Goodwill & Intangibles

6 Months Ended

Jun. 30, 2019

5. Goodwill & Intangibles

The Company operates in three geographic segments: Americas, Europe, and APMEA. The changes in the carrying amount of goodwill by geographic segment are as follows:

June 30, 2019

Gross Balance

Accumulated Impairment Losses

Net Goodwill

Acquired

Foreign

Balance

During

Currency

Balance

Impairment

Balance

January 1,

the

Translation

June 30,

January 1,

Loss During

June 30,

2019

Period

and Other

2019

the Period

2019

(in millions)

Americas

438.1

—

0.3

438.4

(24.5)

—

(24.5)

413.9

Europe

243.7

—

(0.7)

243.0

(129.7)

—

(129.7)

113.3

APMEA

30.1

—

(0.2)

29.9

(12.9)

—

(12.9)

17.0

Total

711.9

—

(0.6)

711.3

(167.1)

—

(167.1)

544.2


	December 31, 2018
	Gross Balance								Accumulated Impairment Losses						Net Goodwill
			Acquired		Foreign
	Balance		During		Currency		Balance		Balance		Impairment		Balance
	January 1,		the		Translation		December 31,		January 1,		Loss During		December 31,		December 31,
	2018		Period		and Other		2018		2018		the Period		2018		2018
	(in millions)
Americas	$	437.4	$	1.5	$	(0.8)	$	438.1	$	(24.5)	$	—	$	(24.5)	$	413.6
Europe		249.3		—		(5.6)		243.7		(129.7)		—		(129.7)		114.0
APMEA		30.9		—		(0.8)		30.1		(12.9)		—		(12.9)		17.2
Total	$	717.6	$	1.5	$	(7.2)	$	711.9	$	(167.1)	$	—	$	(167.1)	$	544.8

Intangible assets include the following:


	June 30, 2019						December 31, 2018
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
	(in millions)
Patents	$	16.1	$	(15.8)	$	0.3	$	16.1	$	(15.8)	$	0.3
Customer relationships		232.9		(151.7)		81.2		232.9		(146.9)		86.0
Technology		54.6		(29.5)		25.1		54.6		(27.3)		27.3
Trade names		26.1		(12.3)		13.8		26.1		(11.5)		14.6
Other		4.3		(3.6)		0.7		4.3		(3.5)		0.8
Total amortizable intangibles		334.0		(212.9)		121.1		334.0		(205.0)		129.0
Indefinite-lived intangible assets		36.1		—		36.1		36.2		—		36.2
	$	370.1	$	(212.9)	$	157.2	$	370.2	$	(205.0)	$	165.2

Aggregate amortization expense for amortized intangible assets for the second quarters ended June 30, 2019 and July 1, 2018 was $3.9 million and $5.1 million, respectively, and for the first six months of 2019 and 2018 was $7.8 million and $10.7 million, respectively.