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Goodwill
6 Months Ended
Jun. 30, 2011
Goodwill Abstract  
Goodwill
Goodwill
The changes in the carrying amount of Goodwill for the six months ended June 30, 2011 are as follows:
 
In millions
Climate

Solutions
 
Residential

Solutions
 
Industrial

Technologies
 
Security

Technologies
 
Total
Beginning balance (gross)
$
5,381.8


 
$
2,326.4


 
$
368.1


 
$
916.5


 
$
8,992.8


Acquisitions and adjustments
(4.8
)
 
(5.7
)
 
(0.3
)
 
0.3


 
(10.5
)
Currency translation
91.6


 


 
6.0


 
19.2


 
116.8


Ending balance (gross)
5,468.6


 
2,320.7


 
373.8


 
936.0


 
9,099.1


Accumulated impairment *
(839.8
)
 
(1,656.2
)
 


 
(344.0
)
 
(2,840.0
)
Goodwill (net)
$
4,628.8


 
$
664.5


 
$
373.8


 
$
592.0


 
$
6,259.1


* Accumulated impairment relates to a charge of $2,840.0 million recorded in the fourth quarter of 2008 as a result of the Company’s annual impairment testing.
During 2011 the Company corrected certain immaterial purchase accounting errors associated with the acquisition of Trane.
As a result of the planned divestiture of Hussmann, the Company was required to test Goodwill within the Climate Solutions segment for impairment in the first quarter of 2011, and no impairment charge was required.