Note 5. Goodwill

The changes in the carrying amount of goodwill are as follows:


	(in millions)

Balance at January 1, 2014	$	1,691.6
Acquisitions		51.3
Consolidation of a joint venture entity		15.2
Purchase price allocation adjustments		2.1
Sale of business		(17.1)
Effect of foreign currency translation		(6.7)
Balance at December 31, 2014		1,736.4
Acquisitions		0.4
Purchase price allocation adjustments		(0.4)
Effect of foreign currency translation		(11.6)
Balance at December 31, 2015		1,724.8
Acquisitions		103.4
Disposal of businesses		(1.0)
Effect of foreign currency translation		0.2
Balance at December 31, 2016	$	1,827.4

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

We had no accumulated impairment losses related to goodwill at December 31, 2016.