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Goodwill and Other Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2012
Goodwill [Line Items]  
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
As of December 31, 2012, the aggregate estimated intangible amortization amounts for the succeeding five years are as follows (in millions):
2013
2014
2015
2016
2017
$51.2
$49.5
$43.5
$39.0
$36.7
Schedule of Goodwill [Table Text Block]
A summary of changes in the Company’s goodwill by reportable business segment is as follows for 2012 and 2011 (in millions):
Segment
December 31,
2011
Balance
Acquisitions
Impairment
Charges (2)
Other Adjustments (1)
Foreign Currency
December 31,
2012
Balance (2)
Home Solutions
$
226.9

$
—

$
—

$
—

$
—

$
226.9

Writing
764.8

—

—

0.9

0.8

766.5

Tools
480.3

—

—

—

1.9

482.2

Commercial Products
387.5

—

—

—

0.2

387.7

Baby & Parenting
134.0

—

—

(3.4
)
(2.6
)
128.0

Specialty
372.5

—

—

3.2

3.2

378.9

 
$
2,366.0

$
—

$
—

$
0.7

$
3.5

$
2,370.2

Segment
December 31,
2010
Balance
Acquisitions
Impairment
Charges (2)
Other Adjustments(1)
Foreign Currency
December 31,
2011
Balance
Home Solutions
$
226.9

$
—

$
—

$
—

$
—

$
226.9

Writing
771.8

—

—

—

(7.0
)
764.8

Tools
464.6

—

—

15.9

(0.2
)
480.3

Commercial Products
387.5

—

—

—

—

387.5

Baby & Parenting
435.7

—

(305.5
)
—

3.8

134.0

Specialty
463.0

2.2

(64.7
)
(25.2
)
(2.8
)
372.5

 
$
2,749.5

$
2.2

$
(370.2
)
$
(9.3
)
$
(6.2
)
$
2,366.0

(1)
The other adjustment for Baby & Parenting in 2012 was due to the settlement of a contingency that was initially recorded in conjunction with the acquisition of Aprica in 2008. The other adjustment for Specialty for 2011 includes a payment of $10.0 million for contingent payments relating to the Company’s acquisition of PSI Systems, Inc. (“Endicia”) in 2007. The contingent payments are based on Endicia’s post-acquisition revenues. The other adjustment for 2011 for Specialty also includes the goodwill of the hand torch and solder business that was written off in connection with the sale of the business in 2011.
(2)
Cumulative impairment charges relating to goodwill since January 1, 2002 were $1,642.4 million as of December 31, 2012 and 2011. Of this amount, $538.0 million was included in cumulative effect of accounting change, and $298.9 million was included in discontinued operations.
Schedule of Indefinite and Finite-lived Intangible Assets [Table Text Block]
Other intangible assets, net consisted of the following as of December 31, (in millions):
 
2012
 
2011
 
Gross
Carrying
Amount
Accumulated
Amortization
Net Book Value
 
Gross
Carrying
Amount
Accumulated
Amortization
Net Book Value
Trade names — indefinite life
$
311.1

$
—

$
311.1

 
$
311.3

$
—

$
311.3

Trade names — other
42.1

(28.0
)
14.1

 
42.3

(25.1
)
17.2

Capitalized software
429.9

(160.7
)
269.2

 
387.1

(125.8
)
261.3

Patents
92.2

(68.2
)
24.0

 
88.4

(59.2
)
29.2

Customer lists
113.5

(77.9
)
35.6

 
114.6

(67.6
)
47.0

Other
3.1

(3.0
)
0.1

 
3.1

(3.0
)
0.1

 
$
991.9

$
(337.8
)
$
654.1

 
$
946.8

$
(280.7
)
$
666.1

The table below summarizes the Company’s amortization periods using the straight-line method for other intangible assets, including capitalized software, as of December 31, 2012:
 
Weighted-Average Amortization Period (in years)
Amortization Periods (in years)
Trade names — indefinite life
N/A
N/A
Trade names — other
10
3 – 20 years
Capitalized software
10
3 – 12 years
Patents
7
3 – 14 years
Customer lists
8
3 – 10 years
Other
5
3 – 5 years
 
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