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Goodwill and Identifiable Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
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, 2018⁽ª⁾

 

$

924.0

 

 

$

743.7

 

 

$

412.6

 

 

$

2,080.3

 

Year-to-date translation adjustments

 

 

1.5

 

 

 

1.8

 

 

 

0.6

 

 

 

3.9

 

Acquisition-related adjustments

 

 

 

 

 

 

 

 

1.5

 

 

 

1.5

 

Goodwill at June 30, 2019⁽ª⁾

 

$

925.5

 

 

$

745.5

 

 

$

414.7

 

 

$

2,085.7

 

 

 

(a)

Net of accumulated impairment losses of $399.5 million in the Doors & Security 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, 2019 and December 31, 2018 were as follows:

 

(In millions)

 

As of June 30, 2019

 

 

As of December 31, 2018

 

 

 

Gross

Carrying

Amounts

 

 

Accumulated

Amortization

 

 

Net

Book

Value

 

 

Gross

Carrying

Amounts

 

 

Accumulated

Amortization

 

 

Net

Book

Value

 

Indefinite-lived tradenames

 

$

676.2

 

 

$

 

 

$

676.2

 

 

$

673.9

 

 

$

 

 

$

673.9

 

Amortizable intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

20.1

 

 

 

(12.5

)

 

 

7.6

 

 

 

19.8

 

 

 

(11.9

)

 

 

7.9

 

Customer and contractual relationships

 

 

802.8

 

 

 

(280.6

)

 

 

522.2

 

 

 

800.3

 

 

 

(260.2

)

 

 

540.1

 

Patents/proprietary technology

 

 

73.5

 

 

 

(50.3

)

 

 

23.2

 

 

 

73.5

 

 

 

(48.6

)

 

 

24.9

 

Total

 

 

896.4

 

 

 

(343.4

)

 

 

553.0

 

 

 

893.6

 

 

 

(320.7

)

 

 

572.9

 

Total identifiable intangibles

 

$

1,572.6

 

 

$

(343.4

)

 

$

1,229.2

 

 

$

1,567.5

 

 

$

(320.7

)

 

$

1,246.8