Goodwill and Other Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill for the year ended December 31, 2012 and December 31, 2011 by reportable segment were as follows:

In thousands	December 31, 2011		Acquisitions		Foreign currency translation/other		December 31, 2012
Water & Fluid Solutions	$	1,994,781	$	429,506	$	13,420	$	2,437,707
Valves & Controls	—		1,511,616		—		1,511,616
Technical Solutions	279,137		881,568		924		1,161,629
Total goodwill	$	2,273,918	$	2,822,690	$	14,344	$	5,110,952

In thousands	December 31, 2010		Acquisitions		Foreign currency translation/other			December 31, 2011
Water & Fluid Solutions	$	1,784,100	$	466,182	$	(255,501	)	$	1,994,781
Valves & Controls	—		—		—			—
Technical Solutions	281,944		—		(2,807		)	279,137
Total goodwill	$	2,066,044	$	466,182	$	(258,308	)	$	2,273,918

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following at December 31:

	2012							2011
In thousands	Cost		Accumulated amortization			Net		Cost		Accumulated amortization			Net
Finite-life intangibles
Customer relationships	$	1,291,507	$	(152,769	)	$	1,138,738	$	358,410	$	(109,887	)	$	248,523
Trade names	1,525		(686		)	839		1,515		(530		)	985
Proprietary technology	263,647		(57,711		)	205,936		134,737		(43,994		)	90,743
Backlog	43,740		(18,278		)	25,462		—		—			—
Total finite-life intangibles	1,600,419		(229,444		)	1,370,975		494,662		(154,411		)	340,251
Indefinite-life intangibles
Trade names	555,895		—			555,895		252,034		—			252,034
Total intangibles, net	$	2,156,314	$	(229,444	)	$	1,926,870	$	746,696	$	(154,411	)	$	592,285

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the next five years is as follows:

In thousands	2013		2014		2015		2016		2017
Estimated amortization expense	$	138,656	$	115,975	$	115,453	$	114,508	$	112,961