Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Other Intangible Assets [Abstract]

Intangible Assets and Goodwill

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

	September 30, 2012						December 31, 2011
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Goodwill	$	1,028.5	$	-	$	1,028.5	$	984.7	$	-	$	984.7
Intangible assets:
Amortizable:
Technology	$	19.6	$	19.6	$	-	$	19.6	$	19.6	$	-
Franchise agreements		18.0		15.6		2.4		18.0		14.3		3.7
Customer relationships		337.9		156.1		181.8		328.0		130.1		197.9
Other		13.7		12.2		1.5		13.5		12.1		1.4
		389.2		203.5		185.7		379.1		176.1		203.0
Non-Amortizable:
Trade names(1)		54.0		-		54.0		54.0		-		54.0
Reacquired franchise rights		98.1		-		98.1		97.9		-		97.9
		152.1		-		152.1		151.9		-		151.9
Total Intangible assets	$	541.3	$	203.5	$	337.8	$	531.0	$	176.1	$	354.9

(1) Balances were net of accumulated impairment loss of $139.5 as of both September 30, 2012 and December 31, 2011.

Goodwill

Changes in the carrying value of goodwill by reportable segment and Corporate were as follows:

	Americas(1)		Southern Europe(2)			Northern Europe		APME		Right Management		Corporate(3)			Total(4)
Balance, January 1, 2012	$	461.8	$	59.5		$	260.7	$	77.5	$	60.3		$	64.9	$	984.7
Goodwill acquired		4.8		30.0			-		-		-			-		34.8
Currency and other impacts		0.7		(0.2	)		6.6		-		1.9			-		9.0
Balance, September 30, 2012	$	467.3	$	89.3		$	267.3	$	77.5	$	62.2		$	64.9	$	1,028.5

(1) Balances related to the United States were $448.3 and $448.5 as of January 1, 2012 and September 30, 2012, respectively.

(2) Balances related to France were $42.1 and $70.5 as of January 1, 2012 and September 30, 2012, respectively. Balances related to Italy were $5.4 and $5.3 as of January 1, 2012 and September 30, 2012, respectively.

(3) The majority of the Corporate balance relates to goodwill attributable to 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 consistent 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, 2012 and September 30, 2012.

Goodwill Balances by Reporting Unit

Goodwill balances by reporting unit were as follows:

	September 30,		January 1,
	2012		2012
United States	$	504.0	$	503.8
Netherlands (Vitae)		78.7		79.3
France		70.5		42.1
Right Management		62.2		60.3
Other reporting units(1)		313.1		299.2
Total goodwill	$	1,028.5	$	984.7

(1) Elan reporting unit, which carried $123.8 of goodwill as of December 31, 2011, was integrated into other reporting units within our Northern Europe reportable segment as of January 1, 2012.