XML 37 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS
The changes in the carrying amount of goodwill (net of accumulated amortization) for the years ended December 31, 2018 and 2017 are as follows:
 
LCD
 
CDD
 
Total
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
 
December 31, 2018
 
December 31, 2017
Balance as of January 1
$
3,673.9

 
$
3,644.8

 
$
3,727.0

 
$
2,779.6

 
$
7,400.9

 
$
6,424.4

Goodwill acquired during the year
7.2

 
198.5

 
63.3

 
811.3

 
70.5

 
1,009.8

Reclassification of goodwill as held for sale
—

 
(170.5
)
 


 
—

 
—

 
(170.5
)
Dispositions
(34.9
)
 
—

 
—

 
—

 
(34.9
)
 
—

Foreign currency impact and other adjustments to goodwill
(7.4
)
 
1.1

 
(68.8
)
 
136.1

 
(76.2
)
 
137.2

Balance at end of year
$
3,638.8

 
$
3,673.9

 
$
3,721.5

 
$
3,727.0

 
$
7,360.3

 
$
7,400.9


The components of identifiable intangible assets are as follows:
 
December 31, 2018
 
December 31, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships
$
4,119.4

 
$
(1,146.7
)
 
$
2,972.7

 
$
4,118.1

 
$
(992.8
)
 
$
3,125.3

Patents, licenses and technology
447.3

 
(211.2
)
 
236.1

 
457.9

 
(188.6
)
 
269.3

Non-compete agreements
76.8

 
(53.7
)
 
23.1

 
75.8

 
(48.3
)
 
27.5

Trade names
404.0

 
(189.1
)
 
214.9

 
407.9

 
(167.9
)
 
240.0

Land use rights
10.8

 
(4.1
)
 
6.7

 
10.8

 
(2.5
)
 
8.3

Canadian licenses
457.6

 
—

 
457.6

 
495.7

 
—

 
495.7

 
$
5,515.9

 
$
(1,604.8
)
 
$
3,911.1

 
$
5,566.2

 
$
(1,400.1
)
 
$
4,166.1


A summary of amortizable intangible assets acquired during 2018, and their respective weighted average amortization periods are as follows:
 
Amount
 
Weighted Average
Amortization Period
Customer relationships
$
62.2

 
18.2
Patents, licenses and technology
0.3

 
15.0
Non-compete agreements
1.9

 
5.0
Trade names
3.4

 
5.0
 
$
67.8

 
17.1

Amortization of intangible assets, including amortization of the Canadian license recorded in other assets, was $231.7, $216.5 and $179.5 in 2018, 2017 and 2016, respectively. The Company recorded earn-out, purchase accounting adjustments and impairment losses through amortization expense of $4.5, $3.0, and $4.9 in 2018, 2017 and 2016, respectively. Amortization expense of intangible assets is estimated to be $223.0 in fiscal 2019, $215.3 in fiscal 2020, $209.0 in fiscal 2021, $203.4 in fiscal 2022, $199.8 in fiscal 2023, and $2,403.0 thereafter.