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Goodwill and Other Identifiable Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2012
Changes in Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill for the year ended December 31, 2012 and December 31, 2011 by reportable segment were as follows:
In thousands |  | December 31, 2011 |  |  | Acquisitions |  |  | Foreign currency translation/other |  |  | December 31, 2012 |
Water & Fluid Solutions |  | $ | 1,994,781 |  |  | $ | 402,254 |  |  | $ | 18,684 |  |  | $ | 2,415,719 |
Valves & Controls |  |  | — |  |  |  | 1,342,621 |  |  |  | — |  |  |  | 1,342,621 |
Technical Solutions |  |  | 279,137 |  |  |  | 856,111 |  |  |  | 924 |  |  |  | 1,136,172 |
Total goodwill |  | $ | 2,273,918 |  |  | $ | 2,600,986 |  |  | $ | 19,608 |  |  | $ | 4,894,512 |
In thousands |  | December 31, 2010 |  |  | Acquisitions |  |  | Foreign currency translation/other |  |  | December 31, 2011 |
Water & Fluid Solutions |  | $ | 1,784,100 |  |  | $ | 466,182 |  |  | $ | (255,501 | ) |  | $ | 1,994,781 |
Valves & Controls |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Technical Solutions |  |  | 281,944 |  |  |  | — |  |  |  | (2,807 | ) |  |  | 279,137 |
Total goodwill |  | $ | 2,066,044 |  |  | $ | 466,182 |  |  | $ | (258,308 | ) |  | $ | 2,273,918 |
Detail of Identifiable Intangible Assets | Identifiable intangible assets consisted of the following at December 31:
|  | 2012 |  |  | 2011 |
In thousands |  | Cost |  |  | Accumulated amortization |  |  | Net |  |  | Cost |  |  | Accumulated amortization |  |  | Net |
Finite-life intangibles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 1,276,793 |  |  | $ | (152,769 | ) |  | $ | 1,124,024 |  |  | $ | 358,410 |  |  | $ | (109,887 | ) |  | $ | 248,523 |
Trade names |  |  | 1,525 |  |  |  | (686 | ) |  |  | 839 |  |  |  | 1,515 |  |  |  | (530 | ) |  |  | 985 |
Proprietary technology |  |  | 263,647 |  |  |  | (57,711 | ) |  |  | 205,936 |  |  |  | 134,737 |  |  |  | (43,994 | ) |  |  | 90,743 |
Backlog |  |  | 41,240 |  |  |  | (18,278 | ) |  |  | 22,962 |  |  |  | — |  |  |  | — |  |  |  | — |
Total finite-life intangibles |  |  | 1,583,205 |  |  |  | (229,444 | ) |  |  | 1,353,761 |  |  |  | 494,662 |  |  |  | (154,411 | ) |  |  | 340,251 |
Indefinite-life intangibles |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 555,895 |  |  |  | — |  |  |  | 555,895 |  |  |  | 252,034 |  |  |  | — |  |  |  | 252,034 |
Total intangibles, net |  | $ | 2,139,100 |  |  | $ | (229,444 | ) |  | $ | 1,909,656 |  |  | $ | 746,696 |  |  | $ | (154,411 | ) |  | $ | 592,285 |
Estimated Future Amortization Expense for Identifiable Intangible Assets | Estimated future amortization expense for identifiable intangible assets during the next five years is as follows:
In thousands |  | 2013 |  |  | 2014 |  |  | 2015 |  |  | 2016 |  |  | 2017 |
Estimated amortization expense |  | $ | 135,308 |  |  | $ | 113,848 |  |  | $ | 113,559 |  |  | $ | 112,770 |  |  | $ | 111,625 |

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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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