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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill The changes in goodwill by reportable segment are as follows:
(in millions) |  | Corporate |  | Small Business(2) |  | Public |  | Other(4) |  | Consolidated
Balance at December 31, 2014(1) |  | $ | 1,045.9 |  |  | $ | 185.9 |  |  | $ | 911.3 |  |  | $ | 74.5 |  |  | $ | 2,217.6 |
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | (22.4 | ) |  | (22.4 | )
Acquisition |  | — |  |  | — |  |  | — |  |  | 305.2 |  |  | 305.2 |
Balance at December 31, 2015(1) |  | 1,045.9 |  |  | 185.9 |  |  | 911.3 |  |  | 357.3 |  |  | 2,500.4 |
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | (45.4 | ) |  | (45.4 | )
CDW Advanced Services Allocation(3) |  | 28.2 |  |  | — |  |  | 18.3 |  |  | (46.5 | ) |  | — |
Balance at December 31, 2016(1) |  | 1,074.1 |  |  | 185.9 |  |  | 929.6 |  |  | 265.4 |  |  | 2,455.0 |
Foreign currency translation |  | — |  |  | — |  |  | — |  |  | 24.6 |  |  | 24.6 |
Balances as of December 31, 2017(1) |  | $ | 1,074.1 |  |  | $ | 185.9 |  |  | $ | 929.6 |  |  | $ | 290.0 |  |  | $ | 2,479.6 |
(1) | Goodwill is net of accumulated impairment losses of $1,571 million, $354 million and $28 million related to the Corporate, Public and Other segments, respectively.
(2) | Amounts have been recast to present Small Business as its own operating and reportable segment.
(3) | Effective January 1, 2016, the CDW Advanced Services business is included in the Company's Corporate and Public segments.
(4) | Other is comprised of Canada and CDW UK operating segments.
With the establishment of Small Business as its own reporting unit, the Company performed a quantitative analysis in order to allocate Goodwill between Corporate and Small Business. Based on the results of the quantitative analysis performed as of January 1, 2017, the Company determined that the fair values of Corporate and Small Business reporting units exceeded their carrying values by 227% and 308%, respectively, and no impairment existed. December 1, 2017 Impairment Analysis The Company completed its annual impairment analysis as of December 1, 2017. For the Corporate, Small Business and UK reporting units, the Company performed a qualitative analysis. The Company determined that it was more-likely-than-not that the individual fair values of the Corporate, Small Business and UK reporting units exceeded the respective carrying values and therefore a quantitative impairment analysis was deemed unnecessary. Although uncertainty regarding the impact of the Referendum on the UK’s Membership of the European Union (“EU”), advising for the exit of the UK from the EU (referred to as “Brexit”) still exists in the current year, the Company does not believe there to be any additional risk that would indicate the quantitative analysis performed in the prior year would have a different result. Therefore, a qualitative analysis was deemed appropriate for the UK reporting unit. The Company performed a quantitative analysis of the Public and Canada reporting units. Based on the results of the quantitative analysis, the Company determined that the fair value of the Public and Canada reporting units exceeded their carrying values by 179% and 153%, respectively, and no impairment existed. December 1, 2016 Impairment Analysis The Company completed its annual impairment analysis as of December 1, 2016. For the Corporate (which, as of December 1, 2016, included Small Business), Public and Canada reporting units, the Company performed a qualitative analysis. The Company determined that it was more-likely-than-not that the individual fair values of the Corporate, Public and Canada reporting units exceeded the respective carrying values. As a result of this determination, the quantitative impairment analysis was deemed unnecessary. Due to the substantial uncertainty regarding the impact of Brexit, the Company performed a quantitative analysis of the CDW UK reporting unit. Based on the results of the quantitative analysis, the Company determined that the fair value of the CDW UK reporting unit exceeded its carrying value and no impairment existed. Other Intangible Assets A summary of intangible assets is as follows:
(in millions) |  |  |  |  |  |
December 31, 2017 |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships and contracts |  | $ | 2,106.8 |  |  | $ | (1,490.8 | ) |  | $ | 616.0 |
Trade name |  | 422.2 |  |  | (216.3 | ) |  | 205.9 |
Internally developed software |  | 162.6 |  |  | (89.6 | ) |  | 73.0 |
Other |  | 2.9 |  |  | (0.8 | ) |  | 2.1 |
Total |  | $ | 2,694.5 |  |  | $ | (1,797.5 | ) |  | $ | 897.0 |
December 31, 2016 |  |  |  |  |  |
Customer relationships and contracts |  | $ | 2,084.6 |  |  | $ | (1,322.7 | ) |  | $ | 761.9 |
Trade name |  | 422.1 |  |  | (195.2 | ) |  | 226.9 |
Internally developed software |  | 142.6 |  |  | (77.7 | ) |  | 64.9 |
Other |  | 6.0 |  |  | (4.1 | ) |  | 1.9 |
Total |  | $ | 2,655.3 |  |  | $ | (1,599.7 | ) |  | $ | 1,055.6 |
During the years ended December 31, 2017 and 2016, the Company recorded disposals of $24 million and $29 million, respectively, to remove fully amortized internally developed software assets that were no longer in use. Amortization expense related to intangible assets for the years ended December 31, 2017, 2016 and 2015 was $221 million, $216 million and $199 million, respectively. Estimated future amortization expense related to intangible assets is as follows:
(in millions) |  |
Years ending December 31, |  | Estimated Future Amortization Expense
2018 |  | $ | 219.8 |
2019 |  | 201.4 |
2020 |  | 167.6 |
2021 |  | 72.3 |
2022 |  | 38.4 |
Thereafter |  | 197.5 |
Total future amortization expense |  | $ | 897.0 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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