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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2013
Goodwill

The changes in the carrying amount of goodwill for the six months ended June 30, 2013 were as follows:

 

 

U.S. Print and
Related Services

 

 

International

 

 

Total

 

Net book value as of 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

 

Foreign exchange and other adjustments             

 

(2.2

)

 

 

(1.5

)

 

 

(3.7

)

Net book value as of June 30, 2013

 

 

 

 

 

 

 

 

 

 

 

Goodwill             

 

  3,297.0

 

 

 

  1,267.4

 

 

 

  4,564.4

 

Accumulated impairment losses             

 

(1,989.9

)

 

 

(1,141.8

)

 

 

(3,131.7

)

Total             

$

  1,307.1

 

 

$

  125.6

 

 

$

  1,432.7

 

 

Components of Other Intangible Assets

The components of other intangible assets at June 30, 2013 and December 31, 2012 were as follows:

 

 

June 30, 2013 

  

December 31, 2012 

 

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

  

Net Book
Value

 

  

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

 

Net Book
Value

 

Customer relationships             

$

  723.5

 

 

$

(411.3

)

  

$

  312.2

 

 

$

  731.1

 

 

$

(388.0

)

 

$

  343.1

 

Patents             

 

  98.3

 

  

 

(98.2

)

  

 

  0.1

 

  

 

  98.3

 

  

 

(98.1

)

 

 

  0.2

 

Trademarks, licenses and agreements             

 

  31.4

 

  

 

(27.2

)

  

 

  4.2

 

  

 

  31.7

 

  

 

(26.1

)

 

 

  5.6

 

Trade names             

 

  26.9

 

  

 

(11.9

)

  

 

  15.0

 

  

 

  27.1

 

  

 

(11.2

)

 

 

  15.9

 

Total amortizable other intangible assets             

 

  880.1

 

  

 

(548.6

)

  

 

  331.5

 

  

 

  888.2

 

  

 

(523.4

)

 

 

  364.8

 

Indefinite-lived trade names             

 

  18.1

 

  

 

-

 

  

 

  18.1

 

  

 

  18.1

 

  

 

 

 

 

  18.1

 

Total other intangible assets             

$

  898.2

 

  

$

(548.6

)

  

$

  349.6

 

  

$

  906.3

 

  

$

(523.4

)

 

$

  382.9

 

 

Estimated Annual Amortization Expense Related to Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets as of June 30, 2013:

 

For the year ending December 31,

Amount 

2013             

$

  64.2

  

2014             

 

  63.2

  

2015             

 

  57.5

  

2016             

 

  39.1

  

2017             

 

  32.7

  

2018 and thereafter             

 

  107.2

  

Total             

$

  363.9