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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets [Abstract]  
Goodwill and Intangible Assets

Note 7. Goodwill and Intangible Assets

Goodwill and indefinite-lived intangible assets, primarily trade names, are not amortized and are subject to assessment for impairment by applying a fair-value based test on an annual basis or more frequently if circumstances indicate a potential impairment. Our annual assessment date is October 1. There were no impairment charges recorded in the three months ended March 31, 2019 and 2018. There were no accumulated impairment losses recorded as of March 31, 2019. The table below summarizes the goodwill balances for continuing operations by reportable segment:





 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

 

 

 

ServiceMaster

 

 

 

(In millions)

 

Terminix

 

Brands

 

Total

Balance as of December 31, 2018

 

$

1,781 

 

$

175 

 

$

1,956 

Acquisitions

 

 

80 

 

 

 —

 

 

80 

Balance as of March 31, 2019

 

$

1,861 

 

$

175 

 

$

2,037 



The table below summarizes the other intangible asset balances for continuing operations:





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

As of March 31, 2019

 

As of December 31, 2018



 

 

 

 

Accumulated

 

 

 

 

 

 

 

Accumulated

 

 

 

(In millions)

 

Gross

 

Amortization

 

Net

 

Gross

 

Amortization

 

Net

Trade names(1)

 

$

1,482 

 

$

 —

 

$

1,482 

 

$

1,482 

 

$

 —

 

$

1,482 

Customer relationships

 

 

486 

 

 

(409)

 

 

76 

 

 

469 

 

 

(406)

 

 

64 

Franchise agreements

 

 

88 

 

 

(73)

 

 

15 

 

 

88 

 

 

(73)

 

 

15 

Other

 

 

66 

 

 

(36)

 

 

30 

 

 

62 

 

 

(35)

 

 

27 

Total

 

$

2,122 

 

$

(519)

 

$

1,603 

 

$

2,101 

 

$

(513)

 

$

1,588 

___________________________________

(1)

Not subject to amortization.

For the existing intangible assets, we anticipate amortization expense for the remainder of 2019 and each of the next five years of $17 million, $21 million,  $20 million, $18 million, $15 million and $9 million, respectively.