XML 28 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill (Tables)
9 Months Ended
Sep. 30, 2013
Goodwill Abstract  
Changes in Goodwill Carrying Amounts
The changes in the carrying amount of goodwill for the nine months ended September 30, 2013 were as follows:  
In millions
Climate
Solutions
 
Residential
Solutions
 
Industrial
Technologies
 
Security
Technologies
 
Total
Balance as of December 31, 2012
 
 
 
 
 
 
 
 
 
Goodwill (gross)
$
5,370.6

 
$
2,317.1

 
$
368.7

 
$
922.5

 
$
8,978.9

Accumulated impairment
(839.8
)
 
(1,656.2
)
 

 
(344.0
)
 
(2,840.0
)
 
4,530.8

 
660.9

 
368.7

 
578.5

 
6,138.9

Acquisitions and adjustments *
(1.4
)
 
17.7

 
1.1

 
(17.4
)
 

Impairment losses **





 
(111.4
)
 
(111.4
)
Currency translation
27.4

 

 
1.6

 
5.3

 
34.3

Balance as of September 30, 2013
 
 
 
 
 
 
 
 
 
Goodwill (gross)
5,396.6

 
2,334.8

 
371.4

 
910.4

 
9,013.2

Accumulated impairment
(839.8
)
 
(1,656.2
)
 

 
(455.4
)
 
(2,951.4
)
 
$
4,556.8

 
$
678.6

 
$
371.4

 
$
455.0

 
$
6,061.8

* During 2013, the Company made reclassifications to goodwill across all segments, including a reclassification of goodwill related to a product line transfer from the Security Technologies segment to the Residential Solutions segment.
** The Company performed an interim impairment test on goodwill of its Security Technologies Europe, Middle East, India, and Africa ("EMEIA") reporting unit during the third quarter of 2013. In its 2012 Form 10-K filing, the Company disclosed that the fair value of its Security Technologies EMEIA reporting unit exceeded its carrying value by 2.5% as of October 1, 2012. The Company continued to monitor the close proximity of the reporting unit's carrying value compared to its fair value and, in the third quarter, determined it was required to complete the first step of a two-step interim impairment test, as defined under U.S. GAAP. The first step of the goodwill impairment test compares the carrying value of a reporting unit to its estimated fair value. The results of the third quarter 2013 interim impairment test indicated that the estimated fair value of the Security Technologies EMEIA reporting unit was less than its carrying value; consequently, the Company completed the second step of the interim impairment test which resulted in a $111.4 million non-cash pre-tax goodwill impairment charge.