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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2015
Goodwill and Other Intangible Assets |
Summary of changes in the carrying amount of Goodwill net |
(in millions) |  | Construction Materials |  | Interconnect Technologies |  | Fluid Technologies |  | Brake and Friction |  | FoodService Products |  | Total |
Net balance at January 1, 2014 |  | $ | 129.1 |  | $ | 442.6 |  | $ | — |  | $ | 226.7 |  | $ | 60.3 |  | $ | 858.7 |
Goodwill acquired during year(1) |  |  | — |  |  | 111.7 |  |  | — |  |  | — |  |  | — |  |  | 111.7 |
Currency translation |  |  | (5.8 | ) |  | — |  |  | — |  |  | (0.1 | ) |  | — |  |  | (5.9 | )
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Net balance at December 31, 2014 |  | $ | 123.3 |  | $ | 554.3 |  | $ | — |  | $ | 226.6 |  | $ | 60.3 |  | $ | 964.5 |
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Goodwill acquired during year(1) |  |  | — |  |  | — |  |  | 175.7 |  |  | — |  |  | — |  |  | 175.7 |
Measurement period adjustments |  |  | — |  |  | 1.1 |  |  | (0.5 | ) |  | — |  |  | — |  |  | 0.6 |
Currency translation |  |  | (4.6 | ) |  | — |  |  | (1.8 | ) |  | — |  |  | — |  |  | (6.4 | )
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Net balance at December 31, 2015 |  | $ | 118.7 |  | $ | 555.4 |  | $ | 173.4 |  | $ | 226.6 |  | $ | 60.3 |  | $ | 1,134.4 |
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(1) | See Note 3 for further information on goodwill resulting from recent acquisitions.
Summary of other intangible assets, net | The Company's Other intangible assets, net at December 31, 2015, are as follows:
(in millions) |  | Acquired Cost |  | Accumulated Amortization |  | Net Book Value |
Assets subject to amortization: |  |  |  |  |  |  |  |  |  |
Intellectual property |  | $ | 180.7 |  | $ | (55.0 | ) | $ | 125.7 |
Customer relationships |  |  | 673.9 |  |  | (160.5 | ) |  | 513.4 |
Other |  |  | 13.5 |  |  | (10.6 | ) |  | 2.9 |
Assets not subject to amortization: |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 245.8 |  |  | — |  |  | 245.8 |
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Other intangible assets, net |  | $ | 1,113.9 |  | $ | (226.1 | ) | $ | 887.8 |
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The Company's Other intangible assets, net at December 31, 2014, are as follows:
(in millions) |  | Acquired Cost |  | Accumulated Amortization |  | Net Book Value |
Assets subject to amortization: |  |  |  |  |  |  |  |  |  |
Intellectual property |  | $ | 146.6 |  | $ | (37.8 | ) | $ | 108.8 |
Customer relationships |  |  | 494.6 |  |  | (122.3 | ) |  | 372.3 |
Other |  |  | 20.6 |  |  | (12.1 | ) |  | 8.5 |
Assets not subject to amortization: |  |  |  |  |  |  |  |  |  |
Trade names |  |  | 122.1 |  |  | — |  |  | 122.1 |
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Other intangible assets, net |  | $ | 783.9 |  | $ | (172.2 | ) | $ | 611.7 |
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Summary of net carrying value of other intangible assets, net by reportable segment |
(in millions) |  | 2015 |  | 2014 |
Carlisle Construction Materials |  | $ | 60.9 |  | $ | 72.3 |
Carlisle Interconnect Technologies |  |  | 357.3 |  |  | 386.6 |
Carlisle Fluid Technologies |  |  | 325.3 |  |  | — |
Carlisle Brake & Friction |  |  | 117.2 |  |  | 123.5 |
Carlisle FoodService Products |  |  | 27.1 |  |  | 29.3 |
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Total |  | $ | 887.8 |  | $ | 611.7 |
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Schedule of acquired cost of the Company's customer relationship intangible assets by estimated useful life | The acquired cost of the Company's customer relationship intangible assets by estimated useful life is as follows (in millions):
|  | Gross Balance as of December 31, |
Estimated Useful Life (Years) |  | 2015 |  | 2014 |
5 - 9 |  | $ | 25.5 |  | $ | 27.1 |
10 - 14 |  | $ | 72.3 |  | $ | 72.3 |
15 - 19 |  | $ | 468.4 |  | $ | 287.5 |
20 - 24 |  | $ | 107.7 |  | $ | 107.7 |
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Total |  | $ | 673.9 |  | $ | 494.6 |
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- Definition Tabular disclosure of the carrying value of finite-lived and indefinite-lived intangible assets, excluding goodwill, in total and by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of the company. + References No definition available. + Details
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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
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