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Goodwill
9 Months Ended
Sep. 30, 2011
Goodwill Abstract 
Goodwill
Goodwill
The changes in the carrying amount of Goodwill for the nine months ended September 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 *
(8.7
)
 
(5.7
)
 
(0.3
)
 
0.3

 
(14.4
)
Currency translation
13.6

 

 
1.7

 
6.1

 
21.4

Ending balance (gross)
5,386.7

 
2,320.7

 
369.5

 
922.9

 
8,999.8

Accumulated impairment **
(839.8
)
 
(1,656.2
)
 

 
(344.0
)
 
(2,840.0
)
Goodwill (net)
$
4,546.9

 
$
664.5

 
$
369.5

 
$
578.9

 
$
6,159.8

* During 2011 the Company corrected certain purchase accounting errors within the Climate Solutions and Residential Solutions sectors.
** 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.
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.

Based on year to date operational results, and management turnover within the Residential HVAC reporting unit, the Company updated its fair value assessment of the reporting unit in the third quarter of 2011 and concluded that the fair value of the reporting unit continued to exceed its carrying amount.