4. Goodwill

The change in the carrying amount of goodwill is as follows:


	(in millions)
Balance at January 1, 2016	$	1,724.8
Acquisitions		103.5
Effect of foreign currency translation		2.0
Impairment		(1.4)
Balance at September 30, 2016	$	1,828.9

Impairment losses of $1.4 million related to the Company’s planned sale of two subsidiaries were recognized during the three months and nine months ended September 30, 2016. See Note 11 — “Impairment and Restructuring Charges” for further discussion of our impairment losses.

We had $1.4 million of accumulated impairment losses related to goodwill at September 30, 2016.

All of the goodwill recorded from our 2016 acquisitions is tax deductible.