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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Value of Goodwill by Segment

The changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2014 were as follows:

 

 

Publishing and

 

 

 

 

 

 

Strategic

 

 

 

 

 

 

 

 

 

 

Retail Services

 

 

Variable Print

 

 

Services

 

 

International

 

 

Total

 

Net book value as of 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

 

Acquisitions

 

 

 

 

276.2

 

 

 

3.4

 

 

 

20.5

 

 

 

300.1

 

Foreign exchange and other adjustments

 

 

 

 

(0.1

)

 

 

 

 

 

(7.2

)

 

 

(7.3

)

Net book value at September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

688.0

 

 

 

1,914.7

 

 

 

989.0

 

 

 

1,254.7

 

 

 

4,846.4

 

Accumulated impairment losses

 

(669.9

)

 

 

(1,105.2

)

 

 

(223.7

)

 

 

(1,118.5

)

 

 

(3,117.3

)

Total

$

18.1

 

 

$

809.5

 

 

$

765.3

 

 

$

136.2

 

 

$

1,729.1

 

 

Components of Other Intangible Assets

The components of other intangible assets at September 30, 2014 and December 31, 2013 were as follows:

 

 

September 30, 2014

 

 

December 31, 2013

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Amount

 

 

Amortization

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

895.3

 

 

$

(494.3

)

 

$

401.0

 

 

$

728.8

 

 

$

(448.5

)

 

$

280.3

 

Patents

 

98.3

 

 

 

(98.3

)

 

 

 

 

 

98.3

 

 

 

(98.3

)

 

 

 

Trademarks, licenses and agreements

 

31.5

 

 

 

(29.4

)

 

 

2.1

 

 

 

31.4

 

 

 

(28.2

)

 

 

3.2

 

Trade names

 

43.8

 

 

 

(15.1

)

 

 

28.7

 

 

 

27.1

 

 

 

(12.8

)

 

 

14.3

 

Total amortizable other intangible assets

 

1,068.9

 

 

 

(637.1

)

 

 

431.8

 

 

 

885.6

 

 

 

(587.8

)

 

 

297.8

 

Indefinite-lived trade names

 

26.8

 

 

 

 

 

 

26.8

 

 

 

18.1

 

 

 

 

 

 

18.1

 

Total other intangible assets

$

1,095.7

 

 

$

(637.1

)

 

$

458.6

 

 

$

903.7

 

 

$

(587.8

)

 

$

315.9

 

 

Schedule of Other Intangible Assets Additions by Component

 

 

September 30, 2014

 

 

 

 

 

 

Weighted Average

 

 

Amount

 

 

Amortization Period

 

Customer relationships

$

178.2

 

 

 

9.7

 

Trade names (amortizable)

 

17.8

 

 

 

10.0

 

Trade names (indefinite-lived)

 

8.7

 

 

n/a

 

Non-compete agreements

 

0.3

 

 

 

3.0

 

Total additions

$

205.0

 

 

 

 

 

 

Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets as of September 30, 2014:

 

For the year ending December 31,

Amount

 

2014

$

78.7

 

2015

 

77.3

 

2016

 

59.1

 

2017

 

52.8

 

2018

 

47.6

 

2019 and thereafter

 

175.0

 

Total

$

490.5