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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 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 RWCS

 

 

International RWCS

 

 

All Other

 

 

Total

 

Balance as of December 31, 2018

$

2,848.4

 

 

$

373.8

 

 

$

-

 

 

$

3,222.2

 

Valuation adjustments from prior year acquisitions

 

(3.6

)

 

 

-

 

 

 

-

 

 

 

(3.6

)

Impairment during the period

 

-

 

 

 

(20.9

)

 

 

-

 

 

 

(20.9

)

Divestiture and held-for-sale adjustments (Note 3)

 

(2.4

)

 

 

(6.2

)

 

 

-

 

 

 

(8.6

)

Changes due to foreign currency fluctuations

 

3.7

 

 

 

(14.4

)

 

 

-

 

 

 

(10.7

)

Balance as of September 30, 2019

$

2,846.1

 

 

$

332.3

 

 

$

-

 

 

$

3,178.4

 

Summary of Accumulated Non-Cash Impairment Charges by Segment

Accumulated non-cash goodwill impairment charges by reportable segment were as follows:

In millions

 

 

September 30, 2019

 

 

December 31, 2018

 

International RWCS

$

158.3

 

 

$

137.4

 

All Other

 

286.3

 

 

 

286.3

 

Total

$

444.6

 

 

$

423.7

 

 

Intangible Assets

Intangible assets were as follows:

In millions

 

 

September 30, 2019

 

 

December 31, 2018

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Value

 

Amortizable intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

1,499.9

 

 

$

562.1

 

 

$

937.8

 

 

$

1,591.5

 

 

$

492.0

 

 

$

1,099.5

 

Covenants not-to-compete

 

5.1

 

 

 

3.8

 

 

 

1.3

 

 

 

5.1

 

 

 

3.2

 

 

 

1.9

 

Tradenames

 

3.8

 

 

 

1.0

 

 

 

2.8

 

 

 

3.9

 

 

 

1.2

 

 

 

2.7

 

Operating permits

 

4.1

 

 

 

0.4

 

 

 

3.7

 

 

 

-

 

 

 

-

 

 

 

-

 

Other

 

11.8

 

 

 

4.0

 

 

 

7.8

 

 

 

12.3

 

 

 

3.5

 

 

 

8.8

 

Indefinite lived intangibles:

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating permits

 

202.6

 

 

 

-

 

 

 

202.6

 

 

 

212.5

 

 

 

-

 

 

 

212.5

 

Tradenames

 

310.8

 

 

 

-

 

 

 

310.8

 

 

 

312.3

 

 

 

-

 

 

 

312.3

 

Total

$

2,038.1

 

 

$

571.3

 

 

$

1,466.8

 

 

$

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

 

0.5

 

Valuation adjustments for prior year acquisitions

 

3.5

 

Impairments during the period

 

(2.6

)

Divestitures and assets held-for-sale adjustments (Note 3)

 

(53.2

)

Amortization during the period

 

(110.5

)

Changes due to foreign currency fluctuations

 

(8.6

)

Balance as of September 30, 2019

$

1,466.8

 

Estimated Amortization Expense

The estimated amortization expense for each of the next five years (based upon exchange rates at September 30, 2019) is as follows for the years ending December 31:

 

In millions

 

2019 (remainder)

$

34.8

 

2020

$

135.5

 

2021

$

129.0

 

2022

$

127.5

 

2023

$

124.9