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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Reconciliation of Changes in the Company's Goodwill
A reconciliation of changes in the Company’s goodwill by segment and in total are as follows (the segment information below reflects the current structure for all periods shown):
(in millions)
 
Technologies & Equipment
 
Consumables
 
Total
 
 
 
 
 
 
 
Balance at December 31, 2015
 
$
1,366.6

 
$
621.0

 
$
1,987.6

Merger related additions
 
3,634.0

 
142.8

 
3,776.8

Acquisition activity
 
204.6

 

 
204.6

Adjustment of provisional amounts on prior acquisitions
 
1.6

 

 
1.6

Effect of exchange rate changes
 
(13.5
)
 
(5.1
)
 
(18.6
)
Balance at December 31, 2016
 
$
5,193.3

 
$
758.7

 
$
5,952.0

Acquisition activity
 

 
87.5

 
87.5

Adjustment of provisional amounts on prior acquisitions
 
(19.2
)
 

 
(19.2
)
Impairment
 
(1,650.9
)
 

 
(1,650.9
)
Effect of exchange rate changes
 
137.4

 
32.4

 
169.8

Balance, at December 31, 2017
 
$
3,660.6

 
$
878.6

 
$
4,539.2

Identifiable Definite-Lived Intangible Assets
Identifiable definite-lived and indefinite-lived intangible assets consist of the following:
 
 
December 31, 2017
 
December 31, 2016
(in millions) 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
$
1,385.5

 
$
(305.0
)
 
$
1,080.5

 
$
1,189.5

 
$
(177.3
)
 
$
1,012.2

Trademarks
 
76.4

 
(46.5
)
 
29.9

 
65.3

 
(38.7
)
 
26.6

Licensing agreements
 
31.2

 
(24.8
)
 
6.4

 
33.5

 
(26.7
)
 
6.8

Customer relationships
 
1,109.1

 
(272.0
)
 
837.1

 
1,004.8

 
(181.2
)
 
823.6

Total definite-lived
 
$
2,602.2

 
$
(648.3
)
 
$
1,953.9

 
$
2,293.1

 
$
(423.9
)
 
$
1,869.2

 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and In-process R&D
 
$
846.8

 
$

 
$
846.8

 
$
1,088.4

 
$

 
$
1,088.4

 
 
 
 
 
 
 
 
 
 
 
 
 
Total identifiable intangible assets
 
$
3,449.0

 
$
(648.3
)
 
$
2,800.7

 
$
3,381.5

 
$
(423.9
)
 
$
2,957.6

Schedule of Indefinite-Lived Intangible Assets
Identifiable definite-lived and indefinite-lived intangible assets consist of the following:
 
 
December 31, 2017
 
December 31, 2016
(in millions) 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
 
$
1,385.5

 
$
(305.0
)
 
$
1,080.5

 
$
1,189.5

 
$
(177.3
)
 
$
1,012.2

Trademarks
 
76.4

 
(46.5
)
 
29.9

 
65.3

 
(38.7
)
 
26.6

Licensing agreements
 
31.2

 
(24.8
)
 
6.4

 
33.5

 
(26.7
)
 
6.8

Customer relationships
 
1,109.1

 
(272.0
)
 
837.1

 
1,004.8

 
(181.2
)
 
823.6

Total definite-lived
 
$
2,602.2

 
$
(648.3
)
 
$
1,953.9

 
$
2,293.1

 
$
(423.9
)
 
$
1,869.2

 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks and In-process R&D
 
$
846.8

 
$

 
$
846.8

 
$
1,088.4

 
$

 
$
1,088.4

 
 
 
 
 
 
 
 
 
 
 
 
 
Total identifiable intangible assets
 
$
3,449.0

 
$
(648.3
)
 
$
2,800.7

 
$
3,381.5

 
$
(423.9
)
 
$
2,957.6