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GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2012
Activity in Goodwill

The following table summarizes the activity in goodwill for the periods indicated:

 

     Nine Months Ended     Year ended  
     September 30, 2012     December 31, 2011  
     MIS      MA     Consolidated     MIS     MA     Consolidated  

Beginning Balance

   $ 11.0      $ 631.9     $ 642.9     $ 11.4     $ 454.1     $ 465.5  

Additions/adjustments

     —           (4.4     (4.4     —          198.5       198.5  

FX translation

     0.2        7.6       7.8       (0.4     (20.7     (21.1
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance

   $ 11.2      $ 635.1     $ 646.3     $ 11.0     $ 631.9     $ 642.9  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Acquired Intangible Assets and Related Amortization

Acquired intangible assets and related amortization consisted of:

 

     September 30,
2012
    December 31,
2011
 

Customer relationships

   $ 218.2     $ 217.9  

Accumulated amortization

     (69.1     (58.6
  

 

 

   

 

 

 

Net customer relationships

     149.1       159.3  
  

 

 

   

 

 

 

Trade secrets

     31.4       31.3  

Accumulated amortization

     (15.4     (13.4
  

 

 

   

 

 

 

Net trade secrets

     16.0       17.9  
  

 

 

   

 

 

 

Software

     72.3       70.9  

Accumulated amortization

     (31.3     (25.1
  

 

 

   

 

 

 

Net software

     41.0       45.8  
  

 

 

   

 

 

 

Trade names

     28.3       28.1  

Accumulated amortization

     (10.0     (9.0
  

 

 

   

 

 

 

Net trade names

     18.3       19.1  
  

 

 

   

 

 

 

Other

     24.9       24.6  

Accumulated amortization

     (16.0     (13.1
  

 

 

   

 

 

 

Net other

     8.9       11.5  
  

 

 

   

 

 

 

Total acquired intangible assets, net

   $ 233.3     $ 253.6  
  

 

 

   

 

 

 
Amortization Expense Relating to Acquired Intangible Assets

Amortization expense relating to acquired intangible assets is as follows:

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2012      2011      2012      2011  

Amortization expense

   $ 8.1      $ 5.0      $ 22.5      $ 14.6  
Estimated Future Amortization Expense for Acquired Intangible Assets Subject to Amortization

Estimated future amortization expense for acquired intangible assets subject to amortization is as follows:

 

Year Ending December 31,

      

2012 (after September 30,)

   $ 7.0  

2013

     27.5  

2014

     22.3  

2015

     20.9  

2016

     19.7  

Thereafter

     135.9