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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2012 and 2011 were as follows:

 

     U.S. Print and
Related Services
    International     Total  

Net book value at January 1, 2011

      

Goodwill

   $ 3,141.7      $ 1,298.5      $ 4,440.2   

Accumulated impairment losses

     (939.2     (974.2     (1,913.4
  

 

 

   

 

 

   

 

 

 

Total

     2,202.5        324.3        2,526.8   
  

 

 

   

 

 

   

 

 

 

Acquisitions

     118.3        —         118.3   

Foreign exchange and other adjustments

     (17.4     (13.3     (30.7

Impairment charges

     (270.3     (122.0     (392.3
  

 

 

   

 

 

   

 

 

 

Net book value at 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

     57.9        —           57.9   

Foreign exchange and other adjustments

     (1.3     6.1        4.8   

Impairment charges

     (780.4     (68.0     (848.4
  

 

 

   

 

 

   

 

 

 

Net book value at December 31, 2012

      

Goodwill

     3,299.2        1,321.5        4,620.7   

Accumulated impairment losses

     (1,989.9     (1,194.4     (3,184.3
  

 

 

   

 

 

   

 

 

 

Total

   $ 1,309.3      $ 127.1      $ 1,436.4   
  

 

 

   

 

 

   

 

 

 
Components of Other Intangible Assets

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

 

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

Customer relationships

   $ 731.1       $ (388.0   $ 343.1       $ 1,164.4       $ (613.6   $ 550.8   

Patents

     98.3         (98.1     0.2         98.3         (95.8     2.5   

Trademarks, licenses and agreements

     31.7         (26.1     5.6         28.7         (24.4     4.3   

Trade names

     27.1         (11.2     15.9         23.9         (9.3     14.6   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total amortizable other intangible assets

     888.2         (523.4     364.8         1,315.3         (743.1     572.2   

Indefinite-lived trade names

     18.1         —           18.1         18.1         —         18.1   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Total other intangible assets

   $ 906.3       $ (523.4   $ 382.9       $ 1,333.4       $ (743.1   $ 590.3   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Additions to Intangible Assets

The components of other intangible assets added during 2012 and 2011 were as follows:

 

     December 31, 2012      December 31, 2011  
     Amount      Weighted
Average
Amortization
Period
     Amount      Weighted
Average
Amortization
Period
 

Customer relationships

   $ 29.9         6.1       $ 14.7         13.9   

Trade names

     3.5         1.7         1.1         3.5   

Trademarks, licenses and agreements

     3.0         4.3         4.1         4.5   
  

 

 

       

 

 

    

Total additions

   $ 36.4          $ 19.9      
  

 

 

       

 

 

    
Estimated Annual Amortization Expense Related to Intangible Assets

The following table outlines the estimated future amortization expense related to other intangible assets as of December 31, 2012:

 

     Amount  

2013

   $ 64.5   

2014

     63.6   

2015

     57.9   

2016

     39.4   

2017

     32.9   

2018 and thereafter

     106.5   
  

 

 

 

Total

   $ 364.8