Goodwill and Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Change in Net Carrying Amount of Goodwill by Segment

The change in the net carrying amount of goodwill by segment was as follows:


(In millions)	Cabinets			Plumbing			Doors		Security			Total Goodwill
Goodwill at December 31, 2014 ^(a)	$	630.1		$	595.6		$	143.0	$	99.1		$	1,467.8
Year-to-date translation adjustments		(2.4	)		—			—		(1.3	)		(3.7	)
Acquisition-related adjustments		5.8			(15.1	)		—		(0.4	)		(9.7	)

Goodwill at March 31, 2015 ^(a)	$	633.5		$	580.5		$	143.0	$	97.4		$	1,454.4

^(a)

Net of accumulated impairment losses of $399.5 million in the Doors segment.

Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of March 31, 2015 and December 31, 2014 were as follows:


(In millions)	As of March 31, 2015							As of December 31, 2014
	Gross					Net		Gross					Net
	Carrying		Accumulated			Book		Carrying		Accumulated			Book
	Amounts		Amortization			Value		Amounts		Amortization			Value

Indefinite-lived tradenames	$	536.9	$	(42.0	)^(a)	$	494.9	$	542.7	$	(42.0	)^(a)	$	500.7

Amortizable intangible assets
Tradenames		29.4		(6.8	)		22.6		14.6		(6.4	)		8.2
Customer and contractual relationships		291.5		(164.3	)		127.2		294.2		(164.0	)		130.2
Patents/proprietary technology		57.8		(41.0	)		16.8		57.7		(40.3	)		17.4

Total		378.7		(212.1	)		166.6		366.5		(210.7	)		155.8

Total identifiable intangibles	$	915.6	$	(254.1	)	$	661.5	$	909.2	$	(252.7	)	$	656.5

^(a)

Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles – Goodwill and Other Assets.

Gross Carrying Value and Accumulated Amortization by Class of Identifiable Intangible Assets

The gross carrying value and accumulated amortization by class of identifiable intangible assets as of March 31, 2015 and December 31, 2014 were as follows:


(In millions)	As of March 31, 2015							As of December 31, 2014
	Gross					Net		Gross					Net
	Carrying		Accumulated			Book		Carrying		Accumulated			Book
	Amounts		Amortization			Value		Amounts		Amortization			Value

Indefinite-lived tradenames	$	536.9	$	(42.0	)^(a)	$	494.9	$	542.7	$	(42.0	)^(a)	$	500.7

Amortizable intangible assets
Tradenames		29.4		(6.8	)		22.6		14.6		(6.4	)		8.2
Customer and contractual relationships		291.5		(164.3	)		127.2		294.2		(164.0	)		130.2
Patents/proprietary technology		57.8		(41.0	)		16.8		57.7		(40.3	)		17.4

Total		378.7		(212.1	)		166.6		366.5		(210.7	)		155.8

Total identifiable intangibles	$	915.6	$	(254.1	)	$	661.5	$	909.2	$	(252.7	)	$	656.5

^(a)

Accumulated amortization prior to the adoption of revised ASC requirements for Intangibles – Goodwill and Other Assets.