GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013						December 31, 2012
						Net						Net
	Useful Life	Original		Accumulated		Book		Original		Accumulated		Book
	(Years)	Cost		Amortization		Value		Cost		Amortization		Value
Customer contracts and
relationships	8-30	$	424.0	$	85.7	$	338.3	$	410.8	$	64.0	$	346.8
Acquired technologies	5-34		126.6		54.4		72.2		127.7		50.6		77.1
Replacement parts annuity
and product approvals	7-22		7.9		6.0		1.9		28.3		25.7		2.6
Technical qualifications,
plans and drawings	10-22		19.3		16.2		3.1		26.9		22.7		4.2
Trademarks and patents	3-20		23.0		15.4		7.6		27.1		19.4		7.7
Covenants not to compete	4-5		5.5		1.7		3.8		3.3		0.8		2.5
Trade names	15-indefinite		45.7		0.4		45.3		43.6		-		43.6
		$	652.0	$	179.8	$	472.2	$	667.7	$	183.2	$	484.5

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 are as follows:

	Commercial		Consumables		Business
	Aircraft		Management		Jet			Total
Balance as of
December 31, 2011	$	384.2	$	535.4	$	88.7		$	1,008.3
Acquisitions		2.5		450.6		1.5			454.6
Effect of foreign
currency translation		1.7		19.8		(0.2	)		21.3
Balance as of
December 31, 2012		388.4		1,005.8		90.0			1,484.2
Acquisitions		-		58.7		-			58.7
Effect of foreign
currency translation		6.2		22.0		(0.1	)		28.1
Balance as of
December 31, 2013	$	394.6	$	1,086.5	$	89.9		$	1,571.0