Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

After the 2014 Reorganization and Restructuring, we identified nine operating segments and ten reporting units. We reallocated goodwill from our previous reporting units to our new reporting units in the fourth quarter of 2014. The changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2015 and 2014 are as follows:



	December 31, 2015
(In millions)	Beginning Balance		Acquisitions/ Dispositions		Adjustments	Currency		Ending Balance

Goodwill:
Largest 5 Markets:
U.S.	$	12.5	—		—	(0.9	)	11.6
France	46.3		—		—	(4.7	)	41.6
Mexico	11.3		(0.1	)	—	(3.7	)	7.5
Brazil	15.5		—		—	(5.1	)	10.4
Canada	3.8		—		—	(0.6	)	3.2
Global Markets:
Latin America	16.0		—		—	(4.3	)	11.7
EMEA	84.4		(1.8	)	—	(7.6	)	75.0
Asia	24.5		—		—	(1.1	)	23.4
Payment Services	1.4		—		—	(0.5	)	0.9
Total Goodwill	$	215.7	(1.9	)	—	(28.5	)	185.3



	December 31, 2014
(In millions)	Beginning Balance		Acquisitions/ Dispositions	Adjustments		Currency		Ending Balance

Goodwill:
Largest 5 Markets:
U.S.	$	12.5	—	—		—		12.5
France	53.6		—	—		(7.3	)	46.3
Mexico	12.8		—	—		(1.5	)	11.3
Brazil	17.5		—	—		(2.0	)	15.5
Canada	4.7		—	—		(0.9	)	3.8
Global Markets:
Latin America	18.1		—	—		(2.1	)	16.0
EMEA	94.4		3.5	(0.2	)	(13.3	)	84.4
Asia	25.0		—	—		(0.5	)	24.5
Payment Services	1.6		—	—		(0.2	)	1.4
Total Goodwill	$	240.2	3.5	(0.2	)	(27.8	)	215.7

Intangible Assets

The following table summarizes our other intangible assets by category:



	December 31, 2015					December 31, 2014
(In millions)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

Customer relationships	54.4		(40.0	)	14.4	64.7		(43.4	)	21.3
Indefinite-lived trade names	9.0		—		9.0	10.4		—		10.4
Finite-lived trade names	1.1		(0.9	)	0.2	1.6		(1.3	)	0.3
Other contract-related assets	5.6		(1.5	)	4.1	8.3		(1.5	)	6.8
Other	3.7		(2.9	)	0.8	4.0		(3.0	)	1.0
Total	$	73.8	(45.3	)	28.5	$	89.0	(49.2	)	39.8

Total amortization expense for our finite-lived intangible assets was $4.2 million in 2015. Our estimated aggregate amortization expense for finite-lived intangibles recorded at December 31, 2015, for the next five years is as follows:



(In millions)	2016		2017	2018	2019	2020

Amortization expense	$	3.2	2.8	2.5	2.2	2.1

- 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.

+ References + Details