Goodwill

3 Months Ended

Mar. 31, 2016

Goodwill.

Goodwill

4.  Goodwill

The change in the carrying amount of goodwill is as follows:

	(in millions)
Balance at January 1, 2016	$	1,724.8
Acquisition		96.0
Effect of foreign currency translation		3.8
Balance at March 31, 2016	$	1,824.6

We had no accumulated impairment losses related to goodwill at March 31, 2016.

All of the goodwill recorded from our acquisition of Tubular Steel is tax deductible.