Other Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

NOTE 5 – OTHER INTANGIBLE ASSETS

The following table summarizes the other intangible assets movement year on year:

	Nine Months Ended September 30
(in millions)	2014			2013
Gross cost at January 1	$	175.5		$	106.2
Capitalization of internally developed software and other costs		6.1			9.0
Acquisitions		0.0			33.7
Exchange effect		0.0			0.1
Gross cost at September 30		181.6			149.0
Accumulated amortization at January 1		(48.7	)		(37.6	)
Amortization expense		(12.7	)		(6.6	)
Exchange effect		0.0			0.0
Accumulated amortization at September 30		(61.4	)		(44.2	)
Net book amount at September 30	$	120.2		$	104.8

Capitalization of internally developed software and other costs

We are continuing with the implementation of a new, company-wide, information system platform. At September 30, 2014, we had capitalized $25.6 million (2013 – $19.1 million) in relation to this internally developed software.

Amortization expense

	Nine Months Ended September 30
(in millions)	2014			2013
Product rights	$	(2.8	)	$	(0.3	)
Brand names		(0.4	)		0.0
Technology		(1.7	)		(1.5	)
Customer relationships		(3.5	)		(2.7	)
Patents		(0.2	)		(0.3	)
Internally developed software		(2.8	)		0.0
Non-compete agreements		(0.6	)		(0.6	)
Marketing related		(0.7	)		(1.2	)
Total	$	(12.7	)	$	(6.6	)