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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets by Major Asset Class

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

 

 

 

Net

 

 

 

Useful Life

 

Original

 

Accumulated

 

Book

 

Original

 

Accumulated

 

Book

 

 

 

(Years)

 

Cost

 

Amortization

 

Value

 

Cost

 

Amortization

 

Value

 

Customer contracts and relationships

    

 8-30

    

$

100.0 

    

$

13.4 

    

$

86.6 

    

$

424.0 

    

$

85.7 

    

$

338.3 

 

Acquired technologies and other

 

 5-34

 

 

176.2 

 

 

81.0 

 

 

95.2 

 

 

153.8 

 

 

76.6 

 

 

77.2 

 

Trademarks and patents

 

 3-20

 

 

25.2 

 

 

16.5 

 

 

8.7 

 

 

23.0 

 

 

15.4 

 

 

7.6 

 

Covenants not to compete

 

 4-5

 

 

11.2 

 

 

1.7 

 

 

9.5 

 

 

5.5 

 

 

1.7 

 

 

3.8 

 

Trade names

 

15-indefinite

 

 

19.9 

 

 

1.7 

 

 

18.2 

 

 

45.7 

 

 

0.4 

 

 

45.3 

 

 

 

 

 

$

332.5 

 

$

114.3 

 

$

218.2 

 

$

652.0 

 

$

179.8 

 

$

472.2 

 

 

Goodwill by Reportable Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Commercial

    

 

    

Business

    

    

 

 

 

 

Aircraft

 

KLX

 

Jet 

 

Total

 

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 

 

Acquisitions

 

 

-

 

 

305.9 

 

 

417.1 

 

 

723.0 

 

Spin-off of KLX

 

 

-

 

 

(1,370.4)

 

 

-

 

 

(1,370.4)

 

Effect of foreign currency translation and other

 

 

(14.8)

 

 

(22.0)

 

 

(27.3)

 

 

(64.1)

 

Balance as of December 31, 2014

 

$

379.8 

 

$

-

 

$

479.7 

 

$

859.5