Goodwill and Intangibles

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

7. Goodwill and Intangibles

The Company performed its annual impairment analysis for its goodwill during the fourth quarter of 2014 resulting in no impairment. The valuation techniques used in the annual test were consistent with those used during previous testing. The inputs used in the annual test were updated for current market conditions and forecasts.

Goodwill is identified by segment as follows (in millions):


	United States			Canada			International		Total
Balance at December 31, 2012	$	204		$	117		$	22	$	343
Currency translation adjustments and other		(2	)		(8	)		—		(10	)

Balance at December 31, 2013		202			109			22		333
Additions		20			—			—		20
Currency translation adjustments and other		—			(8	)		1		(7	)

Balance at December 31, 2014	$	222		$	101		$	23	$	346

Identified intangible assets with determinable lives consist primarily of customer relationships, tradenames, trademarks and patents, and non-compete agreements acquired in acquisitions, and are being amortized on a straight-line basis over the estimated useful lives of 2-30 years. Amortization expense of identified intangibles is expected to be approximately $5 million in each of the next five years.

The net book values of identified intangible assets are identified by segment as follows (in millions):


	United States			Canada			International			Total
Balance at December 31, 2012	$	53		$	3		$	18		$	74
Amortization		(3	)		(1	)		(2	)		(6	)

Balance at December 31, 2013		50			2			16			68
Additions		10			—			—			10
Amortization		(3	)		(1	)		(1	)		(5	)

Balance at December 31, 2014	$	57		$	1		$	15		$	73

Identified intangible assets by major classification consist of the following (in millions):


			Accumulated			Net Book
	Gross		Amortization			Value
December 31, 2012:
Tradenames, trademarks and patents	$	63	$	(3	)	$	60
Customer relationships		13		(2	)		11
Other (covenant not to compete)		4		(1	)		3

Total identified intangibles	$	80	$	(6	)	$	74

December 31, 2013:
Tradenames, trademarks and patents	$	63	$	(6	)	$	57
Customer relationships		13		(3	)		10
Other (covenant not to compete)		4		(3	)		1

Total identified intangibles	$	80	$	(12	)	$	68

December 31, 2014:
Tradenames, trademarks and patents	$	61	$	(9	)	$	52
Customer relationships		24		(4	)		20
Other (covenant not to compete)		5		(4	)		1

Total identified intangibles	$	90	$	(17	)	$	73

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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