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Goodwill and Intangibles (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill Activity

Goodwill activity for 2014 and 2013 is as follows:

 

                         December 31, 2014  

(in millions)

   Net Book
Value at
December 31,
2013
     Additions      Foreign
Exchange
and Other
Adjustments
    Gross
Carrying
Amount
     Accumulated
Impairment
Charges
    Net Book
Value
 

Goodwill

               

Branded Consumables

   $ 1,353.8      $ 23.0      $ 8.3      $ 1,608.3       $ (223.2   $ 1,385.1   

Consumer Solutions

     526.3        244.5        (13.1     757.7         —         757.7   

Outdoor Solutions

     718.5        —          (2.8     734.2         (18.5     715.7   

Process Solutions

     21.7        —          —         21.7         —         21.7   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
$ 2,620.3   $ 267.5   $ (7.6 $ 3,121.9    $ (241.7 $ 2,880.2   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
                         December 31, 2013  

(in millions)

   Net Book
Value at
December 31,
2012
     Additions      Foreign
Exchange
and Other
Adjustments
    Gross
Carrying
Amount
     Accumulated
Impairment
Charges
    Net Book
Value
 

Goodwill

               

Branded Consumables

   $ 552.1      $ 802.3      $ (0.6   $ 1,577.0       $ (223.2   $ 1,353.8   

Consumer Solutions

     527.1        —          (0.8     526.3         —         526.3   

Outdoor Solutions

     723.1        —          (4.6     737.0         (18.5     718.5   

Process Solutions

     21.7        —          —         21.7         —         21.7   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
$ 1,824.0   $ 802.3   $ (6.0 $ 2,862.0    $ (241.7 $ 2,620.3   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 
Intangibles Activity

Intangibles activity for 2014 and 2013 is as follows:

 

(in millions)

  Gross
Carrying
Amount at
December 31,
2013
    Additions     Impairment
Charge
    Accumulated
Amortization
and Foreign
Exchange
    Net Book
Value at
December 31,
2014
    Amortization
Periods
(years)
 

Intangibles

           

Patents

  $ 9.3      $ —       $ —       $ (4.5   $ 4.8        12-30   

Manufacturing process and expertise

    56.2       9.0       —         (45.7     19.5        3-7   

Brand names

    23.3       —         —         (10.5     12.8        4-20   

Customer relationships and distributor channels

    347.4       202.2       —         (100.6     449.0        10-35   

Trademarks and tradenames

    2,080.9       76.2       (25.4     (19.3     2,112.4        indefinite   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   
$ 2,517.1   $ 287.4   $ (25.4 $ (180.6 $ 2,598.5   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

(in millions)

  Gross
Carrying
Amount at
December 31,
2012
    Additions     Impairment
Charge
    Accumulated
Amortization
and Foreign
Exchange
    Net Book
Value at
December 31,
2013
    Amortization
Periods
(years)
 

Intangibles

           

Patents

  $ 9.3     $ —       $ —       $ (3.7 )   $ 5.6        12-30   

Manufacturing process and expertise

    44.2       12.0       —         (42.3 )     13.9        3-7   

Brand names

    18.3       5.0       —         (8.2 )     15.1        4-20   

Customer relationships and distributor channels

    307.8       39.6       —         (69.7 )     277.7        10-35   

Trademarks and tradenames

    980.9       1,100.0       —         (0.2 )     2,080.7        indefinite   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   
$ 1,360.5   $ 1,156.6   $ —     $ (124.1 ) $ 2,393.0   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   
Impairment Charges Allocated to Company's Reporting Segments

The impairment charges were allocated to the Company’s reporting segments as follows:

 

(in millions)

   2014  

Impairment of intangibles

  

Branded Consumables

   $ 13.9   

Consumer Solutions

     0.7   

Outdoor Solutions

     9.9   

Process Solutions

     0.9   
  

 

 

 
$ 25.4   
  

 

 

 
Estimated Future Amortization Expense Related to Amortizable Intangible Assets

The estimated future amortization expense related to amortizable intangible assets at December 31, 2014 is as follows:

 

Years Ending December 31,

   Amount  
     (in millions)  

2015

   $ 35.0   

2016

     34.5   

2017

     33.9   

2018

     33.3   

2019

     32.4   

Thereafter

     317.0