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Goodwill and Identifiable Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in Net Carrying Amount of Goodwill by Segment

The change in the net carrying amount of goodwill by segment was as follows:

 

(In millions)    Cabinets      Plumbing      Doors      Security      Total
Goodwill
 

Goodwill at December 31, 2014 (a)

   $ 630.1       $ 595.6       $ 143.0       $ 99.1       $ 1,467.8   

Year-to-date translation adjustments

     (3.2      —           —           (1.9      (5.1

Acquisition-related adjustments

     355.5         (17.0      —           (0.4      338.1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Goodwill at September 30, 2015 (a)

   $ 982.4       $ 578.6       $ 143.0       $ 96.8       $ 1,800.8   

 

  (a)  Net of accumulated impairment losses of $399.5 million in the Doors segment.
Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of September 30, 2015 and December 31, 2014 were as follows:

 

(In millions)    As of September 30, 2015      As of December 31, 2014  
     Gross            Net      Gross            Net  
     Carrying      Accumulated     Book      Carrying      Accumulated     Book  
     Amounts      Amortization     Value      Amounts      Amortization     Value  

Indefinite-lived tradenames

   $ 659.3       $ (42.0 )(a)    $ 617.3       $ 542.7       $ (42.0 )(a)    $ 500.7   

Amortizable intangible assets

               

Tradenames

     16.4         (6.7     9.7         14.6         (6.4     8.2   

Customer and contractual relationships

     513.0         (173.5     339.5         294.2         (164.0     130.2   

Patents/proprietary technology

     58.0         (42.3     15.7         57.7         (40.3     17.4   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total

     587.4         (222.5     364.9         366.5         (210.7     155.8   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total identifiable intangibles

   $ 1,246.7       $ (264.5   $ 982.2       $ 909.2       $ (252.7   $ 656.5   

 

  (a)  Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles – Goodwill and Other Assets.
Gross Carrying Value and Accumulated Amortization by Class of Indefinite Lived Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of September 30, 2015 and December 31, 2014 were as follows:

 

(In millions)    As of September 30, 2015      As of December 31, 2014  
     Gross            Net      Gross            Net  
     Carrying      Accumulated     Book      Carrying      Accumulated     Book  
     Amounts      Amortization     Value      Amounts      Amortization     Value  

Indefinite-lived tradenames

   $ 659.3       $ (42.0 )(a)    $ 617.3       $ 542.7       $ (42.0 )(a)    $ 500.7   

Amortizable intangible assets

               

Tradenames

     16.4         (6.7     9.7         14.6         (6.4     8.2   

Customer and contractual relationships

     513.0         (173.5     339.5         294.2         (164.0     130.2   

Patents/proprietary technology

     58.0         (42.3     15.7         57.7         (40.3     17.4   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total

     587.4         (222.5     364.9         366.5         (210.7     155.8   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total identifiable intangibles

   $ 1,246.7       $ (264.5   $ 982.2       $ 909.2       $ (252.7   $ 656.5   

 

  (a)  Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles – Goodwill and Other Assets.