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Goodwill and Identifiable Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2016
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, 2015 (a)

   $ 937.7       $ 578.6       $ 143.0       $ 96.0       $ 1,755.3   

Year-to-date translation adjustments

     2.0         (0.5      —           1.0         3.0   

Acquisition-related adjustments

     1.6         34.4         —           —           35.5   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Goodwill at June 30, 2016 (a)

   $ 941.3       $ 612.5       $ 143.0       $ 97.0       $ 1,793.8   

 

  (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, 2016 and December 31, 2015 were as follows:

 

(In millions)    As of June 30, 2016      As of December 31, 2015  
     Gross             Net      Gross             Net  
     Carrying      Accumulated      Book      Carrying      Accumulated      Book  
     Amounts      Amortization      Value      Amounts      Amortization      Value  

Indefinite-lived tradenames

   $ 663.1       $ —         $ 663.1       $ 638.6       $ —         $ 638.6   

Amortizable intangible assets

                 

Tradenames

     18.0         (8.8      9.2         19.1         (8.6      10.5   

Customer and contractual relationships

     542.0         (189.7      352.3         511.2         (177.4      333.8   

Patents/proprietary technology

     59.0         (44.3      14.7         54.7         (40.9      13.8   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

     619.0         (242.8      376.2         585.0         (226.9      358.1   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total identifiable intangibles

   $ 1,282.1       $ (242.8    $ 1,039.3       $ 1,223.6       $ (226.9    $ 996.7