Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Value of Goodwill and other Intangible Assets



	Amortizing Intangible Assets			Non-Amortizing Intangible Assets
(In millions)	Amortizing Intangible Assets			Goodwill		Other
Balance as of January 1	$	730.0		$	3,063.3	$	2,757.7
Additions	49.9			13.8		—
Impairments	(1.6		)	—		(29.3		)
Amortization	(33.0		)	—		—
Disposals	—			—		—
Other	(7.8		)	0.3		(3.9		)
Balance as of March 31	$	737.5		$	3,077.4	$	2,724.5

During the three months ended March 31, 2014, as a result of a reduction in our changes in financial projections, we recorded impairment charges of $30.9 million primarily related to certain gaming rights classified as non-amortizing intangible assets. During the three months ended March 31, 2013, we recorded impairment charges of $20.0 million related to certain gaming rights.

We determine the estimated fair values of our non-amortizing intangible assets by primarily using the Relief from Royalty Method and Excess Earnings Method under the income approach.

Gross Carrying Value and Accumulated Amortization of Intangible Assets Other Than Goodwill



	March 31, 2014								December 31, 2013
(Dollars in millions)	Weighted Average Remaining Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Amortizing intangible assets
Customer relationships	5.9	$	1,265.6	$	(667.3	)	$	598.3	$	1,268.1	$	(645.5	)	$	622.6
Contract rights	3.6	85.7		(80.1		)	5.6		97.6		(79.4		)	18.2
Developed technology	2.6	188.2		(83.8		)	104.4		138.3		(76.5		)	61.8
Gaming rights	10.5	42.8		(16.1		)	26.7		42.8		(15.4		)	27.4
Trademarks	0.8	3.8		(1.3		)	2.5		—		—			—
		$	1,586.1	$	(848.6	)	737.5		$	1,546.8	$	(816.8	)	730.0
Non-amortizing intangible assets
Gaming rights							1,130.8							1,159.5
Trademarks							1,593.7							1,598.2
							2,724.5							2,757.7
Total intangible assets other than goodwill							$	3,462.0						$	3,487.7

- 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.

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