Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill Activity

Goodwill activity for 2012 and 2011 is as follows:

											December 31, 2012
(in millions)	Net Book Value at December 31, 2011		Additions		Impairment Charge			Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Outdoor Solutions	$	687.7	$	35.9	$	—		$	(0.5	)	$	741.6	$	(18.5	)	$	723.1
Consumer Solutions		492.3		32.4		—			2.4			527.1		—			527.1
Branded Consumables		515.6		35.6		—			0.9			775.3		(223.2	)		552.1
Process Solutions		21.5		0.2		—			—			21.7		—			21.7
	$	1,717.1	$	104.1	$	—		$	2.8		$	2,065.7	$	(241.7	)	$	1,824.0
											December 31, 2011
(in millions)	Net Book Value at December 31, 2010		Additions		Impairment Charge			Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Outdoor Solutions	$	684.0	$	3.6	$	—		$	0.1		$	706.2	$	(18.5	)	$	687.7
Consumer Solutions		492.6		—		—			(0.3	)		492.3		—			492.3
Branded Consumables(a)		554.3		4.6		(41.9	)		(1.4	)		741.4		(225.8	)		515.6
Process Solutions		21.5		—		—			—			21.5		—			21.5
	$	1,752.4	$	8.2	$	(41.9	)	$	(1.6	)	$	1,961.4	$	(244.3	)	$	1,717.1

(a) In the fourth quarter of 2011, the Company’s annual impairment test, in connection with fourth quarter triggering events, resulted in a non-cash charge to reflect impairment of goodwill in the Company’s Branded Consumables segment. The impairment charge was recorded primarily within the United States Playing Cards business and was primarily due to a decrease in the fair value of forecasted cash flows, reflecting lower levels of revenues and margins in the business than originally forecast.

Intangibles Activity

Intangibles activity for 2012 and 2011 is as follows:

(in millions)	Gross Carrying Amount at December 31, 2011		Additions		Impairment Charge			Accumulated Amortization and Foreign Exchange			Net Book Value at December 31, 2012		Amortization Periods (years)
Intangibles
Patents	$	7.5	$	1.8	$	—		$	(2.9	)	$	6.4		12-30
Manufacturing process and expertise		42.1		2.1		—			(38.5	)		5.7		3-7
Brand names		18.3		—		—			(5.9	)		12.4		4-20
Customer relationships and distributor channels		253.6		54.2		—			(54.3	)		253.5		10-35
Trademarks and tradenames		922.0		58.9		—			(2.2	)		978.7		indefinite
	$	1,243.5	$	117.0	$	—		$	(103.8	)	$	1,256.7
(in millions)	Gross Carrying Amount at December 31, 2010		Additions		Impairment Charge			Accumulated Amortization and Foreign Exchange			Net Book Value at December 31, 2011		Amortization Periods (years)
Intangibles
Patents	$	7.2	$	0.3	$	—		$	(2.2	)	$	5.3		12-30
Non-compete agreements		3.7		—		—			(3.7	)		—		1-5
Manufacturing process and expertise		42.1		—		—			(34.4	)		7.7		3-7
Brand names		18.3		—		—			(3.8	)		14.5		4-20
Customer relationships and distributor channels		253.6		—		—			(42.7	)		210.9		10-35
Trademarks and tradenames		925.4		—		(1.5	)		(5.8	)		918.1		indefinite
	$	1,250.3	$	0.3	$	(1.5	)	$	(92.6	)	$	1,156.5

Impairment of Intangible Assets by Reporting Segments

Impairment charges for 2011 and 2010 were allocated to the Company’s reporting segments as follows:

(in millions)	2011		2010
Impairment of intangibles
Outdoor Solutions	$	—	$	0.7
Consumer Solutions		—		0.7
Branded Consumables		1.5		1.0
	$	1.5	$	2.4

Estimated Future Amortization Expense Related to Amortizable Intangible Assets

The estimated future amortization expense related to amortizable intangible assets at December 31, 2012 is as follows:

Years Ending December 31,	Amount
	(in millions)
2013	$	19.8
2014		17.1
2015		16.6
2016		16.2
2017		15.6
Thereafter		192.7