GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2011

Intangible Assets by Major Asset Class

The following sets forth the intangible assets by major asset class, all of which were acquired through business purchase transactions:

			December 31, 2011						December 31, 2010
							Net						Net
	Useful Life		Original		Accumulated		Book		Original		Accumulated		Book
	(Years)		Cost		Amortization		Value		Cost		Amortization		Value
Customer contracts and relationships		8-30	$	314.7	$	44.5	$	270.2	$	338.7	$	30.0	$	308.7
Acquired technologies		5-34		128.5		46.5		82.0		101.7		41.7		60.0
Trade names		Indefinite		19.9		--		19.9		--		--		--
Trademarks and patents		5-30		29.9		21.2		8.7		28.6		19.3		9.3
Technical qualifications, plans
and drawings		15-22		30.4		25.0		5.4		30.5		23.7		6.8
Replacement parts annuity
and product approvals		20-22		39.5		36.0		3.5		39.7		34.3		5.4
Covenants not to compete and
other identified intangibles		20-30		5.7		5.6		0.1		5.7		5.4		0.3
			$	568.6	$	178.8	$	389.8	$	544.9	$	154.4	$	390.5

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2011 and 2010 are as follows:

	Commercial			Consumables			Business
	Aircraft			Management			Jet		Total
Balance as of
December 31, 2009	$	162.1		$	452.4		$	88.7	$	703.2
Acquisitions		231.2			73.3			--		304.5
Effect of foreign
currency translation		(4.8	)		(8.4	)		--		(13.2	)
Balance as of
December 31, 2010		388.5			517.3			88.7		994.5
Acquisitions		4.7			22.1			--		26.8
Dispositions		(6.8	)		--			--		(6.8	)
Effect of foreign
currency translation		(2.2	)		(4.0	)		--		(6.2	)
Balance as of
December 31, 2011	$	384.2		$	535.4		$	88.7	$	1,008.3