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Goodwill

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill:

The changes in the carrying amount of goodwill for the first three months of 2013, in total and by segment, are summarized in the table below (in millions):



	Balance at December 31, 2012												Balance at March 31, 2013
Segment:	Goodwill ⁽¹⁾				Acquisitions / (Dispositions)				Other⁽²⁾				Goodwill
Residential Heating & Cooling	$	26.1			$	—			$	—			$	26.1
Commercial Heating & Cooling	63.8				—				(0.5		)		63.3
Refrigeration	133.9				—				0.1				134.0
	$	223.8			$	—			$	(0.4	)		$	223.4

⁽¹⁾ The Goodwill balances presented in the table above are presented net of accumulated impairment charges of $17.0 million, all of which relate to impairments in periods prior to 2012.

⁽²⁾ Other consists of changes in foreign currency translation rates.

We performed our annual goodwill impairment test in the first quarter of 2013. Based on our qualitative assessment, as of the date of our impairment test, we believe it is more likely than not the fair values of our reporting units exceed their carrying values. Therefore, a quantitative impairment test was not performed and we did not recognize any goodwill impairments for our reporting units. We will continue to monitor our reporting units throughout the year to determine if a change in facts or circumstances warrants a re-evaluation of our goodwill.

Refer to Note 13 for information on goodwill related to discontinued operations.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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