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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017, by reportable segment and for the “All Other” category, were as follows:

In millions

 

 

Domestic and Canada RCS

 

 

International RCS

 

 

All Other

 

 

Total

 

Balance as of January 1, 2017

$

2,811.8

 

 

$

498.4

 

 

$

280.8

 

 

$

3,591.0

 

Goodwill acquired during year

 

36.9

 

 

 

4.9

 

 

 

4.7

 

 

 

46.5

 

Purchase accounting adjustments

 

(10.1

)

 

 

1.2

 

 

 

1.5

 

 

 

(7.4

)

Impairments during the year

 

-

 

 

 

(65.0

)

 

 

-

 

 

 

(65.0

)

Impairments related to disposition and held for sale

(see Note 4)

 

-

 

 

 

(7.1

)

 

 

-

 

 

 

(7.1

)

Changes due to foreign currency fluctuations

 

11.6

 

 

 

34.4

 

 

 

-

 

 

 

46.0

 

Balance as of December 31, 2017

 

2,850.2

 

 

 

466.8

 

 

 

287.0

 

 

 

3,604.0

 

Goodwill acquired during year

 

32.2

 

 

 

-

 

 

 

-

 

 

 

32.2

 

Purchase accounting adjustments

 

(16.9

)

 

 

-

 

 

 

(0.7

)

 

 

(17.6

)

Impairments during the year

 

 

 

 

 

(72.4

)

 

 

(286.3

)

 

 

(358.7

)

Impairments related to disposition and held for sale

(see Note 4)

 

(5.8

)

 

 

-

 

 

 

-

 

 

 

(5.8

)

Changes due to foreign currency fluctuations

 

(11.3

)

 

 

(20.6

)

 

 

-

 

 

 

(31.9

)

Balance as of December 31, 2018

$

2,848.4

 

 

$

373.8

 

 

$

-

 

 

$

3,222.2

 
Summary of Accumulated Non-Cash Impairment Charges by Segment

Accumulated non-cash impairment charges by segment as of December 31, 2018 and 2017 were as follows:

In millions

 

 

2018

 

 

2017

 

International RCS

$

137.4

 

 

$

65.0

 

All Other

 

286.3

 

 

 

-

 

Total

$

423.7

 

 

$

65.0

 
Carrying Values of Other Intangible Assets

At December 31, 2018 and 2017, the values of other intangible assets were as follows:

In millions

 

 

2018

 

 

2017

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

1,591.5

 

 

$

492.0

 

 

$

1,099.5

 

 

$

1,613.4

 

 

$

381.4

 

 

$

1,232.0

 

Covenants not-to-compete

 

5.1

 

 

 

3.2

 

 

 

1.9

 

 

 

7.9

 

 

 

5.9

 

 

 

2.0

 

Tradenames

 

3.9

 

 

 

1.2

 

 

 

2.7

 

 

 

6.0

 

 

 

1.8

 

 

 

4.2

 

Other

 

12.3

 

 

 

3.5

 

 

 

8.8

 

 

 

17.0

 

 

 

3.4

 

 

 

13.6

 

Indefinite lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating permits

 

212.5

 

 

 

-

 

 

 

212.5

 

 

 

222.3

 

 

 

-

 

 

 

222.3

 

Tradenames

 

312.3

 

 

 

-

 

 

 

312.3

 

 

 

317.4

 

 

 

-

 

 

 

317.4

 

Total

$

2,137.6

 

 

$

499.9

 

 

$

1,637.7

 

 

$

2,184.0

 

 

$

392.5

 

 

$

1,791.5

 
Changes in Carrying Amount of Intangible Assets

The changes in the carrying amount of intangible assets since January 1, 2017 were as follows:

In millions

 

 

Total

 

Balance as of January 1, 2017

$

1,862.0

 

Intangible assets acquired during the year

 

28.2

 

Valuation adjustments for prior year acquisitions

 

7.9

 

Reclassification to assets held for sale

 

(2.6

)

Impairments during the year

 

(21.0

)

Amortization during the year

 

(118.4

)

Changes due to foreign currency fluctuations

 

35.4

 

Balance as of December 31, 2017

 

1,791.5

 

Intangible assets acquired during the year

 

34.0

 

Valuation adjustments for prior year acquisitions

 

10.2

 

Reclassification to assets held for sale

 

(14.4

)

Impairments during the year

 

(16.0

)

Amortization during the year

 

(130.3

)

Changes due to foreign currency fluctuations

 

(37.3

)

Balance as of December 31, 2018

$

1,637.7

 
Summary of Remaining Non-Cash Impairment Charges Incurred Due to Certain Operations Across Segments The remaining non-cash impairment charges incurred during the year ended December 31, 2018 and the charges in the year ended December 31, 2017 were recognized due to rationalizing certain operations across all segments and were recognized in the following reportable segments:

In millions

 

 

2018

 

 

2017

 

 

2016

 

Domestic and Canada RCS

$

0.5

 

 

$

3.1

 

 

$

-

 

International RCS

 

15.5

 

 

 

12.1

 

 

 

1.4

 

All Other

 

—

 

 

 

5.8

 

 

 

-

 

Total Customer Relationships and Operating Permits

 

16.0

 

 

 

21.0

 

 

 

1.4

 
Summary of Finite-lived Intangible Assets

Our finite-lived intangible assets are amortized over their estimated useful lives using the straight-line method with each category having a weighted average remaining useful life as follows:

In years

 

 

Estimated useful lives

 

 

 

Weighted average remaining useful lives

 

Customer relationships

5-25

 

 

 

 

9.2

 

Covenants not-to-compete

5-14

 

 

 

 

2.9

 

Tradenames

4-40

 

 

 

 

17.6

 

Landfill air rights

5-26

 

 

 

 

13.4

 
Estimated Intangible Asset Amortization Expense

Our estimated intangible asset amortization expense for each of the next five years (based upon foreign exchange rates at December 31, 2018) is as follows for the years ended December 31:

In millions

 

2019

$

140.2

 

2020

 

139.1

 

2021

 

137.1

 

2022

 

135.0

 

2023

 

132.3