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Accounting Policies (Tables)

9 Months Ended

Sep. 28, 2014

Accounting Policies

Changes in the carrying amount of goodwill by geographic segment

		September 28, 2014
		Gross Balance												Accumulated Impairment Losses									Net Goodwill
		Balance January 1, 2014			Acquired During the Period			Foreign Currency Translation and Other			Balance September 28, 2014			Balance January 1, 2014			Impairment Loss During the Period			Balance September 28, 2014			September 28, 2014
		(in millions)
Americas		$	224.7		$	—		$	(0.5	)	$	224.2		$	(24.5	)	$	—		$	(24.5	)	$	199.7
Europe, Middle East and Africa (EMEA)		301.3			—			(21.3		)	280.0			—			—			—			280.0
Asia-Pacific		13.3			—			(0.2		)	13.1			—			—			—			13.1
Total		$	539.3		$	—		$	(22.0	)	$	517.3		$	(24.5	)	$	—		$	(24.5	)	$	492.8
		September 29, 2013
		Gross Balance												Accumulated Impairment Losses									Net Goodwill
		Balance January 1, 2013			Acquired During the Period			Foreign Currency Translation and Other			Balance September 29, 2013			Balance January 1, 2013			Impairment Loss During the Period			Balance September 29, 2013			September 29, 2013
		(in millions)
Americas		$	225.6		$	—		$	(0.5	)	$	225.1		$	(24.2	)	$	—		$	(24.2	)	$	200.9
EMEA		289.7			—			6.1			295.8			—			—			—			295.8
Asia-Pacific		12.9			—			0.2			13.1			—			—			—			13.1
Total		$	528.2		$	—		$	5.8		$	534.0		$	(24.2	)	$	—		$	(24.2	)	$	509.8

Intangible assets

		September 28, 2014									December 31, 2013
		Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount			Gross Carrying Amount			Accumulated Amortization			Net Carrying Amount
		(in millions)
Patents		$	16.3		$	(13.1	)	$	3.2		$	16.6		$	(12.6	)	$	4.0
Customer relationships		130.1			(84.5		)	45.6			133.0			(76.4		)	56.6
Technology		26.6			(12.3		)	14.3			26.9			(10.9		)	16.0
Trade Names		13.4			(3.9		)	9.5			13.7			(3.0		)	10.7
Other		8.8			(5.7		)	3.1			8.8			(5.6		)	3.2
Total amortizable intangibles		195.2			(119.5		)	75.7			199.0			(108.5		)	90.5
Indefinite-lived intangible assets		40.7			—			40.7			41.9			—			41.9
Total		$	235.9		$	(119.5	)	$	116.4		$	240.9		$	(108.5	)	$	132.4

Second Amended and Restated 2004 Stock Incentive Plan | Stock options

Stock-based compensation

Schedule of weighted average assumptions used to estimate the grant-date fair value of the equity award

		2014		2013
Expected life (years)		6.0		6.0
Expected stock price volatility		37.5	%	40.3	%
Expected dividend yield		1.0	%	1.0	%
Risk-free interest rate		1.9	%	1.7	%

Management Stock Purchase Plan | Restricted stock units (RSUs)

Stock-based compensation

Schedule of weighted average assumptions used to estimate the grant-date fair value of the equity award

		2014		2013
Expected life (years)		3.0		3.0
Expected stock price volatility		31.2	%	34.1	%
Expected dividend yield		0.9	%	0.9	%
Risk-free interest rate		0.7	%	0.4	%

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ References

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