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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
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 for the years ended December 31, 2015 and 2014 were as follows:

 

 

 

Publishing

and Retail

Services

 

 

Variable

Print

 

 

Strategic

Services

 

 

International

 

 

Total

 

Net book value as of January 1, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

(0.7

)

 

 

(0.2

)

 

 

(10.8

)

 

 

(11.7

)

Impairment charges

 

(18.1

)

 

 

 

 

 

 

 

 

 

 

 

(18.1

)

Net book value as of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

688.0

 

 

 

1,914.1

 

 

 

987.5

 

 

 

1,213.9

 

 

 

4,803.5

 

Accumulated impairment losses

 

(688.0

)

 

 

(1,105.2

)

 

 

(222.4

)

 

 

(1,081.3

)

 

 

(3,096.9

)

Total

 

 

 

 

808.9

 

 

 

765.1

 

 

 

132.6

 

 

 

1,706.6

 

Acquisitions

 

51.2

 

 

 

2.3

 

 

 

7.5

 

 

 

5.3

 

 

 

66.3

 

Foreign exchange and other adjustments

 

 

 

 

(2.4

)

 

 

(0.8

)

 

 

(8.1

)

 

 

(11.3

)

Impairment charges

 

 

 

 

 

 

 

 

 

 

(18.0

)

 

 

(18.0

)

Net book value as of December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

739.2

 

 

 

1,914.0

 

 

 

991.5

 

 

 

1,123.6

 

 

 

4,768.3

 

Accumulated impairment losses

 

(688.0

)

 

 

(1,105.2

)

 

 

(219.7

)

 

 

(1,011.8

)

 

 

(3,024.7

)

Total

$

51.2

 

 

$

808.8

 

 

$

771.8

 

 

$

111.8

 

 

$

1,743.6

 

 

Components of Other Intangible Assets

The components of other intangible assets at December 31, 2015 and 2014 were as follows:

 

 

 

December 31, 2015

 

 

December 31, 2014

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Amount

 

 

Amortization

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

932.1

 

 

$

(555.3

)

 

$

376.8

 

 

$

865.6

 

 

$

(498.0

)

 

$

367.6

 

Patents

 

98.3

 

 

 

(98.3

)

 

 

 

 

 

98.3

 

 

 

(98.3

)

 

 

 

Trademarks, licenses and agreements

 

30.6

 

 

 

(29.9

)

 

 

0.7

 

 

 

31.5

 

 

 

(29.7

)

 

 

1.8

 

Trade names

 

47.5

 

 

 

(19.1

)

 

 

28.4

 

 

 

43.1

 

 

 

(15.6

)

 

 

27.5

 

Total amortizable other intangible assets

 

1,108.5

 

 

 

(702.6

)

 

 

405.9

 

 

 

1,038.5

 

 

 

(641.6

)

 

 

396.9

 

Indefinite-lived trade names

 

32.1

 

 

 

 

 

 

32.1

 

 

 

26.8

 

 

 

 

 

 

26.8

 

Total other intangible assets

$

1,140.6

 

 

$

(702.6

)

 

$

438.0

 

 

$

1,065.3

 

 

$

(641.6

)

 

$

423.7

 

  

Schedule of Other Intangible Assets Additions by Component

 

 

 

December 31, 2015

 

 

 

 

December 31, 2014

 

 

Amount

 

 

Weighted

Average

Amortization Period

 

 

 

 

Amount

 

 

Weighted

Average

Amortization Period

 

Customer relationships

$

98.4

 

 

 

11.9

 

 

 

 

$

178.2

 

 

 

9.7

 

Trade names (indefinite-lived)

 

5.5

 

 

n/a

 

 

 

 

 

8.7

 

 

n/a

 

Trade names (amortizable)

 

4.6

 

 

 

3.0

 

 

 

 

 

17.8

 

 

 

10.0

 

Non-compete agreements

 

0.3

 

 

 

4.3

 

 

 

 

 

0.3

 

 

 

3.0

 

Total additions

$

108.8

 

 

 

 

 

 

 

 

$

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 December 31, 2015:

 

 

 

Amount

 

2016

$

64.6

 

2017

 

58.7

 

2018

 

52.8

 

2019

 

48.6

 

2020

 

45.0

 

2021 and thereafter

 

136.2

 

Total

$

405.9