Goodwill and Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Goodwill Balances by Segment Reporting Structure

The goodwill of the Other Category is represented by the goodwill of the Medical Applications reporting unit. The following table shows our goodwill balances by our new segment reporting structure:


	Gross Carrying Value at December 31, 2012		Accumulated Impairment			Carrying Value at December 31, 2012		Impact of Foreign Currency Translation Year Ended December 31, 2013			Gross Carrying Value at December 31, 2013		Accumulated Impairment			Carrying Value at December 31, 2013
Food Care	$	837.7	$	(208.0	)	$	629.7	$	(4.0	)	$	833.7	$	(208.0	)	$	625.7
Diversey Care		2,026.1		(883.0	)		1,143.1		(32.0	)		1,994.1		(883.0	)		1,111.1
Product Care		1,372.7		—			1,372.7		0.1			1,372.8		—			1,372.8
Other Category		5.7		—			5.7		(0.7	)		5.0		—			5.0

Total	$	4,242.2	$	(1,091.0	)	$	3,151.2	$	(36.6	)	$	4,205.6	$	(1,091.0	)	$	3,114.6

Summary of Percentage by Which Estimated Fair Value Exceeds Carrying Value

The excess of estimated fair values over carrying value, including goodwill for each of our reporting units that had goodwill as of the 2013 annual impairment test were the following:


Reporting Unit	% by Which Estimated Fair value exceeds Carrying Value As of December 31, 2013
Food Care — Packaging Solutions		321	%
Food Care — Hygiene Solutions		91	%
Diversey Care		27	%
Product Care		35	%
Medical Applications		96	%

⁽¹⁾

The Medical Applications reporting unit as of our 2013 annual goodwill test date included the rigid medical packaging business which was disposed of on December 6, 2013. Included in the assets that were disposed of was approximately $40.2 million of goodwill that was previously included in the Medical Applications reporting unit. See Note 3, “Divestitures”, for further details regarding this disposition.

Summarize of Identifiable Intangible Assets with Definite and Indefinite Useful Lives

The following tables summarize our identifiable intangible assets with definite and indefinite useful lives:


	December 31, 2013										December 31, 2012
	Gross Carrying Value		Accumulated Amortization			Accumulated Impairment⁽¹⁾⁽²⁾			Net		Gross Carrying Value		Accumulated Amortization			Accumulated Impairment⁽¹⁾⁽²⁾			Net
Customer relationships	$	961.3	$	(171.2	)		(148.9	)	$	641.2	$	963.1	$	(105.7	)	$	(148.9	)	$	708.5
Trademarks and trade names		881.5		(0.1	)		(630.2	)		251.2		881.9		(0.5	)		(630.2	)		251.2
Technology		252.6		(128.0	)		(22.2	)		102.4		243.2		(78.8	)		(22.2	)		142.2
Contracts		44.0		(21.9	)		—			22.1		44.4		(14.7	)		—			29.7

Total	$	2,139.4	$	(321.2	)	$	(801.3	)	$	1,016.9	$	2,132.6	$	(199.7	)	$	(801.3	)	$	1,131.6

⁽¹⁾

During the third quarter of 2012, we determined that sufficient indicators existed to require an interim impairment review of our Diversey tradename. Based on our analysis, the fair value of this intangible was lower than the carrying value, which resulted in a pre-tax impairment charge of $189 million. In addition, during the fourth quarter of 2012, we completed our annual impairment test for other indefinite lived intangibles and we performed an interim impairment review of our customer relationships and trademarks and trade names. As a result, we recorded a total impairment charge of $779 million which is included in impairment of goodwill and other intangible assets on the consolidated statements of operations in the year ended December 31, 2012.

⁽²⁾

During the fourth quarter of 2012, we made a decision to suspend certain development efforts and abandon future product development work on a project included in our Other Category for segment reporting. As a result, we recorded an impairment of $22 million ($14 million, net of taxes), which is included in impairment of goodwill and other intangible assets on the consolidated statements of operations in the year ended December 31, 2012.

Remaining Estimated Future Amortization Expense

The following table shows the remaining estimated future amortization expense at December 31, 2013.


Year	Amount
2014	$	111.4
2015		85.8
2016		84.8
2017		79.4
Thereafter		404.6

Total	$	766.0