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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2017, are as follows:

 

(Amounts in millions)    Commercial
&  Industrial
Group
     Snap-on
Tools Group
     Repair Systems
& Information
Group
     Total  

Balance as of December 31, 2016

       $       242.4               $ 12.5               $ 640.6               $ 895.5       

Currency translation

     29.1             –                 16.5             45.6       

Acquisitions and related adjustments

     25.7             –                     (42.8)                (17.1)      
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance as of September 30, 2017

       $ 297.2               $     12.5               $ 614.3               $ 924.0       
  

 

 

    

 

 

    

 

 

    

 

 

 
Other Intangible Assets by Major Class

Additional disclosures related to other intangible assets are as follows:

 

     September 30, 2017      December 31, 2016  
(Amounts in millions)    Gross Carrying
Value
     Accumulated
Amortization
     Gross Carrying
Value
     Accumulated
Amortization
 

Amortized other intangible assets:

           

Customer relationships

       $ 175.5               $ (95.6)              $     142.6               $ (86.0)      

Developed technology

     18.9             (18.4)            17.7             (17.7)      

Internally developed software

     174.5             (129.7)            165.7                 (118.3)      

Patents

     33.7             (22.5)            31.9             (21.5)      

Trademarks

     2.9             (1.9)            2.8             (1.8)      

Other

     7.7             (2.6)            7.2             (2.2)      
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

     413.2             (270.7)            367.9             (247.5)      

Non-amortized trademarks

     115.8             –                 64.2             –           
  

 

 

    

 

 

    

 

 

    

 

 

 

Total other intangible assets

       $     529.0               $     (270.7)              $ 432.1               $ (247.5)      
  

 

 

    

 

 

    

 

 

    

 

 

 
Weighted-Average Amortization Period by Major Class

The weighted-average amortization periods related to other intangible assets are as follows:

 

     In Years

Customer relationships

       15  

Internally developed software

       3  

Patents

       8  

Trademarks

       6  

Other

       39