Goodwill

The Company evaluates goodwill for impairment at least annually during the fourth quarter. The annual tests during the fourth quarters of 2014, 2013 and 2012 resulted in no impairment. The Company has two reporting units with goodwill - Reconstituted Tobacco and Filtration - which are also reportable segments. The Paper segment has no remaining goodwill after $2.7 million in accumulated impairment losses. There are no accumulated impairment losses in the Filtration or Reconstituted Tobacco segments as of December 31, 2014.

The changes in the carrying amount of goodwill for each segment were as follows ($ in millions):



	Reconstituted Tobacco			Filtration		Total
Goodwill as of December 31, 2012	$	5.7		$	—	$	5.7
Goodwill acquired during the year	—			115.1		115.1
Foreign currency translation adjustments	0.3			—		0.3
Goodwill as of December 31, 2013	6.0			115.1		121.1
Goodwill acquired during the year	—			5.0		5.0
Foreign currency translation adjustments	(0.7		)	0.1		(0.6		)
Goodwill as of December 31, 2014	$	5.3		$	120.2	$	125.5