Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 29, 2012

Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment were as follows:

In thousands	December 31, 2011		Acquisitions		Foreign currency     translation/other			September 29, 2012
Water & Fluid Solutions (1)	$	1,994,781	$	8,768	$	(3,141	)	$	2,000,408
Technical Solutions		279,137		—		(578	)		278,559
Other (2)		—		2,487,552		—			2,487,552
Consolidated Total	$	2,273,918	$	2,496,320	$	(3,719	)	$	4,766,519

In thousands	December 31, 2010		Acquisitions		Foreign currency  translation/other			October 1, 2011
Water & Fluid Solutions	$	1,784,100	$	466,182	$	(15,961	)	$	2,234,321
Technical Solutions		281,944		—		427			282,371
Consolidated Total	$	2,066,044	$	466,182	$	(15,534	)	$	2,516,692

(1) Accumulated goodwill impairment losses were $200.5 million, $200.5 million and $0 as of September 29, 2012, December 31, 2011 and October 1, 2011, respectively.

(2) The valuation of assets acquired and liabilities assumed in the Merger has not been completed. The final valuation of goodwill and the allocation of goodwill to our reporting segments will occur upon completion of the purchase price allocation.

Detail of Intangible Assets

Acquired intangible assets consisted of the following:

	September 29, 2012						December 31, 2011						October 1, 2011
In thousands	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Finite-life intangibles:
Patents	$	5,900	$	(4,428)	$	1,472	$	5,896	$	(4,038)	$	1,858	$	5,893	$	(3,908)	$	1,985
Backlog (1)		120,000		—		120,000		—		—		—		—		—		—
Proprietary technology (1)		256,772		(49,587)		207,185		128,841		(39,956)		88,885		131,972		(37,094)		94,878
Customer relationships (1)		1,111,902		(128,610)		983,292		358,410		(109,887)		248,523		366,540		(102,919)		263,621
Trade names		1,513		(643)		870		1,515		(530)		985		1,537		(500)		1,037
Total finite-life intangibles		1,496,087		(183,268)		1,312,819		494,662		(154,411)		340,251		505,942		(144,421)		361,521
Indefinite-life intangibles:
Trade names (1)		641,693		—		641,693		252,034		—		252,034		257,741		—		257,741
Total intangibles	$	2,137,780	$	(183,268)	$	1,954,512	$	746,696	$	(154,411)	$	592,285	$	763,683	$	(144,421)	$	619,262

(1) Preliminary values of intangible assets acquired in the Merger include backlog of $120.0 million, proprietary technology of $125.0 million, customer relationships of $750.0 million and indefinite-life trade names $390.0 million.

Estimated Future Amortization Expense for Identifiable Intangible Assets

The estimated future amortization expense for identifiable intangible assets during the remainder of 2012 and the next five years is as follows:

	Q4
In thousands	2012		2013		2014		2015		2016		2017
Estimated amortization expense	$	46,558	$	186,821	$	171,463	$	126,176	$	125,241	$	123,630