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Accounting Policies (Tables)
 6 Months Ended
Jul. 01, 2012
Accounting Policies  
Changes in the carrying amount of goodwill by geographic segment

 

 

 

 

Gross Balance

 

Accumulated Impairment Losses

 

Net
Goodwill

 

 

 

Balance
January 1,
2011

 

Acquired
During
the
Period

 

Foreign
Currency
Translation
and Other

 

Balance
July 3,
2011

 

Balance
January 1,
2011

 

Impairment
Loss During
the Period

 

Balance
July 3,
2011

 

July 3,
2011

 

 

 

(in millions)

 

North America

 

$

213.8

 

$

2.5

 

$

—

 

$

216.3

 

$

(22.0

)

$

—

 

$

(22.0

)

$

194.3

 

Europe, Middle East and Africa (EMEA)

 

228.1

 

62.5

 

17.2

 

307.8

 

—

 

—

 

—

 

307.8

 

Asia

 

8.1

 

4.3

 

0.2

 

12.6

 

—

 

—

 

—

 

12.6

 

Total

 

$

450.0

 

$

69.3

 

$

17.4

 

$

536.7

 

$

(22.0

)

$

—

 

$

(22.0

)

$

514.7

 

 

 

 

Gross Balance

 

Accumulated Impairment Losses

 

Net
Goodwill

 

 

 

Balance
January 1,
2012

 

Acquired
During
the
Period

 

Foreign
Currency
Translation
and Other

 

Balance
July 1,
2012

 

Balance
January 1,
2012

 

Impairment
Loss During
the Period

 

Balance
 July 1,
2012

 

July 1,
2012

 

 

 

(in millions)

 

North America

 

$

215.6

 

$

13.1

 

$

(2.1

)

$

226.6

 

$

(23.2

)

$

—

 

$

(23.2

)

$

203.4

 

EMEA

 

285.3

 

—

 

(10.8

)

274.5

 

—

 

—

 

—

 

274.5

 

Asia

 

12.7

 

—

 

(0.1

)

12.6

 

—

 

—

 

—

 

12.6

 

Total

 

$

513.6

 

$

13.1

 

$

(13.0

)

$

513.7

 

$

(23.2

)

$

—

 

$

(23.2

)

$

490.5

 
Intangible assets

 

 

 

July 1, 2012

 

December 31, 2011

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

 

(in millions)

 

Patents

 

$

16.3

 

$

(11.2

)

$

5.1

 

$

16.5

 

$

(10.8

)

$

5.7

 

Customer relationships

 

132.1

 

(63.9

)

68.2

 

135.8

 

(57.7

)

78.1

 

Technology

 

28.1

 

(8.2

)

19.9

 

19.8

 

(7.1

)

12.7

 

Trade Names

 

13.0

 

(1.3

)

11.7

 

13.4

 

(0.8

)

12.6

 

Other

 

8.6

 

(5.5

)

3.1

 

8.5

 

(5.4

)

3.1

 

Total amortizable intangibles

 

198.1

 

(90.1

)

108.0

 

194.0

 

(81.8

)

112.2

 

Indefinite-lived intangible assets

 

41.5

 

—

 

41.5

 

42.4

 

—

 

42.4

 

Total

 

$

239.6

 

$

(90.1

)

$

149.5

 

$

236.4

 

$

(81.8

)

$

154.6

 
Schedule of weighted average assumptions used to estimate the grant-date fair value of restricted stock units

 

 

 

2012

 

2011

 

Expected life (years)

 

3.0

 

3.0

 

Expected stock price volatility

 

38.3

%

44.9

%

Expected dividend yield

 

1.1

%

1.2

%

Risk-free interest rate

 

0.4

%

1.2

%