Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Note 5. Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 were as follows:

	Business Services			Marketing Solutions			Total
Net book value as of January 1, 2018
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
Disposition		(32.4	)		—			(32.4	)
Foreign exchange and other adjustments		(2.7	)		—			(2.7	)
Net book value as of December 31, 2018
Goodwill		2,604.3			519.5			3,123.8
Accumulated impairment losses		(2,316.3	)		(254.1	)		(2,570.4	)
Total	$	288.0		$	265.4		$	553.4
Acquisition		4.1			—			4.1
Foreign exchange and other adjustments		(1.2	)		—			(1.2	)
Impairment charges		(98.5	)		—			(98.5	)
Net book value as of December 31, 2019
Goodwill		2,210.9			519.5			2,730.4
Accumulated impairment losses		(2,018.5	)		(254.1	)		(2,272.6	)
Total	$	192.4		$	265.4		$	457.8

During the year ended December 31, 2019, we recorded a non-cash charge of $98.5 million to recognize the impairment of goodwill in the logistics reporting unit and we reduced the gross carrying amount of goodwill and accumulated impairment losses by $408.9 million for the disposition of the GDS business within the Business Services segment. During the year ended December 31, 2018, we reduced goodwill by $32.4 million for the disposition of the Print Logistics business within the Business Services segment. See Note 2, Dispositions and Acquisition, for further discussion on the disposition and see Note 4, Restructuring, Impairment and Other Charges, for further discussion regarding goodwill impairment charges.

The components of other intangible assets at December 31, 2019 and 2018 were as follows:

	December 31, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Client relationships	$	433.9	$	(350.0	)	$	83.9	$	520.3	$	(425.5	)	$	94.8
Patents		2.0		(2.0	)		—		2.0		(2.0	)		—
Trademarks, licenses and agreements		24.6		(24.5	)		0.1		25.7		(25.2	)		0.5
Trade names		31.8		(16.1	)		15.7		34.6		(16.6	)		18.0
Total other intangible assets	$	492.3	$	(392.6	)	$	99.7	$	582.6	$	(469.3	)	$	113.3

During the year ended December 31, 2019, we reduced the gross carrying amount of client relationships and accumulated amortization by $70.9 million for the disposition of the GDS business. Amortization expense for other intangible assets was $24.0 million, $27.5 million and $28.6 million for the years ended December 31, 2019, 2018 and 2017, respectively.

The following table outlines the estimated annual amortization expense related to other intangible assets as of December 31, 2019:

	Amount
2020	$	21.1
2021		20.9
2022		20.7
2023		20.7
2024		4.4
2025 and thereafter		11.9
Total	$	99.7