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Accounting Policies (Tables)
3 Months Ended
Mar. 29, 2015
Accounting Policies  
Changes in the carrying amount of goodwill by geographic segment

 

 

 

 

March 29, 2015

 

 

 

Gross Balance

 

Accumulated Impairment Losses

 

Net Goodwill

 

 

 

Balance
January 1,
2015

 

Acquired
During
the
Period

 

Foreign
Currency
Translation
and Other

 

Balance
March 29,
2015

 

Balance
January 1,
2015

 

Impairment
Loss
During the
Period

 

Balance
March 29,
2015

 

March 29,
2015

 

 

 

(in millions )

 

Americas

 

$

398.0

 

$

 

$

(0.7

)

$

397.3

 

$

(24.5

)

$

 

$

(24.5

)

$

372.8

 

Europe, Middle East and Africa (EMEA)

 

265.5

 

 

(26.3

)

239.2

 

 

 

 

239.2

 

Asia-Pacific

 

12.9

 

 

 

12.9

 

(12.9

)

 

(12.9

)

 

Total

 

$

676.4

 

$

 

$

(27.0

)

$

649.4

 

$

(37.4

)

$

 

$

(37.4

)

$

612.0

 

 

 

 

March 30, 2014

 

 

 

Gross Balance

 

Accumulated Impairment Losses

 

Net Goodwill

 

 

 

Balance
January 1,
2014

 

Acquired
During the
Period

 

Foreign
Currency
Translation
and Other

 

Balance
March 30,
2014

 

Balance
January 1,
2014

 

Impairment
Loss During
the Period

 

Balance
March 30,
2014

 

March 30,
2014

 

 

 

(in millions)

 

Americas

 

$

224.7

 

$

 

$

(0.4

)

$

224.3

 

$

(24.5

)

$

 

$

(24.5

)

$

199.8

 

EMEA

 

301.3

 

 

(0.1

)

301.2

 

 

 

 

301.2

 

Asia-Pacific

 

13.3

 

 

(0.4

)

12.9

 

 

 

 

12.9

 

Total

 

$

539.3

 

$

 

$

(0.9

)

$

538.4

 

$

(24.5

)

$

 

$

(24.5

)

$

513.9

 

 

Intangible assets

 

 

 

 

March 29, 2015

 

December 31, 2014

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

 

 

(in millions)

 

Patents

 

$

16.1

 

$

(13.5

)

$

2.6

 

$

16.2

 

$

(13.3

)

$

2.9

 

Customer relationships

 

203.5

 

(91.1

)

112.4

 

206.7

 

(87.5

)

119.2

 

Technology

 

41.8

 

(13.8

)

28.0

 

42.1

 

(12.9

)

29.2

 

Trade Names

 

20.3

 

(4.6

)

15.7

 

20.6

 

(4.2

)

16.4

 

Other

 

9.5

 

(5.7

)

3.8

 

9.5

 

(5.7

)

3.8

 

Total amortizable intangibles

 

291.2

 

(128.7

)

162.5

 

295.1

 

(123.6

)

171.5

 

Indefinite-lived intangible assets

 

36.9

 

 

36.9

 

38.6

 

 

38.6

 

Total

 

$

328.1

 

$

(128.7

)

$

199.4

 

$

333.7

 

$

(123.6

)

$

210.1

 

 

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

 

 

 

 

2015

 

2014

 

Expected life (years)

 

3.0 

 

3.0 

 

Expected stock price volatility

 

23.4 

%

31.2 

%

Expected dividend yield

 

1.2 

%

0.9 

%

Risk-free interest rate

 

1.1 

%

0.7 

%