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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2012
Goodwill and Other Intangible Assets  
Schedule of changes in the carrying amount of goodwill, by reportable segment and other operating segments

The changes in the carrying amount of goodwill, by reportable segment and our other operating segments for the year ended December 31, 2012, were as follows:

 
   December 31,
2011		   Goodwill
resulting
from business
combinations		   Impairments(1)   Foreign
Currency
Translation
and other(2)		   December 31,
2012		  

Flow Technology reportable segment

                                

Gross goodwill

   $ 1,019.9   $ 14.6   $ —   $ 80.1   $ 1,114.6  

Accumulated impairments

     —     —     —     —     —  
                       

Goodwill

     1,019.9     14.6     —     80.1     1,114.6  
                       

Thermal Equipment and Services reportable segment

                                

Gross goodwill

     586.6     —     —     (22.9 )   563.7  

Accumulated impairments

     (125.3 )   —     (270.4 )   —     (395.7 )
                       

Goodwill

     461.3     —     (270.4 )   (22.9 )   168.0  
                       

Industrial Product and Services

                                

Gross goodwill

     450.6     —     —     2.4     453.0  

Accumulated impairments

     (159.7 )   —     —     (1.9 )   (161.6 )
                       

Goodwill

     290.9     —     —     0.5     291.4  
                       

Total

                                

Gross goodwill

     2,057.1     14.6     —     59.6     2,131.3  

Accumulated impairments

     (285.0 )   —     (270.4 )   (1.9 )   (557.3 )
                       

Goodwill

   $ 1,772.1   $ 14.6   $ (270.4 ) $ 57.7   $ 1,574.0  
                       
(1)
Recorded an impairment charge of $270.4 during the year ended December 31, 2012 related to our Cooling Equipment and Services ("Cooling") reporting unit.

(2)
Includes adjustments resulting from revision to estimates of fair value of certain assets and liabilities associated with Clyde Union and other acquisitions of $73.6 and foreign currency translation adjustments of $8.4, partially offset by the allocation of goodwill of $24.3 related to the deconsolidation of our dry cooling products business in China (see Note 4).

        The changes in the carrying amount of goodwill, by reportable segment and our other operating segments for the year ended December 31, 2011, were as follows:

 
   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

   $ 702.7   $ 324.8   $ —   $ (7.6 ) $ 1,019.9  

Accumulated impairments

     —     —     —     —     —  
                       

Goodwill

     702.7     324.8     —     (7.6 )   1,019.9  
                       

Thermal Equipment and Services reportable segment

                                

Gross goodwill

     591.5     —     —     (4.9 )   586.6  

Accumulated impairments

     (104.5 )   —     (20.8 )   —     (125.3 )
                       

Goodwill

     487.0     —     (20.8 )   (4.9 )   461.3  
                       

Industrial Product and Services

                                

Gross goodwill

     451.5     —     —     (0.9 )   450.6  

Accumulated impairments

     (159.8 )   —     —     0.1     (159.7 )
                       

Goodwill

     291.7     —     —     (0.8 )   290.9  
                       

Total

                                

Gross goodwill

     1,745.7     324.8     —     (13.4 )   2,057.1  

Accumulated impairments

     (264.3 )   —     (20.8 )   0.1     (285.0 )
                       

Goodwill

   $ 1,481.4   $ 324.8   $ (20.8 ) $ (13.3 ) $ 1,772.1  
                       
(1)
Recorded an impairment charge of $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 of $3.8 and foreign currency translation adjustments of $9.5.
Schedule of identifiable intangible assets

 

 

 
   December 31, 2012   December 31, 2011  
 
   Gross
Carrying
Value		   Accumulated
Amortization		   Net
Carrying
Value		   Gross
Carrying
Value		   Accumulated
Amortization		   Net
Carrying
Value		  

Intangible assets with determinable lives:

                                      

Patents

   $ 8.6   $ (8.0 ) $ 0.6   $ 8.5   $ (7.6 ) $ 0.9  

Technology

     190.5     (41.7 )   148.8     182.2     (30.5 )   151.7  

Customer relationships

     420.6     (63.6 )   357.0     400.4     (44.7 )   355.7  

Other:

     33.4     (18.0 )   15.4     38.3     (10.9 )   27.4  
                           

 

     653.1     (131.3 )   521.8     629.4     (93.7 )   535.7  

Trademarks with indefinite lives:(1)

     440.6     —     440.6     436.4     —     436.4  
                           

Total

   $ 1,093.7   $ (131.3 ) $ 962.4   $ 1,065.8   $ (93.7 ) $ 972.1  
                           
(1)
Recorded impairment charges during 2012 of $4.5 associated with two businesses within our Thermal Equipment and Services reportable segment and impairment charges during 2011 of $7.5 and $0.8 associated with businesses within our Thermal Equipment and Service reportable segment and Industrial Products and Services, respectively.