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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2012
Goodwill

Goodwill at September 30, 2012 and December 31, 2011 was as follows:

 

     U.S. Print and
Related  Services
    International     Total  

Net book value as of December 31, 2011

      

Goodwill

   $ 3,242.6      $ 1,278.4      $ 4,521.0   

Accumulated impairment losses

     (1,209.5     (1,089.4     (2,298.9
  

 

 

   

 

 

   

 

 

 

Total

     2,033.1        189.0        2,222.1   
  

 

 

   

 

 

   

 

 

 

Acquisitions

     44.4        —          44.4   

Foreign exchange and other adjustments

     (1.4     4.3        2.9   
  

 

 

   

 

 

   

 

 

 

Net book value as of September 30, 2012

      

Goodwill

     3,285.6        1,326.5        4,612.1   

Accumulated impairment losses

     (1,209.5     (1,133.2     (2,342.7
  

 

 

   

 

 

   

 

 

 

Total

   $ 2,076.1      $ 193.3      $ 2,269.4   
  

 

 

   

 

 

   

 

 

 
Components of Other Intangible Assets

The components of other intangible assets at September 30, 2012 and December 31, 2011 were as follows:

 

     September 30, 2012      December 31, 2011  
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Book
Value
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Book
Value
 

Customer relationships

   $ 1,100.1       $ (591.8   $ 508.3       $ 1,164.4       $ (613.6   $ 550.8   

Patents

     98.3         (98.0     0.3         98.3         (95.8     2.5   

Trademarks, licenses and agreements

     29.7         (25.6     4.1         28.7         (24.4     4.3   

Trade names

     27.1         (10.8     16.3         23.9         (9.3     14.6   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total amortizable other intangible assets

     1,255.2         (726.2     529.0         1,315.3         (743.1     572.2   

Indefinite-lived trade names

     18.1         —          18.1         18.1         —          18.1   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total other intangible assets

   $ 1,273.3       $ (726.2   $ 547.1       $ 1,333.4       $ (743.1   $ 590.3   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Additions to Intangible Assets

During the nine months ended September 30, 2012, the Company recorded the following additions to intangible assets:

 

     Amount      Weighted  Average
Amortization

Period
 

Customer relationships

   $ 20.2         6.3   

Trade names

     3.1         1.4   

Trademarks, licenses and agreements

     0.9         3.3   
  

 

 

    

Total

   $ 24.2      
  

 

 

    
Estimated Annual Amortization Expense Related to Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets as of September 30, 2012:

 

For the year ending December 31,    Amount  

2012

   $ 92.7   

2013

     94.2   

2014

     89.4   

2015

     78.8   

2016

     51.3   

2017 and thereafter

     191.7   
  

 

 

 

Total

   $ 598.1