Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2011

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill, by reportable segment and other operating segments

	December 31, 2009			Goodwill resulting from business combinations		Impairments		Foreign Currency Translation and other(2)			December 31, 2010			Goodwill resulting from business combinations		Impairments(1)			Foreign Currency Translation and other(2)			December 31, 2011
Flow Technology reportable segment
Gross Goodwill	$	652.2		$	53.8	$	—	$	(3.3	)	$	702.7		$	324.8	$	—		$	(7.6	)	$	1,019.9
Accumulated Impairments		—			—		—		—			—			—		—			—			—
Goodwill		652.2			53.8		—		(3.3	)		702.7			324.8		—			(7.6	)		1,019.9
Thermal Equipment and Services reportable segment
Gross Goodwill		622.6			—		—		(20.0	)		602.6			—		—			(4.8	)		597.8
Accumulated Impairments		(114.1	)		—		—		—			(114.1	)		—		(20.8	)		—			(134.9	)
Goodwill		508.5			—		—		(20.0	)		488.5			—		(20.8	)		(4.8	)		462.9
Industrial Products and Services
Gross Goodwill		470.1			7.3		—		(25.9	)		451.5			—		—			(0.9	)		450.6
Accumulated Impairments		(185.8	)		—		—		26.0			(159.8	)		—		—			0.1			(159.7	)
Goodwill		284.3			7.3		—		0.1			291.7			—		—			(0.8	)		290.9
Total
Gross Goodwill		1,744.9			61.1		—		(49.2	)		1,756.8			324.8		—			(13.3	)		2,068.3
Accumulated Impairments		(299.9	)		—		—		26.0			(273.9	)		—		(20.8	)		0.1			(294.6	)
Goodwill	$	1,445.0		$	61.1	$	—	$	(23.2	)	$	1,482.9		$	324.8	$	(20.8	)	$	(13.2	)	$	1,773.7

(1)

Impairment charges totaled $20.8 during the year ended December 31, 2011 related to our SPX Heat Transfer Inc. reporting unit.

(2)

Includes adjustments resulting from recent acquisitions not consummated during the year ended December 31, 2011 and 2010 of $(3.8) and $(5.8), respectively, and changes from foreign currency translation adjustments for the year ended December 31, 2011 and 2010 of $(9.4) and $(17.4), respectively.

Schedule of identifiable intangible assets

	December 31, 2011							December 31, 2010
	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Intangible assets with determinable lives(1):
Patents	$	8.5	$	(7.6	)	$	0.9	$	13.9	$	(12.6	)	$	1.3
Technology		182.2		(30.5	)		151.7		115.4		(22.9	)		92.5
Customer relationships		400.4		(44.7	)		355.7		165.2		(33.3	)		131.9
Other:		38.7		(11.0	)		27.7		27.8		(9.1	)		18.7
		629.8		(93.8	)		536.0		322.3		(77.9	)		244.4
Trademarks with indefinite lives(2):		436.4		—			436.4		369.6		—			369.6
Total	$	1,066.2	$	(93.8	)	$	972.4	$	691.9	$	(77.9	)	$	614.0

⁽¹⁾

The identifiable intangible assets associated with the Clyde Union acquisition consist of trademarks, customer lists, customer relationships and technology of $76.8, $14.7, $234.3 and $59.6, respectively, with such amounts based on a preliminary assessment of the related fair values.

⁽²⁾

Balance reflects impairment charges recorded during 2011 associated with businesses within our Thermal Equipment and Services reportable segment and Industrial Products and Services of $7.5 and $0.8, respectively, and an impairment charge associated with a business within our Thermal Equipment and Services reportable segment of $1.7 in 2010.