GOODWILL AND OTHER ACQUISITION INTANGIBLES

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER ACQUISITION INTANGIBLES

The following is the activity in the goodwill balances for each segment.



	Aerospace Materials			Industrial Materials			In Process Separation			Additive Technologies		Total
Balance at December 31, 2014	$	233.7		$	182.2		$	65.1		$	27.8	$	508.8
2015 Activity:
Foreign currency translation adjustments	(0.5		)	(0.4		)	(0.6		)	—		(1.5		)
Balance at June 30, 2015	$	233.2		$	181.8		$	64.5		$	27.8	$	507.3

Other acquisition intangibles consisted of the following major classes:



	Weighted Average Useful Life (Years)	Gross Carrying Value				Accumulated Amortization						Net Carrying Value
	2015	June 30, 2015		December 31, 2014		June 30, 2015			December 31, 2014			June 30, 2015		December 31, 2014
Technology-based	14.4	$	47.3	$	47.3	$	(28.2	)	$	(26.6	)	$	19.1	$	20.7
Marketing-related	10.2	13.8		13.8		(8.1		)	(7.6		)	5.7		6.2
Customer-related	15.8	150.6		151.3		(41.2		)	(36.6		)	109.4		114.7
Total		$	211.7	$	212.4	$	(77.5	)	$	(70.8	)	$	134.2	$	141.6

Amortization of acquisition intangibles for the three months ended June 30, 2015 and 2014 was $3.5 and $3.7, respectively, and for the six months ended June 30, 2015 and 2014 was $6.9 and $7.3, respectively.

Assuming no change in the gross carrying amount of acquisition intangibles and the June 30, 2015 currency exchange rates remain constant, the estimated annual future amortization expense for 2015 and the next five years are as follows:



	2015		2016		2017		2018		2019		2020
Intangibles amortization expense	$	13.9	$	13.8	$	12.3	$	10.9	$	10.0	$	9.5

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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