Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

5. Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill for the six months ended June 30, 2018 were as follows:

	Business Services			Marketing Solutions			Total
Net book value as of December 31, 2017
Goodwill	$	2,759.8		$	519.5		$	3,279.3
Accumulated impairment losses		(2,436.7	)		(254.1	)		(2,690.8	)
Total		323.1			265.4			588.5
Foreign exchange		(1.9	)		—			(1.9	)
Transfer to current assets held for sale		(32.4	)		—			(32.4	)

Net book value as of June 30, 2018
Goodwill		2,627.6			519.5			3,147.1
Accumulated impairment losses		(2,338.8	)		(254.1	)		(2,592.9	)
Total	$	288.8		$	265.4		$	554.2

The components of other intangible assets at June 30, 2018 and December 31, 2017 were as follows:

	June 30, 2018							December 31, 2017
	Gross							Gross
	Carrying		Accumulated			Net Book		Carrying		Accumulated			Net Book
	Amount		Amortization			Value		Amount		Amortization			Value

Client relationships	$	523.8	$	(416.7	)	$	107.1	$	534.1	$	(412.4	)	$	121.7
Patents		2.0		(2.0	)		—		2.0		(2.0	)		—
Trademarks, licenses and agreements		25.8		(25.0	)		0.8		26.2		(25.2	)		1.0
Trade names		36.6		(17.3	)		19.3		36.8		(16.2	)		20.6
Total other intangible assets	$	588.2	$	(461.0	)	$	127.2	$	599.1	$	(455.8	)	$	143.3

Amortization expense for other intangible assets was $6.9 million and $13.9 million for the three and six months ended June 30, 2018, respectively. Amortization expense for other intangible assets was $7.0 million and $14.5 million for the three and six months ended June 30, 2017, respectively.

See Note 16, Subsequent Event, for further discussion of the goodwill and other intangible assets included in current assets held for sale presented in Prepaid expenses and other current assets on the Condensed Consolidated Balance Sheet as of June 30, 2018.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details