Goodwill And Other Intangible Assets

9 Months Ended

Mar. 31, 2012

Goodwill And Other Intangible Assets [Abstract]

4. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table summarizes the changes in the carrying amount of goodwill, in total and by segment, for the nine months ended March 31, 2012:


(in millions)	Pharmaceutical		Medical			Total
Balance at June 30, 2011	$	2,852.7	$	992.9		$	3,845.6
Goodwill acquired, net of purchase price adjustments		25.0		89.3			114.3
Foreign currency translation adjustments and other		6.9		(0.5	)		6.4

Balance at March 31, 2012	$	2,884.6	$	1,081.7		$	3,966.3

Other Intangible Assets

Intangible assets with definite lives are amortized over their useful lives, which range from two to twenty years. The detail of other intangible assets by class as of March 31, 2012 and June 30, 2011 is as follows:


	March 31, 2012						June 30, 2011
(in millions)	Gross Intangible		Accumulated Amortization		Net Intangible		Gross Intangible		Accumulated Amortization		Net Intangible
Indefinite life intangibles:
Trademarks	$	11.0	$	0.0	$	11.0	$	26.5	$	0.0	$	26.5

Total indefinite life intangibles		11.0		0.0		11.0		26.5		0.0		26.5
Definite life intangibles:
Trademarks and patents		44.6		33.2		11.4		43.4		25.2		18.2
Non-compete agreements		15.4		7.3		8.1		14.0		5.4		8.6
Customer relationships		455.0		130.9		324.1		392.7		89.2		303.5
Other		86.4		36.5		49.9		86.5		29.9		56.6

Total definite life intangibles		601.4		207.9		393.5		536.6		149.7		386.9

Total intangibles	$	612.4	$	207.9	$	404.5	$	563.1	$	149.7	$	413.4

During the three months ended March 31, 2012, we recorded a charge of $16.0 million to write off an indefinite life intangible asset related to the P4 Healthcare trade name. We have rebranded P4 Healthcare under the Cardinal Health Specialty Solutions name. This charge is included in impairments and loss on disposal of assets in our condensed consolidated statements of earnings.

The following table summarizes amortization of intangible assets for the three and nine months ended March 31, 2012 and 2011:


	Three Months Ended March 31,				Nine Months Ended March 31,
(in millions)	2012		2011		2012		2011
Amortization of acquisition-related intangible assets	$	20.4	$	27.9	$	57.9	$	53.4
Amortization of other intangible assets		0.1		0.2		0.2		0.5

Total amortization of intangible assets	$	20.5	$	28.1	$	58.1	$	53.9

Amortization of intangible assets for the remainder of fiscal 2012 and the next four fiscal years is estimated to be:


(in millions)	2012		2013		2014		2015		2016
Amortization of intangible assets	$	20.1	$	73.4	$	64.4	$	48.3	$	40.7

- 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.

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