XML 28 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Other Intangible Assets, Net
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, Net

Footnote 9 — Goodwill and Other Intangible Assets, Net

Goodwill activity for the six months ended June 30, 2018 is as follows (in millions):

 

                         June 30, 2018  

Segment

   Net Book
Value at
December 31,
2017
     Other
Adjustments
     Foreign
Exchange
    Gross
Carrying
Amount
     Accumulated
Impairment
Charges
    Net Book
Value
 

Food and Appliances

   $ 1,990.0      $ —      $ (13.0   $ 2,096.4      $ (119.4   $ 1,977.0  

Home and Outdoor Living

     2,148.0        —          (2.0     2,146.0        —         2,146.0  

Learning and Development

     2,735.0        —          (22.0     3,453.7        (740.7     2,713.0  

Other

     —          —          —         —          —         —    
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
   $ 6,873.0      $ —      $ (37.0   $ 7,696.1      $ (860.1   $ 6,836.0  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Other intangible assets, net are comprised of the following as of the dates indicated (in millions):

 

     June 30, 2018      December 31, 2017         
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net Book
Value
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net Book
Value
     Amortization
Periods
(in years)
 

Trade names — indefinite life

   $ 8,533.2      $ —     $ 8,533.2      $ 8,563.6      $ —     $ 8,563.6        N/A  

Trade names — other

     171.4        (29.8     141.6        190.7        (35.7     155.0        2–15  

Capitalized software

     503.3        (323.6     179.7        485.8        (302.9     182.9        3–12  

Patents and intellectual property

     136.6        (66.4     70.2        152.0        (81.4     70.6        3–14  

Customer relationships and distributor channels

     1,271.9        (150.0     1,121.9        1,324.7        (159.6     1,165.1        3–30  

Other

     109.0        (60.5     48.5        112.8        (50.4     62.4        3–5  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    
   $ 10,725.4      $ (630.3   $ 10,095.1      $ 10,829.6      $ (630.0   $ 10,199.6     
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

    

 

Amortization expense for intangible assets for continuing operations was $48.9 million and $42.8 million for the three months ended June 30, 2018 and 2017, respectively, and $98.6 million and $105 million for the six months ended June 30, 2018 and 2017, respectively. Amortization expense for intangible assets for discontinued continuing operations was $9.5 million and $36.6 million for the three months ended June 30, 2018 and 2017, respectively, and $41.5 million and $76.1 million for the six months ended June 30, 2018 and 2017, respectively. Amortization expense for the three and six months ended June 30, 2017 includes a measurement period expense (income) adjustment of ($2.8) million and $13.6 million, respectively, related to the valuation of non-compete agreements. The majority of these measurement period adjustments are included in the results from continuing operations.