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Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2013
Accounting Policies  
Changes in the carrying amount of goodwill by geographic segment

 

 

 

June 30, 2013

 

 

 

Gross Balance

 

Accumulated Impairment Losses

 

Net Goodwill

 

 

 

Balance
January 1,
2013

 

Acquired
During
the
Period

 

Foreign
Currency
Translation
and Other

 

Balance
June 30,
2013

 

Balance
January 1,

2013

 

Impairment
Loss During
the Period

 

Balance
June 30,
2013

 

June 30,
2013

 

 

 

(in millions)

 

North America

 

$

225.6

 

$

 

$

(0.7

)

$

224.9

 

$

(24.2

)

$

 

$

(24.2

)

$

200.7

 

Europe, Middle East and Africa (EMEA)

 

293.9

 

 

(4.1

)

289.8

 

 

 

 

289.8

 

Asia

 

12.9

 

 

 

12.9

 

 

 

 

12.9

 

Total

 

$

532.4

 

$

 

$

(4.8

)

$

527.6

 

$

(24.2

)

$

 

$

(24.2

)

$

503.4

 

 

 

 

July 1, 2012

 

 

 

Gross Balance

 

Accumulated Impairment Losses

 

Net Goodwill

 

 

 

Balance
January 1,
2012

 

Acquired
During the

Period

 

Foreign Currency
Translation and
Other

 

Balance
July 1,
2012

 

Balance
January 1,

2012

 

Impairment
Loss During
the Period

 

Balance
July 1,

2012

 

July 1,
2012

 

 

 

(in millions)

 

North America

 

$

213.8

 

$

13.1

 

$

(0.3

)

$

226.6

 

$

(23.2

)

$

 

$

(23.2

)

$

203.4

 

EMEA

 

285.3

 

 

(10.8

)

274.5

 

 

 

 

274.5

 

Asia

 

12.7

 

 

(0.1

)

12.6

 

 

 

 

12.6

 

Total

 

$

511.8

 

$

13.1

 

$

(11.2

)

$

513.7

 

$

(23.2

)

$

 

$

(23.2

)

$

490.5

 

Intangible assets

 

 

 

June 30, 2013

 

December 31, 2012

 

 

 

Gross

Carrying

Amount

 

Accumulated

Amortization

 

Net

Carrying

Amount

 

Gross

Carrying

Amount

 

Accumulated

Amortization

 

Net

Carrying

Amount

 

 

 

(in millions)

 

Patents

 

$

16.5

 

$

(12.1

)

$

4.4

 

$

16.5

 

$

(11.7

)

$

4.8

 

Customer relationships

 

133.8

 

(74.0

)

59.8

 

134.3

 

(68.7

)

65.6

 

Technology

 

28.1

 

(10.3

)

17.8

 

28.5

 

(9.3

)

19.2

 

Trade Names

 

13.8

 

(2.6

)

11.2

 

13.9

 

(1.9

)

12.0

 

Other

 

8.6

 

(5.6

)

3.0

 

8.7

 

(5.5

)

3.2

 

Total amortizable intangibles

 

200.8

 

(104.6

)

96.2

 

201.9

 

(97.1

)

104.8

 

Indefinite-lived intangible assets

 

41.5

 

 

41.5

 

41.8

 

 

41.8

 

Total

 

$

242.3

 

$

(104.6

)

$

137.7

 

$

243.7

 

$

(97.1

)

$

146.6

 

Schedule of weighted average assumptions used to estimate the grant-date fair value of restricted stock units

 

 

 

2013

 

2012

 

Expected life (years)

 

3.0

 

3.0

 

Expected stock price volatility

 

34.1

%

38.3

%

Expected dividend yield

 

0.9

%

1.1

%

Risk-free interest rate

 

0.4

%

0.4

%