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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 were as follows:

 

 

  

Publishing and Retail Services

 

  

Variable Print

 

  

Strategic
Services

 

  

International

 

  

Total

 

Net book value at January 1, 2012

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Goodwill

  

$

688.6

 

  

$

1,629.4

 

  

$

959.1

 

  

$

1,243.9

 

  

$

4,521.0

  

Accumulated impairment losses

  

 

 

  

 

(1,101.5

)

  

 

(113.7

)

  

 

(1,083.7

)

  

 

(2,298.9

Total

  

 

688.6

 

  

 

527.9

 

  

 

845.4

 

  

 

160.2

 

  

 

2,222.1

  

Acquisitions

  

 

 

  

 

9.5

 

  

 

48.4

 

  

 

 

  

 

57.9

  

Foreign exchange and other adjustments

  

 

(0.6

)

  

 

(0.1

)

  

 

0.2

 

  

 

5.3

 

  

 

4.8

  

Impairment charges

  

 

(669.9

)

  

 

(3.7

)

  

 

(129.9

)

  

 

(44.9

)

  

 

(848.4

Net book value at December 31, 2012

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Goodwill

  

 

688.0

 

  

 

1,638.8

 

  

 

1,007.5

 

  

 

1,286.4

 

  

 

4,620.7

  

Accumulated impairment losses

  

 

(669.9

)

  

 

(1,105.2

)

  

 

(243.4

)

  

 

(1,165.8

)

  

 

(3,184.3

Total

  

 

18.1

 

  

 

533.6

 

  

 

764.1

 

  

 

120.6

 

  

 

1,436.4

  

Foreign exchange and other adjustments

  

 

 

  

 

(0.2

)

  

 

(2.2

)

  

 

2.3

 

  

 

(0.1

Net book value at December 31, 2013

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

  

 

 

 

Goodwill

  

 

688.0

 

  

 

1,638.6

 

  

 

1,005.4

 

  

 

1,275.9

 

  

 

4,607.9

  

Accumulated impairment losses

  

 

(669.9

)

  

 

(1,105.2

)

  

 

(243.5

)

  

 

(1,153.0

)

  

 

(3,171.6

)  

Total

  

$

18.1

 

  

$

533.4

 

  

$

761.9

 

  

$

122.9

 

  

$

1,436.3

  

 

Components of Other Intangible Assets

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

 

 

  

December 31, 2013

 

  

December 31, 2012

 

 

  

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

  

Net Book
Value

 

  

Gross
Carrying
Amount

 

  

Accumulated
Amortization

 

 

Net Book
Value

 

Customer relationships

  

$

728.8

  

  

$

(448.5

)  

  

$

280.3

  

  

$

731.1

  

  

$

(388.0

 

$

343.1

  

Patents

  

 

98.3

  

  

 

(98.3

)  

  

 

  

  

 

98.3

  

  

 

(98.1

 

 

0.2

  

Trademarks, licenses and agreements

  

 

31.4

  

  

 

(28.2

)  

  

 

3.2

  

  

 

31.7

  

  

 

(26.1

 

 

5.6

  

Trade names

  

 

27.1

  

  

 

(12.8

)  

  

 

14.3

  

  

 

27.1

  

  

 

(11.2

 

 

15.9

  

Total amortizable other intangible assets

  

 

885.6

  

  

 

(587.8

)  

  

 

297.8

  

  

 

888.2

  

  

 

(523.4

 

 

364.8

  

Indefinite-lived trade names

  

 

18.1

  

  

 

  

  

 

18.1

  

  

 

18.1

  

  

 

  

 

 

18.1

  

Total other intangible assets

  

$

903.7

  

  

$

(587.8

)  

  

$

315.9

  

  

$

906.3

  

  

$

(523.4

 

$

382.9

  

 

Additions to Intangible Assets

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

 

 

  

December 31, 2012

 

 

  

Amount

 

  

Weighted Average
Amortization Period

 

Customer relationships

  

$

31.4

  

  

 

6.5

  

Trade names

  

 

3.5

  

  

 

1.7

  

Trademarks, licenses and agreements

  

 

2.6

  

  

 

4.2

  

Total additions

  

$

37.5

  

  

 

 

 

 

Estimated Annual Amortization Expense Related to Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets as of December 31, 2013:

 

 

  

Amount

 

2014

  

$

60.8

  

2015

  

 

58.0

  

2016

  

 

39.1

  

2017

  

 

32.7

  

2018

  

 

27.5

  

2019 and thereafter

  

 

79.7

  

Total

  

$

297.8