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Goodwill and Identifiable Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill Balances by Segment Reporting Structure

The following table shows our goodwill balances by our segment reporting structure. See Note 4, “Segments” for further details of our new segment structure. We review goodwill for impairment on a reporting unit basis annually during the fourth quarter of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. As of June 30, 2014, we did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable.

 

    Carrying Value at
December 31, 2013
    Accumulated
Impairment
    Carrying Value at
December 31, 2013
    Impact of
Foreign Currency
Translation Six
Months Ended

June 30, 2014
    Carrying Value at
June 30, 2014
    Accumulated
Impairment
    Carrying Value at
June 30, 2014
 

Food Care

  $ 833.7      $ (208.0   $ 625.7      $ 5.8      $ 839.5      $ (208.0   $ 631.5   

Diversey Care

    1,994.1        (883.0     1,111.1        2.2        1,996.3        (883.0     1,113.3   

Product Care

    1,372.8        —          1,372.8        0.2        1,373.0        0.0        1,373.0   

Other

    5.0        —          5.0        0.3        5.3        0.0        5.3   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 4,205.6      $ (1,091.0   $ 3,114.6      $ 8.5      $ 4,214.1      $ (1,091.0   $ 3,123.1   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
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. We have determined that substantially all of the trademarks and trade names included below had indefinite useful lives as of June 30, 2014. As of June 30, 2014, there were no impairment indicators present.

 

     June 30, 2014      December 31, 2013  
     Gross
Carrying
Value
     Accumulated
Amortization
    Accumulated
Impairment
    Net      Gross
Carrying
Value
     Accumulated
Amortization
    Accumulated
Impairment
    Net  

Customer relationships

   $ 955.7       $ (198.2     (148.9   $ 608.6       $ 961.3       $ (171.2   $ (148.9   $ 641.2   

Trademarks and trade names

     881.5         (0.1     (630.2     251.2         881.5         (0.1     (630.2     251.2   

Technology

     258.2         (152.8     (22.2     83.2         252.6         (128.0     (22.2     102.4   

Contracts

     44.3         (26.1     —          18.2         44.0         (21.9     —          22.1   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 

Total

   $ 2,139.7       $ (377.2   $ (801.3   $ 961.2       $ 2,139.4       $ (321.2   $ (801.3   $ 1,016.9   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

   

 

 

 
Remaining Estimated Future Amortization Expense

The following table shows the remaining estimated future amortization expense at June 30, 2014:

 

Year

   Amount  

2014

   $ 53.3   

2015

     88.7   

2016

     84.8   

2017

     79.3   

2018

     70.2   

Thereafter

     333.8   
  

 

 

 

Total

   $ 710.1