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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill by reportable segment were as follows:

 

In millions

 

 

Domestic and

Canada RCS

 

 

International RCS

 

 

Total

 

Balance as of December 31, 2018

$

2,848.4

 

 

$

373.8

 

 

$

3,222.2

 

Goodwill acquired during period

 

0.3

 

 

-

 

 

 

0.3

 

Purchase accounting adjustments

 

(2.1

)

 

-

 

 

 

(2.1

)

Impairment during the period

 

-

 

 

 

(20.9

)

 

 

(20.9

)

Divestiture of business

-

 

 

 

(6.2

)

 

 

(6.2

)

Changes due to foreign currency fluctuations

 

2.6

 

 

 

1.6

 

 

 

4.2

 

Balance as of March 31, 2019

$

2,849.2

 

 

$

348.3

 

 

$

3,197.5

 

Summary of Accumulated Non-Cash Impairment Charges by Segment

Accumulated non-cash impairment charges by segment as of March 31, 2019 were as follows:

 

In millions

 

 

2019

 

International RCS

$

158.3

 

All Other

 

286.3

 

Total

$

444.6

 

Carrying Values of Other Intangible Assets

As of March 31, 2019 and December 31, 2018, the values of other intangible assets were as follows:

 

In millions

 

 

March 31, 2019

 

 

December 31, 2018

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

1,588.5

 

 

$

527.5

 

 

$

1,061.0

 

 

$

1,591.5

 

 

$

492.0

 

 

$

1,099.5

 

Covenants not-to-compete

 

5.1

 

 

 

3.4

 

 

 

1.7

 

 

 

5.1

 

 

 

3.2

 

 

 

1.9

 

Tradenames

 

4.2

 

 

 

1.3

 

 

 

2.9

 

 

 

3.9

 

 

 

1.2

 

 

 

2.7

 

Other

 

12.2

 

 

 

3.7

 

 

 

8.5

 

 

 

12.3

 

 

 

3.5

 

 

 

8.8

 

Indefinite lived intangibles:

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating permits

 

212.2

 

 

 

-

 

 

 

212.2

 

 

 

212.5

 

 

 

-

 

 

 

212.5

 

Tradenames

 

313.4

 

 

 

-

 

 

 

313.4

 

 

 

312.3

 

 

 

-

 

 

 

312.3

 

Total

$

2,135.6

 

 

$

535.9

 

 

$

1,599.7

 

 

$

2,137.6

 

 

$

499.9

 

 

$

1,637.7

 

Changes in Carrying Amount of Intangible Assets

Changes in the carrying amount of intangible assets were as follows:

 

In millions

 

 

Total

 

Balance as of December 31, 2018

$

1,637.7

 

Intangible assets acquired during the period

 

0.2

 

Valuation adjustments for prior year acquisitions

 

2.5

 

Divestiture of business

 

(5.7

)

Amortization during the period

 

(37.8

)

Changes due to foreign currency fluctuations

 

2.8

 

Balance as of March 31, 2019

$

1,599.7

 

Estimated Amortization Expense

The estimated amortization expense for each of the next five years (based upon exchange rates at March 31, 2019) is as follows for the years ended December 31:

 

In millions

 

2019

$

144.5

 

2020

 

140.0

 

2021

 

135.7

 

2022

 

134.1

 

2023

 

131.5