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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill and Other Intangible Assets  
Summary of changes in the carrying amount of goodwill

 

 

 

 

Construction

 

Transportation

 

Brake &

 

Interconnect

 

FoodService

 

Disc.

 

 

 

(in millions)

 

Materials

 

Products

 

Friction

 

Technologies

 

Products

 

Ops

 

Total

 

Gross balance at January 1, 2013

 

$

127.2

 

$

155.5

 

$

226.7

 

$

444.6

 

$

60.3

 

$

47.4

 

$

1,061.7

 

Currency translation

 

(0.9

)

 

(0.1

)

0.2

 

 

 

(0.8

)

Gross balance at June 30, 2013

 

126.3

 

155.5

 

226.6

 

444.8

 

60.3

 

47.4

 

1,060.9

 

Accumulated impairment losses

 

 

(155.5

)

 

 

 

(47.4

)

(202.9

)

Net balance at June 30, 2013

 

$

126.3

 

$

 

$

226.6

 

$

444.8

 

$

60.3

 

$

 

$

858.0

 

Summary of other intangible assets

The Company’s Other intangible assets, net at June 30, 2013, were as follows:

 

 

 

Acquired

 

Accumulated

 

Net Book

 

(in millions)

 

Cost

 

Amortization

 

Value

 

 

 

 

 

 

 

 

 

Assets subject to amortization:

 

 

 

 

 

 

 

Patents

 

$

135.3

 

$

(24.4

)

$

110.9

 

Customer Relationships

 

440.0

 

(81.6

)

358.4

 

Other

 

20.6

 

(10.7

)

9.9

 

Assets not subject to amortization:

 

 

 

 

 

 

 

Trade names

 

117.2

 

 

117.2

 

 

 

 

 

 

 

 

 

Other intangible assets, net

 

$

713.1

 

$

(116.7

)

$

596.4

 

 

The Company’s Other intangible assets, net at December 31, 2012, were as follows:

 

 

 

Acquired

 

Accumulated

 

Net Book

 

(in millions)

 

Cost

 

Amortization

 

Value

 

 

 

 

 

 

 

 

 

Assets subject to amortization:

 

 

 

 

 

 

 

Patents

 

$

133.2

 

$

(20.0

)

$

113.2

 

Customer Relationships

 

441.4

 

(68.3

)

373.1

 

Other

 

20.9

 

(9.7

)

11.2

 

Assets not subject to amortization:

 

 

 

 

 

 

 

Trade names

 

120.0

 

 

120.0

 

 

 

 

 

 

 

 

 

Other intangible assets, net

 

$

715.5

 

$

(98.0

)

$

617.5

 

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

 

 

 

 

June 30,

 

December 31,

 

(in millions)

 

2013

 

2012

 

 

 

 

 

 

 

Carlisle Construction Materials

 

$

85.7

 

$

89.7

 

Carlisle Transportation Products

 

2.7

 

2.7

 

Carlisle Brake & Friction

 

133.3

 

136.8

 

Carlisle Interconnect Technologies

 

341.2

 

353.4

 

Carlisle FoodService Products

 

33.5

 

34.9

 

 

 

 

 

 

 

Total

 

$

596.4

 

$

617.5