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Goodwill
 12 Months Ended
Dec. 31, 2011
Goodwill Abstract  
Goodwill
GOODWILL
The changes in the carrying amount of Goodwill are as follows: 
In millions
 
Climate
Solutions
 
Residential
Solutions
 
Industrial
Technologies
 
Security
Technologies
 
Total
December 31, 2009 (gross)
 
$
5,410.7

 
$
2,338.5

 
$
372.9

 
$
914.0

 
$
9,036.1

Acquisitions and adjustments
 
1.2

 
(3.1
)
 
5.2

 
1.2

 
4.5

Currency translation
 
(30.1
)
 
—

 
(10.0
)
 
(10.2
)
 
(50.3
)
December 31, 2010 (gross)
 
5,381.8

 
2,335.4

 
368.1

 
905.0

 
8,990.3

Acquisitions and adjustments *
 
(6.9
)
 
(7.4
)
 
(0.3
)
 
2.9

 
(11.7
)
Currency translation
 
(31.0
)
 
—

 
(1.0
)
 
(1.5
)
 
(33.5
)
December 31, 2011 (gross)
 
5,343.9

 
2,328.0

 
366.8

 
906.4

 
8,945.1

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

 
(344.0
)
 
(2,840.0
)
Goodwill (net)
 
$
4,504.1

 
$
671.8

 
$
366.8

 
$
562.4

 
$
6,105.1

* During 2011 the Company corrected certain purchase accounting errors within the Climate Solutions ($7.9 million) and Residential Solutions ($7.4 million) 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.
The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired. Once the final valuation has been performed for each acquisition, adjustments may be recorded.
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.
In accordance with the Company’s goodwill impairment testing policy outlined in Note 2, the Company performed its annual impairment test on goodwill in the fourth quarter of each 2011, 2010, and 2009. In each year, the Company determined that the
fair values of all identified reporting units exceeded their respective carrying values. Therefore, no impairment charges were recorded during 2011, 2010, and 2009.