GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill:

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

In millions
	North America			International			Total
Balance as of December 31, 2019	$	2,631.6		$	350.6		$	2,982.2
Divestiture and held-for-sale adjustments (Note 3)		(182.8	)		-			(182.8	)
Changes due to foreign currency fluctuations		-			(17.2	)		(17.2	)
Balance as of March 31, 2020	$	2,448.8		$	333.4		$	2,782.2

During the first quarter of 2020, the Company entered into a Purchase Agreement to divest the Domestic Environmental Solutions business.

See Part I, Item I. Note 3 – Restructuring, Divestitures, and Disposal Groups Held-For-Sale in the Condensed Consolidated Financial Statements for further information. Goodwill allocated to the Domestic

Environmental Solutions business was reclassified to Assets-held-for-sale on the Condensed Consolidated Balance Sheets as of March 31, 2020.   

There was no goodwill impairment recorded in the first quarter of 2020. Accumulated non-cash goodwill impairment charges by reportable segment were as follows:

In millions
	March 31, 2020		December 31, 2019
North America	$	215.6	$	215.6
International		171.6		171.6
Other		286.3		286.3
Total	$	673.5	$	673.5

Intangible Assets:

Intangible assets were as follows:

In millions
	March 31, 2020						December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Value		Gross Carrying Amount		Accumulated Amortization		Net Value
Amortizable intangibles:
Customer relationships	$	1,321.4	$	541.0	$	780.4	$	1,460.8	$	575.8	$	885.0
Covenants not-to-compete		3.5		2.7		0.8		4.9		3.8		1.1
Tradenames		3.5		1.1		2.4		4.1		1.6		2.5
Operating permits		4.1		2.8		1.3		3.6		1.1		2.5
Other		8.7		2.8		5.9		8.6		2.6		6.0
Indefinite lived intangibles:
Operating permits		89.0		-		89.0		211.1		-		211.1
Tradenames		308.8		-		308.8		314.2		-		314.2
Total	$	1,739.0	$	550.4	$	1,188.6	$	2,007.3	$	584.9	$	1,422.4

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

In millions
	Total
Balance as of December 31, 2019	$	1,422.4
Impairments during the period		(4.0	)
Divestitures and assets held-for-sale adjustments (Note 3)		(180.0	)
Amortization during the period		(31.9	)
Changes due to foreign currency fluctuations		(17.9	)
Balance as of March 31, 2020	$	1,188.6

The estimated amortization expense for each of the next five years (based upon exchange rates at March 31, 2020) is as follows for the years ending December 31:

In millions
2020 (remainder)	$	89.7
2021		114.0
2022		112.7
2023		111.9
2024		109.9