Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill and Other Intangible Assets [Abstract]

(8) Goodwill and Other Intangible Assets

We have goodwill, amortizable intangible assets and intangible assets that do not require amortization, as follows:

	June 30, 2011						December 31, 2010
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Goodwill	$	985.4	$	-	$	985.4	$	954.1	$	-	$	954.1
Intangible Assets:
Amortizable:
Technology	$	19.6	$	19.6	$	-	$	19.6	$	19.6	$	-
Franchise Agreements		18.0		13.4		4.6		18.0		12.5		5.5
Customer Relationships		317.5		112.3		205.2		309.4		94.3		215.1
Other		14.6		12.9		1.7		14.0		11.7		2.3
		369.7		158.2		211.5		361.0		138.1		222.9
Non-Amortizable:
Tradenames(1)		55.4		-		55.4		55.3		-		55.3
Reacquired Franchise Rights		98.2		-		98.2		98.0		-		98.0
		153.6		-		153.6		153.3		-		153.3
Total Intangible Assets	$	523.3	$	158.2	$	365.1	$	514.3	$	138.1	$	376.2

(1)	Balances were net of accumulated impairment loss of $139.5 as of both June 30, 2011 and December 31, 2010.

Changes in the carrying value of goodwill by reportable segment and Corporate were as follows. This presentation reflects the realignment of our segments. See Note 14 for further information.

	Americas(1)			Southern Europe(2)		Northern Europe		APME		Right Management		Corporate(3)			Total(4)
Balance, January 1, 2011	$	465.5		$	33.1	$	265.1	$	64.9	$	60.6		$	64.9	$	954.1
Goodwill acquired		-			-		-		15.4		-			-		15.4
Currency and other impacts		(2.9	)		2.4		13.6		0.9		1.9			-		15.9
Balance, June 30, 2011	$	462.6		$	35.5	$	278.7	$	81.2	$	62.5		$	64.9	$	985.4

(1) Balances related to the United States were $451.7 and $448.3 as of January 1, 2011 and June 30, 2011, respectively.

(2) Balances related to France were $15.8 and $17.1 as of January 1, 2011 and June 30, 2011, respectively. Balances related to Italy were $4.6 and $5.0 as of January 1, 2011 and June 30, 2011, respectively.

(3) The majority of the Corporate balance relates to goodwill attributable from our acquisition of Jefferson Wells ($55.5) which is now part of the United States reporting unit. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments as this is commensurate with how we operate our business. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing. See table below for the breakout of goodwill balances by reporting unit.

(4) Balances were net of accumulated impairment loss of $513.4 as of both January 1, 2011 and June 30, 2011.

Goodwill balances by reporting unit were as follows:

	June 30,		January 1,
	2011		2011
United States	$	503.8	$	507.2
Elan		126.8		123.2
Netherlands (Vitae)		88.7		81.9
Right Management		62.5		60.6
Other reporting units		203.6		181.2
Total goodwill	$	985.4	$	954.1

We did not perform an interim impairment test of our goodwill and indefinite-lived intangible assets in the second quarter of 2011 as we noted no significant indicators of impairment as of June 30, 2011.