XML 113 R15.htm IDEA: XBRL DOCUMENT
v2.4.1.9

GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | H. GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill, by segment, were as follows, in millions:
|  | Gross Goodwill At December 31, 2014 |  | Accumulated Impairment Losses |  | Net Goodwill At December 31, 2014 |
Cabinets and Related Products |  | $ | 240 |  | $ | (59 | ) | $ | 181 |
Plumbing Products |  |  | 531 |  |  | (340 | ) |  | 191 |
Installation and Other Services |  |  | 1,806 |  |  | (762 | ) |  | 1,044 |
Decorative Architectural Products |  |  | 294 |  |  | (75 | ) |  | 219 |
Other Specialty Products |  |  | 983 |  |  | (734 | ) |  | 249 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 3,854 |  | $ | (1,970 | ) | $ | 1,884 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | Gross Goodwill At December 31, 2013 |  | Accumulated Impairment Losses |  | Net Goodwill At December 31, 2013 |  | Additions (A) |  | Other (B) |  | Net Goodwill At December 31, 2014 |
Cabinets and Related Products |  | $ | 240 |  | $ | (59 | ) | $ | 181 |  | $ | — |  | $ | — |  | $ | 181 |
Plumbing Products |  |  | 550 |  |  | (340 | ) |  | 210 |  |  | — |  |  | (19 | ) |  | 191 |
Installation and Other Services |  |  | 1,806 |  |  | (762 | ) |  | 1,044 |  |  | — |  |  | — |  |  | 1,044 |
Decorative Architectural Products |  |  | 294 |  |  | (75 | ) |  | 219 |  |  | — |  |  | — |  |  | 219 |
Other Specialty Products |  |  | 983 |  |  | (734 | ) |  | 249 |  |  |  |  |  | — |  |  | 249 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 3,873 |  | $ | (1,970 | ) | $ | 1,903 |  | $ | — |  | $ | (19 | ) | $ | 1,884 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
|  | Gross Goodwill At December 31, 2012 |  | Accumulated Impairment Losses |  | Net Goodwill At December 31, 2012 |  | Additions (A) |  | Other (B) |  | Net Goodwill At December 31, 2013 |
Cabinets and Related Products |  | $ | 240 |  | $ | (59 | ) | $ | 181 |  | $ | — |  | $ | — |  | $ | 181 |
Plumbing Products |  |  | 544 |  |  | (340 | ) |  | 204 |  |  | — |  |  | 6 |  |  | 210 |
Installation and Other Services |  |  | 1,806 |  |  | (762 | ) |  | 1,044 |  |  | — |  |  | — |  |  | 1,044 |
Decorative Architectural Products |  |  | 294 |  |  | (75 | ) |  | 219 |  |  | — |  |  | — |  |  | 219 |
Other Specialty Products |  |  | 980 |  |  | (734 | ) |  | 246 |  |  | 3 |  |  | — |  |  | 249 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total |  | $ | 3,864 |  | $ | (1,970 | ) | $ | 1,894 |  | $ | 3 |  | $ | 6 |  | $ | 1,903 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(A) | Additions include acquisitions.
(B) | Other principally includes the effect of foreign currency translation.
In the fourth quarters of 2014, 2013 and 2012, we completed our annual impairment testing of goodwill and other indefinite-lived intangible assets. The impairment test in 2014, 2013 and 2012 indicated there was no impairment of goodwill for any of our reporting units. Other indefinite-lived intangible assets were $131 million and $133 million at December 31, 2014 and 2013, respectively, and principally included registered trademarks. In 2014, we recognized an insignificant impairment charge for other indefinite-lived intangible assets. In 2013, the impairment test indicated there was no impairment of other intangible assets for any of our business units. In 2012, the impairment test indicated that the registered trademark for a North American business unit in the Other Specialty Products segment was impaired due to changes in the long-term outlook for the business unit. We recognized non-cash, pre-tax impairment charges for other indefinite-lived intangible assets of $42 million ($27 million, after tax) in 2012. The carrying value of our definite-lived intangible assets was $14 million (net of accumulated amortization of $65 million) at December 31, 2014 and $16 million (net of accumulated amortization of $62 million) at December 31, 2013 and principally included customer relationships and non-compete agreements, with a weighted average amortization period of 6 years in both 2014 and 2013. Amortization expense related to the definite-lived intangible assets of continuing operations was $5 million in 2014, $5 million in 2013 and $6 million in 2012. At December 31, 2014, amortization expense related to the definite-lived intangible assets during each of the next five years was as follows: 2015 – $5 million; 2016 – $3 million; 2017 – $1 million; 2018 – $1 million and 2019 – $1 million.

X
- Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 5: 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 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration