Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Other Intangible Assets

Note 10—Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill by segment were as follows:


	Interconnect		Cable
	Products and		Products and
	Assemblies		Solutions		Total
Goodwill at December 31, 2015	$	2,569.2	$	123.7	$	2,692.9
Acquisition-related		1,008.7		22.6		1,031.3
Foreign currency translation		(45.4)		—		(45.4)
Goodwill at December 31, 2016		3,532.5		146.3		3,678.8
Acquisition-related		233.6		0.2		233.8
Foreign currency translation		130.0		—		130.0
Goodwill at December 31, 2017	$	3,896.1	$	146.5	$	4,042.6

Other than goodwill noted above, the following is a summary of the Company’s intangible assets as of December 31, 2017 and 2016:


		December 31, 2017						December 31, 2016
	Weighted	Gross				Net		Gross				Net
	Average	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Life (years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Customer relationships	10	$	398.1	$	199.8	$	198.3	$	381.1	$	159.1	$	222.0
Proprietary technology	11		107.5		50.7		56.8		106.7		40.9		65.8
Backlog and other	2		34.0		33.6		0.4		34.0		33.5		0.5
Total intangible assets (definite-lived)	10		539.6		284.1		255.5		521.8		233.5		288.3

Trade names (indefinite-lived)	-		186.1		—		186.1		186.1		—		186.1
		$	725.7	$	284.1	$	441.6	$	707.9	$	233.5	$	474.4

Intangible assets are included in Intangibles, net and other long-term assets in the accompanying Consolidated Balance Sheets. The aggregate amortization expense for the years ended December 31, 2017, 2016 and 2015 was approximately $48.6, $54.6 and $34.7, respectively. The 2016 amortization expense includes $8.0 related to the amortization of acquired backlog. Amortization expense relating to the Company’s current intangible assets estimated for each of the next five fiscal years is approximately $46.5 in 2018, $42.6 in 2019, $37.2 in 2020, $32.0 in 2021 and $24.2 in 2022.

- 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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