Goodwill (Tables)

3 Months Ended

Mar. 31, 2014

The following table summarizes the goodwill movement year on year:


	Three Months Ended March 31
(in millions)	2014			2013
At January 1:
Gross cost ⁽¹⁾	$	424.4		$	384.2
Accumulated impairment losses		(236.5	)		(235.2	)

Net book amount		187.9			149.0

Exchange effect		0.0			(0.1	)
Impairment losses		0.0			(0.3	)

At March 31:
Gross cost ⁽¹⁾		424.4			384.1
Accumulated impairment losses		(236.5	)		(235.5	)

Net book amount	$	187.9		$	148.6

⁽¹⁾	Gross cost for 2014 and 2013 is net of $298.5 million of historical accumulated amortization.

Bachman Group Companies [Member]

Purchase Price and Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the calculations of the total purchase price and the estimated allocation of the purchase price to the assets acquired and liabilities assumed for Bachman. The purchase price allocation is not yet complete as we are in the process of finalising the valuation of the assets acquired. We expect to complete the valuations in the second quarter of 2014 following agreement with the previous owners. Final determination of the fair values may result in adjustments to the amounts presented below:


(in millions)	Bachman
Other intangible assets	$	25.9
Goodwill		22.9
Deferred tax on intangibles		(7.6	)
Other net assets acquired, excluding cash of $2.0m		17.6

Purchase price, net of cash acquired	$	58.8