Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7 – Goodwill and Other Intangible Assets

Goodwill and other intangible assets resulted from acquiring businesses. The changes in the carrying amount of goodwill and other intangible assets by reportable segment for the years ended December 31, 2011 and 2010 are as follows:

				December 31, 2011
				Beginning	Acquisitions/	Amortization				Ending
(In millions)				Balance	Dispositions		Expense	Adjustments	Currency	Balance

International:
Goodwill			$	224.0	1.8		-	(1.3)	(13.2)	211.3
Other intangibles:
	Customer relationships			49.6	2.3		(7.6)	-	(4.1)	40.2
	Indefinite-lived trade names			13.7	-		-	0.1	(1.7)	12.1
	Finite-lived trade names			0.8	-		(0.5)	-	(0.1)	0.2
	Other			1.0	0.7		(0.8)	-	(0.1)	0.8
		International other intangibles		65.1	3.0		(8.9)	0.1	(6.0)	53.3

North America:
Goodwill				20.3	(0.4)		-	0.4	(0.2)	20.1
Other intangibles:
	Customer relationships			1.4	(0.2)		(2.0)	9.6	0.1	8.9
	Finite-lived trade names			-	-		-	1.6	-	1.6
	Other - Threshold acquisition (a)			16.7	-		-	(16.3)	(0.4)	-
		North America other intangibles		18.1	(0.2)		(2.0)	(5.1)	(0.3)	10.5

Total goodwill				244.3	1.4		-	(0.9)	(13.4)	231.4
Total other intangibles			$	83.2	2.8		(10.9)	(5.0)	(6.3)	63.8

In 2010, an estimate for intangible assets was recorded in one category as the final purchase price allocation was not completed. In 2011, the final purchase price allocation was completed and the intangible asset amount was recorded to the appropriate asset category, which includes customer relationships and finite-lived trade names (Other Intangibles) and capitalized software (Property and Equipment).

				December 31, 2010
				Beginning		Amortization				Ending
(In millions)				Balance	Acquisitions		Expense	Adjustments	Currency	Balance

International:
Goodwill			$	206.5	14.3		-	7.1	(3.9)	224.0
Other intangibles:
	Customer relationships			61.9	2.3		(7.0)	(8.3)	0.7	49.6
	Indefinite-lived trade names			2.1	12.1		-	(0.4)	(0.1)	13.7
	Finite-lived trade names			1.6	-		(0.7)	(0.1)	-	0.8
	Other			1.4	-		(0.4)	-	-	1.0
		International other intangibles		67.0	14.4		(8.1)	(8.8)	0.6	65.1

North America:
Goodwill				7.2	12.9		-	-	0.2	20.3
Other intangibles:
	Customer relationships			2.4	-		(1.0)	-	-	1.4
	Other – Threshold acquisition			-	16.3		-	-	0.4	16.7
		North America other intangibles		2.4	16.3		(1.0)	-	0.4	18.1

Total goodwill				213.7	27.2		-	7.1	(3.7)	244.3
Total other intangibles			$	69.4	30.7		(9.1)	(8.8)	1.0	83.2

The following table summarizes our other intangible assets:

			December 31, 2011				December 31, 2010
			Gross Carrying	Accumulated	Net Carrying		Gross Carrying	Accumulated	Net Carrying
(In millions)			Amount	Amortization	Amount		Amount	Amortization	Amount

International:
	Customer relationships	$	75.9	(35.7)	40.2	$	79.9	(30.3)	49.6
	Indefinite-lived trade names		12.1	-	12.1		13.7	-	13.7
	Finite-lived trade names		2.0	(1.8)	0.2		2.2	(1.4)	0.8
	Other		3.6	(2.8)	0.8		3.3	(2.3)	1.0
North America:
	Customer relationships		12.7	(3.8)	8.9		5.0	(3.6)	1.4
	Finite-lived trade names		1.6	-	1.6		-	-	-
	Other – Threshold Acquisition		-	-	-		16.7	-	16.7
Total		$	107.9	(44.1)	63.8	$	120.8	(37.6)	83.2

Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2011, for each of the five succeeding years is as follows:

(In millions)		2012	2013	2014	2015	2016

Amortization expense	$	8.7	7.0	6.2	5.5	4.9

- 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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