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

 

 

Construction

 

Interconnect

 

Brake and

 

FoodService

 

 

 

(in millions)

 

Materials

 

Technologies

 

Friction

 

Products

 

Total

 

Gross balance at January 1, 2015

 

$

123.3

 

$

554.3

 

$

226.6

 

$

60.3

 

$

964.5

 

Currency translation

 

(5.0

)

 

 

 

(5.0

)

Net balance at March 31, 2015

 

$

118.3

 

$

554.3

 

$

226.6

 

$

60.3

 

$

959.5

 

 

Summary of other intangible assets

 

The Company’s Other intangible assets, net at March 31, 2015, were as follows:

 

 

Acquired

 

Accumulated

 

Net Book

 

(in millions)

 

Cost

 

Amortization

 

Value

 

Assets subject to amortization:

 

 

 

 

 

 

 

Patents and intellectual property

 

$

143.3

 

$

(39.9

)

$

103.4

 

Customer relationships

 

490.2

 

(128.7

)

361.5

 

Other

 

20.6

 

(12.4

)

8.2

 

Assets not subject to amortization:

 

 

 

 

 

 

 

Trade names

 

120.7

 

 

120.7

 

Other intangible assets, net

 

$

774.8

 

$

(181.0

)

$

593.8

 

 

The Company’s Other intangible assets, net at December 31, 2014, were as follows:

 

 

Acquired

 

Accumulated

 

Net Book

 

(in millions)

 

Cost

 

Amortization

 

Value

 

Assets subject to amortization:

 

 

 

 

 

 

 

Patents and 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

 

Other intangible assets, net

 

$

783.9

 

$

(172.2

)

$

611.7

 

 

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

 

 

March 31,

 

December 31,

 

(in millions)

 

2015

 

2014

 

 

 

 

 

 

 

Carlisle Construction Materials

 

$

64.2 

 

$

72.3 

 

Carlisle Interconnect Technologies

 

378.9 

 

386.6 

 

Carlisle Brake & Friction

 

121.9 

 

123.5 

 

Carlisle FoodService Products

 

28.8 

 

29.3 

 

Total

 

$

593.8 

 

$

611.7