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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Other Intangible Assets  
Summary of changes in the carrying amount of Goodwill net

 

                                                                                                                                                                                    

(in millions)

 

Construction
Materials

 

Interconnect
Technologies

 

Fluid
Technologies

 

Brake and
Friction

 

FoodService
Products

 

Total

 

Net balance at January 1, 2014

 

$

129.1

 

$

442.6

 

$

 

$

226.7

 

$

60.3

 

$

858.7

 

Goodwill acquired during year(1)

 

 

 

 

111.7

 

 

 

 

 

 

 

 

111.7

 

Currency translation

 

 

(5.8

)

 

 

 

 

 

(0.1

)

 

 

 

(5.9

)

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Net balance at December 31, 2014

 

$

123.3

 

$

554.3

 

$

 

$

226.6

 

$

60.3

 

$

964.5

 

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Goodwill acquired during year(1)

 

 

 

 

 

 

175.7

 

 

 

 

 

 

175.7

 

Measurement period adjustments

 

 

 

 

1.1

 

 

(0.5

)

 

 

 

 

 

0.6

 

Currency translation

 

 

(4.6

)

 

 

 

(1.8

)

 

 

 

 

 

(6.4

)

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Net balance at December 31, 2015

 

$

118.7

 

$

555.4

 

$

173.4

 

$

226.6

 

$

60.3

 

$

1,134.4

 

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(1)          

See Note 3 for further information on goodwill resulting from recent acquisitions.

 

Summary of other intangible assets, net

 

        The Company's Other intangible assets, net at December 31, 2015, are as follows:

                                                                                                                                                                                    

(in millions)

 

Acquired
Cost

 

Accumulated
Amortization

 

Net Book
Value

 

Assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

Intellectual property

 

$

180.7

 

$

(55.0

)

$

125.7

 

Customer relationships

 

 

673.9

 

 

(160.5

)

 

513.4

 

Other

 

 

13.5

 

 

(10.6

)

 

2.9

 

Assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

245.8

 

 

 

 

245.8

 

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Other intangible assets, net

 

$

1,113.9

 

$

(226.1

)

$

887.8

 

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        The Company's Other intangible assets, net at December 31, 2014, are as follows:

                                                                                                                                                                                    

(in millions)

 

Acquired
Cost

 

Accumulated
Amortization

 

Net Book
Value

 

Assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

Intellectual property

 

$

146.6

 

$

(37.8

)

$

108.8

 

Customer relationships

 

 

494.6

 

 

(122.3

)

 

372.3

 

Other

 

 

20.6

 

 

(12.1

)

 

8.5

 

Assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

122.1

 

 

 

 

122.1

 

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Other intangible assets, net

 

$

783.9

 

$

(172.2

)

$

611.7

 

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Summary of net carrying value of other intangible assets, net by reportable segment

 

                                                                                                                                                                                    

(in millions)

 

2015

 

2014

 

Carlisle Construction Materials

 

$

60.9 

 

$

72.3 

 

Carlisle Interconnect Technologies

 

 

357.3 

 

 

386.6 

 

Carlisle Fluid Technologies

 

 

325.3 

 

 

 

Carlisle Brake & Friction

 

 

117.2 

 

 

123.5 

 

Carlisle FoodService Products

 

 

27.1 

 

 

29.3 

 

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Total

 

$

887.8 

 

$

611.7 

 

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Schedule of acquired cost of the Company's customer relationship intangible assets by estimated useful life

 

The acquired cost of the Company's customer relationship intangible assets by estimated useful life is as follows (in millions):

                                                                                                                                                                                    

 

 

Gross Balance as
of December 31,

 

Estimated Useful Life (Years)

 

2015

 

2014

 

5 - 9

 

$

25.5 

 

$

27.1 

 

10 - 14

 

$

72.3 

 

$

72.3 

 

15 - 19

 

$

468.4 

 

$

287.5 

 

20 - 24

 

$

107.7 

 

$

107.7 

 

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Total

 

$

673.9 

 

$

494.6 

 

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