XML 34 R12.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Intangible Assets
 9 Months Ended
Oct. 02, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill

Changes in the carrying amount of goodwill, by reportable segment, were as follows (in millions):

December 31,
2020		Purchase accounting adjustments ImpairmentsCurrency translation adjustmentsOctober 2,
2021
CSCA(1)
$1,905.0 $2.4 $(6.1)$(0.7)$1,900.6 
CSCI(2)
1,190.7 (2.4)— (57.5)1,130.8 
Total goodwill$3,095.7 $— $(6.1)$(58.2)$3,031.4 

(1) We had no accumulated goodwill impairments as of December 31, 2020 and $6.1 million as of October 2, 2021.
(2) We had accumulated goodwill impairments of $868.4 million as of December 31, 2020 and October 2, 2021.

CSCA Reporting Unit Goodwill

On May 18, 2021, we announced a definitive agreement to sell our Mexico and Brazil-based OTC businesses ("Latin American businesses"), both within our CSCA segment, to Advent International. As a result, we prepared a goodwill impairment test. We determined the carrying value of this business exceeded the fair value and recorded an impairment of $6.1 million within our CSCA segment during the three months ended July 3, 2021 (refer to Note 6 and Note 9).

Intangible Assets

Intangible assets and related accumulated amortization consisted of the following (in millions):
 October 2, 2021December 31, 2020
 GrossAccumulated
Amortization		GrossAccumulated
Amortization
Indefinite-lived intangibles:
Trademarks, trade names, and brands$3.6 $— $4.3 $— 
In-process research and development1.9 — 2.7 — 
Total indefinite-lived intangibles$5.5 $— $7.0 $— 
Definite-lived intangibles:
Distribution and license agreements and supply agreements$72.8 $56.1 $74.8 $55.4 
Developed product technology, formulations, and product rights300.7 187.6 303.3 177.3 
Customer relationships and distribution networks1,844.1 872.2 1,920.5 823.7 
Trademarks, trade names, and brands1,506.0 381.5 1,581.5 342.2 
Non-compete agreements2.1 2.1 2.9 2.9 
Total definite-lived intangibles$3,725.7 $1,499.5 $3,883.0 $1,401.5 
Total intangible assets$3,731.2 $1,499.5 $3,890.0 $1,401.5 

We recorded amortization expense of $52.2 million and $159.0 million for the three and nine months ended October 2, 2021, respectively, and $53.3 million and $157.5 million for the three and nine months ended September 26, 2020, respectively.