Goodwill and Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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:

								Impact of
								Foreign Currency
								Translation
	Gross Carrying Value at		Accumulated			Carrying Value at		Year Ended			Gross Carrying Value at		Accumulated			Carrying Value at
(In millions)	December 31, 2013		Impairment			December 31, 2013		December 31, 2014			December 31, 2014		Impairment			December 31, 2014
Food Care	$	833.7	$	(208.0	)	$	625.7	$	(14.0	)	$	819.7	$	(208.0	)	$	611.7
Diversey Care		1,994.1		(883.0	)		1,111.1		(93.3	)		1,900.8		(883.0	)		1,017.8
Product Care		1,372.8		—			1,372.8		(1.6	)		1,371.2		—			1,371.2
Other		5.0		—			5.0		(0.2	)		4.8		—			4.8
Total	$	4,205.6	$	(1,091.0	)	$	3,114.6	$	(109.1	)	$	4,096.5	$	(1,091.0	)	$	3,005.5

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 2014 annual impairment test were the following:


	% by Which Estimated Fair value
Reporting Unit	exceeds Carrying Value
Food Care — Packaging Solutions		243	%
Food Care — Hygiene Solutions		282	%
Diversey Care		44	%
Product Care		92	%
Medical Applications		788	%

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, 2014										December 31, 2013
	Gross										Gross
	Carrying		Accumulated			Accumulated					Carrying		Accumulated			Accumulated
(In millions)	Value		Amortization			Impairment ⁽¹⁾⁽²⁾			Net		Value		Amortization			Impairment ⁽¹⁾⁽²⁾			Net
Customer relationships	$	890.8	$	(210.8	)	$	(148.9	)	$	531.1	$	961.3	$	(171.2	)	$	(148.9	)	$	641.2
Trademarks and trade names		1.3		(0.2	)		—			1.1		0.20		(0.10	)		-			0.1
Technology		266.4		(167.0	)		(22.2	)		77.2		252.6		(128.0	)		(22.2	)		102.4
Contracts		40.6		(28.9	)		—			11.7		44.0		(21.9	)		—			22.1
Total intangible assets with definite lives	$	1,199.1	$	(406.9	)	$	(171.1	)	$	621.1	$	1,258.1	$	(321.2	)	$	(171.1	)	$	765.8
Trademarks and trade names with indefinite lives		881.3		—			(630.2	)		251.1		881.3		—			(630.2	)		251.1
Total	$	2,080.4	$	(406.9	)	$	(801.3	)	$	872.2	$	2,139.4	$	(321.2	)	$	(801.3	)	$	1,016.9

⁽¹⁾

During the third quarter of 2012, we determined that sufficient indicators existed to require an interim impairment review of our Diversey trade name. 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 indefinite lived trademarks and trade names, and we performed an interim impairment review of our customer relationships. As a result, we recorded a pre-tax impairment charge of $149 million of customer relationships, and a pre-tax impairment charge of $441 million of trademarks and trade names.

⁽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, 2014.

Year	Amount (in millions)
2015	$	86.5
2016		84.4
2017		77.6
2018		65.5
Thereafter		307.1
Total	$	621.1

Remaining Weighted Average Useful Life of Definite Intangible Assets

The following table shows the remaining weighted average useful life of our definite intangible assets as of December 31, 2014.

	Remaining weighted average useful lives
Customer relationships		9.8
Trademarks and trade names		4.8
Technology		4.1
Contracts		2.8
Total intangible assets with definite lives		8.9