XML 26 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Other Intangible Assets
 9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

NOTE 6 – OTHER INTANGIBLE ASSETS

The following table summarizes the other intangible assets movement year on year:

 

     Nine Months Ended
September 30		  

(in millions)

    2018      2017  

Gross cost at January 1

    $ 295.8      $ 248.6  

Acquisitions

      0.0        37.7  

Internally developed software

      0.8        4.1  

Exchange effect

      (1.6 )       4.1  
  

 

 

     

 

 

  

Gross cost at September 30

      295.0        294.5  
  

 

 

     

 

 

  

Accumulated amortization at January 1

      (132.5 )       (104.2 ) 

Amortization expense

      (20.4 )       (20.6 ) 

Exchange effect

      0.2        (0.1 ) 
  

 

 

     

 

 

  

Accumulated amortization at September 30

      (152.7 )       (124.9 ) 
  

 

 

     

 

 

  

Net book amount at September 30

    $ 142.3      $ 169.6  
  

 

 

     

 

 

  

Internally developed software has been capitalized in relation to the information system platform for our Performance Chemicals segment’s European businesses.

Amortization expense

 

     Nine Months Ended
September 30		  

(in millions)

    2018      2017  

Product rights

    $ (2.8 )     $ (2.8 ) 

Brand names

      (0.9 )       (0.9 ) 

Technology

      (2.5 )       (2.5 ) 

Customer relationships

      (8.0 )       (7.6 ) 

Non-compete agreements

      0.0        (0.6 ) 

Marketing related

      0.0        (0.7 ) 

Internally developed software

      (6.2 )       (5.5 ) 
  

 

 

     

 

 

  

Total

    $ (20.4 )     $ (20.6 )