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Goodwill and Other Intangible Assets
 12 Months Ended
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