Goodwill and Other Intangible Assets, net

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, net

The changes in the carrying amount of goodwill, net for the three months ended March 31, 2017, were as follows:



	Construction Materials		Interconnect Technologies		FoodService Products		Fluid Technologies		Brake and Friction		Total
(in millions)	Construction Materials		Interconnect Technologies		FoodService Products		Fluid Technologies		Brake and Friction		Total
Balance at January 1, 2017	$	117.5	$	639.1	$	60.3	$	167.9	$	96.4	$	1,081.2
Goodwill acquired during year ⁽¹⁾	5.5		—		86.9		—		—		92.4
Currency translation and other	1.5		0.9		—		0.9		—		3.3
Balance at March 31, 2017	$	124.5	$	640.0	$	147.2	$	168.8	$	96.4	$	1,176.9

⁽¹⁾See Note 4 for further information on goodwill resulting from recent acquisitions.

The Company’s other intangible assets, net at March 31, 2017, were as follows:



(in millions)	Acquired Cost		Accumulated Amortization			Net Book Value
Assets subject to amortization:
Customer relationships	$	807.0	$	(215.1	)	$	591.9
Intellectual property	238.0		(78.5		)	159.5
Other	16.4		(11.9		)	4.5
Assets not subject to amortization:
Trade names	263.0		—			263.0
Other intangible assets, net	$	1,324.4	$	(305.5	)	$	1,018.9

The Company’s other intangible assets, net at December 31, 2016, were as follows:



(in millions)	Acquired Cost		Accumulated Amortization			Net Book Value
Assets subject to amortization:
Customer relationships	$	704.3	$	(201.6	)	$	502.7
Intellectual property	200.7		(72.4		)	128.3
Other	15.4		(11.7		)	3.7
Assets not subject to amortization:
Trade names	237.5		—			237.5
Other intangible assets, net	$	1,157.9	$	(285.7	)	$	872.2

The net book values of other intangible assets, net by reportable segment were as follows:



(in millions)	March 31, 2017		December 31, 2016
Carlisle Construction Materials	$	59.1	$	55.2
Carlisle Interconnect Technologies	370.6		379.1
Carlisle FoodService Products	180.3		24.9
Carlisle Fluid Technologies	311.2		313.7
Carlisle Brake & Friction	97.7		99.3
Total	$	1,018.9	$	872.2

- 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.

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