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Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2012
Changes in Carrying Amount of Goodwill

Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2012 and 2011 by segment are as follows:

 

      Industrial
Process
    Motion
Technologies
    Interconnect
Solutions
    Control
Technologies
     Total  

Goodwill – January 1, 2011

   $ 187.6      $ 48.1      $ 70.4      $ 185.1       $ 491.2   

Goodwill acquired

     8.5               2.8                11.3   

Adjustments to purchase price allocations

     (2.3            (0.3             (2.6

Foreign currency

     (0.6     (1.2     (0.6             (2.4

Goodwill – December 31, 2011

     193.2        46.9        72.3        185.1         497.5   

Goodwill acquired

     146.5                              146.5   

Adjustments to purchase price allocations

     2.6                              2.6   

Foreign currency

     3.2        0.9        0.7                4.8   

Goodwill – December 31, 2012

   $ 345.5      $ 47.8      $ 73.0      $ 185.1       $ 651.4   

 

Other Intangible Assets

Other Intangible Assets

Information regarding our other intangible assets is as follows:

 

     December 31, 2012      December 31, 2011  
      Gross
Carrying
Amount
     Accumulated
Amortization
   

Net

Intangibles

    

Gross

Carrying
Amount

     Accumulated
Amortization
   

Net

Intangibles

 

Customer relationships

   $ 84.7       $ (25.1   $ 59.6       $ 69.4       $ (19.8   $ 49.6   

Proprietary technology

     29.5         (4.9     24.6         12.1         (3.9     8.2   

Patents and other

     18.0         (6.3     11.7         5.4         (2.4     3.0   

Indefinite-lived intangibles

     27.4                27.4         15.8                15.8   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Other Intangible Assets

   $ 159.6       $ (36.3   $ 123.3       $ 102.7       $ (26.1   $ 76.6   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

 

Estimated Amortization Expense Related to Intangible Assets
Estimated amortization expense for each of the five succeeding years is as follows:

 

Year    Estimated
Amortization
Expense
 

2013

   $ 19.3   

2014

     10.7   

2015

     9.4   

2016

     9.3   

2017

     8.4