Goodwill and Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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		(1.7	)		—			—		(0.9	)		(2.6	)
Acquisition-related adjustments		456.9			(17.0	)		—		(0.4	)		439.5

Goodwill at June 30, 2015 ^(a)	$	1,085.3		$	578.6		$	143.0	$	97.8		$	1,904.7

(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 June 30, 2015 and December 31, 2014 were as follows:


(In millions)	As of June 30, 2015							As of December 31, 2014
	Gross Carrying Amounts		Accumulated Amortization			Net Book Value		Gross Carrying Amounts		Accumulated Amortization			Net Book Value
Indefinite-lived tradenames	$	538.6	$	(42.0	)^(a)	$	496.6	$	542.7	$	(42.0	)^(a)	$	500.7

Amortizable intangible assets
Tradenames		16.9		(6.7	)		10.2		14.6		(6.4	)		8.2
Customer and contractual relationships		505.1		(169.4	)		335.7		294.2		(164.0	)		130.2
Patents/proprietary technology		57.8		(41.5	)		16.3		57.7		(40.3	)		17.4

Total		579.8		(217.6	)		362.2		366.5		(210.7	)		155.8

Total identifiable intangibles	$	1,118.4	$	(259.6	)	$	858.8	$	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 June 30, 2015 and December 31, 2014 were as follows:


(In millions)	As of June 30, 2015							As of December 31, 2014
	Gross Carrying Amounts		Accumulated Amortization			Net Book Value		Gross Carrying Amounts		Accumulated Amortization			Net Book Value
Indefinite-lived tradenames	$	538.6	$	(42.0	)^(a)	$	496.6	$	542.7	$	(42.0	)^(a)	$	500.7

Amortizable intangible assets
Tradenames		16.9		(6.7	)		10.2		14.6		(6.4	)		8.2
Customer and contractual relationships		505.1		(169.4	)		335.7		294.2		(164.0	)		130.2
Patents/proprietary technology		57.8		(41.5	)		16.3		57.7		(40.3	)		17.4

Total		579.8		(217.6	)		362.2		366.5		(210.7	)		155.8

Total identifiable intangibles	$	1,118.4	$	(259.6	)	$	858.8	$	909.2	$	(252.7	)	$	656.5

(a)

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