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Other Intangible Assets
9 Months Ended
Sep. 30, 2016
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)

   2016      2015  

Gross cost at January 1

   $ 248.6       $ 247.6   

Capitalization of internally developed software

     0.0         7.0   

Exchange effect

     0.0         0.1   

Disposal of subsidiary

     0.0         (7.7
  

 

 

    

 

 

 

Gross cost at September 30

     248.6         247.0   
  

 

 

    

 

 

 

Accumulated amortization at January 1

     (79.9      (66.5

Amortization expense

     (18.2      (15.6

Exchange effect

     0.0         0.0   

Disposal of subsidiary

     0.0         7.7   
  

 

 

    

 

 

 

Accumulated amortization at September 30

     (98.1      (74.4
  

 

 

    

 

 

 

Net book amount at September 30

   $ 150.5       $ 172.6   
  

 

 

    

 

 

 

Amortization expense

 

     Nine Months Ended
September 30
 

(in millions)

   2016      2015  

Product rights

   $ (2.8    $ (2.8

Brand names

     (0.9      (0.9

Technology

     (2.5      (2.6

Customer relationships

     (5.1      (5.1

Non-compete agreements

     (0.7      (0.7

Marketing related

     (0.7      (0.7

Internally developed software

     (5.5      (2.8
  

 

 

    

 

 

 

Total

   $ (18.2    $ (15.6