-	-	-	0.9	11.7
		EMEA		0.3	-	-	-	-	0.3
		Asia Pacific		1.0	-	-	-	-	1.0
	Finite-lived trade names
		Latin America		0.1	-	-	-	(0.1)	-
		North America		1.6	-	(0.1)	-	0.1	1.6
		Asia Pacific		0.1	-	(0.1)	-	-	-
	Other
		Latin America		0.2	-	(0.2)	-	-	-
		EMEA		0.4	(0.1)	(0.1)	-	(0.1)	0.1
		Asia Pacific		0.2	-	(0.2)	-	-	-
Total other intangibles			$	63.8	2.2	(9.1)	-	(0.8)	56.1

Includes amortization expense of $1.9 million in 2012 that has been reclassified to discontinued operations.

Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2013, for the next five years is as follows:

(In millions)		2014	2015	2016	2017	2018

Amortization expense	$	5.3	4.7	4.1	3.5	3.0

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details