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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Details of Intangible Assets Other Than Goodwill

The following table presents details of the Company’s intangible assets other than goodwill as of December 31, 2018 and 2017 (in millions):

 

 

2018

 

 

2017

 

 

Gross Carrying

Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Gross Carrying

Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Customer base

$

1,911.2

 

 

$

1,103.5

 

 

$

807.7

 

 

$

1,930.3

 

 

$

935.2

 

 

$

995.1

 

Trade names and trademarks

 

608.4

 

 

 

249.3

 

 

 

359.1

 

 

 

609.7

 

 

 

215.3

 

 

 

394.4

 

Patents and technologies

 

582.9

 

 

 

397.7

 

 

 

185.2

 

 

 

592.0

 

 

 

345.4

 

 

 

246.6

 

Non-compete agreements

 

0.3

 

 

 

0.3

 

 

 

 

 

 

0.3

 

 

 

0.3

 

 

 

 

Total intangible assets

$

3,102.8

 

 

$

1,750.8

 

 

$

1,352.0

 

 

$

3,132.3

 

 

$

1,496.2

 

 

$

1,636.1

 

Summary of Weighted-Average Amortization Periods The Company’s finite-lived intangible assets are being amortized on a straight-line basis over the weighted-average amortization periods in the following table. The aggregate weighted-average amortization period is 11.8 years.

 

 

Weighted-

Average

Amortization

Period

 

 

(in years)

 

Customer base

 

11.0

 

Trade names and trademarks

 

18.8

 

Patents and technologies

 

6.8

 

Estimated Amortization Expense for Next Five Years Estimated amortization expense for the next five years is as follows (in millions):

 

 

Estimated

Amortization

Expense

 

2019

$

233.6

 

2020

 

227.3

 

2021

 

207.5

 

2022

 

141.1

 

2023

 

101.7

 

Goodwill by Reportable Segment

 

The following table presents goodwill by reportable segments (in millions):

 

 

CCS

 

 

 

 

CMS

 

 

Total

 

Goodwill, gross, as of December 31, 2015

$

1,986.6

 

 

 

 

$

899.7

 

 

 

2,886.3

 

Adjustments to purchase price allocations

 

107.7

 

 

 

 

 

4.4

 

 

 

112.1

 

Foreign exchange

 

(16.8

)

 

 

 

 

(2.3

)

 

 

(19.1

)

Goodwill, gross, as of December 31, 2016

 

2,077.5

 

 

 

 

 

901.8

 

 

 

2,979.3

 

Acquisitions

 

49.6

 

 

 

 

 

 

 

 

49.6

 

Foreign exchange

 

66.1

 

 

 

 

 

2.6

 

 

 

68.7

 

Goodwill, gross, as of December 31, 2017

 

2,193.2

 

 

 

 

 

904.4

 

 

 

3,097.6

 

Foreign exchange

 

(31.6

)

 

 

 

 

(2.7

)

 

 

(34.3

)

Goodwill, gross, as of December 31, 2018

$

2,161.6

 

 

 

 

$

901.7

 

 

$

3,063.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated impairment charges as of December 31, 2015

$

(36.2

)

 

 

 

$

(159.5

)

 

$

(195.7

)

Impairment charges for year ended December 31, 2016

 

(15.3

)

 

 

 

 

 

 

 

(15.3

)

Accumulated impairment charges as of December 31, 2016, 2017 and 2018

 

(51.5

)

 

 

 

 

(159.5

)

 

 

(211.0

)

Goodwill, net, as of December 31, 2018

$

2,110.1

 

 

 

 

$

742.2

 

 

$

2,852.3