XML 18 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in goodwill by reportable segment
The changes in the carrying amount of goodwill by reportable segment for the year ended December 31, 2012, and the three months ended March 31, 2013 are as follows:
(in millions)
 
Crane
 
Foodservice
 
Total
Gross balance as of January 1, 2012
 
$
338.8

 
$
1,384.9

 
$
1,723.7

Asset impairments
 

 
(515.7
)
 
(515.7
)
Net balance as of January 1, 2012
 
338.8

 
869.2

 
1,208.0

Restructuring reserve adjustment
 

 
(0.6
)
 
(0.6
)
Foreign currency impact
 
2.9

 
0.4

 
3.3

Gross balance as of December 31, 2012
 
$
341.7

 
$
1,384.7

 
$
1,726.4

Asset impairments
 

 
(515.7
)
 
(515.7
)
Net balance as of December 31, 2012
 
$
341.7

 
$
869.0

 
$
1,210.7

Foreign currency impact
 
(3.7
)
 

 
(3.7
)
Gross balance as of March 31, 2013
 
338.0

 
1,384.7

 
1,722.7

Asset impairments
 

 
(515.7
)
 
(515.7
)
Net balance as of March 31, 2013
 
$
338.0

 
$
869.0

 
$
1,207.0

Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill
The gross carrying amount, accumulated amortization and net book value of the company’s intangible assets other than goodwill at March 31, 2013 and December 31, 2012 are as follows:
 
 
March 31, 2013
 
December 31, 2012
(in millions)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Book
Value
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Book
Value
Trademarks and tradenames
 
$
306.4

 
$

 
$
306.4

 
$
309.4

 
$

 
$
309.4

Customer relationships
 
426.9

 
(99.7
)
 
327.2

 
426.7

 
(94.1
)
 
332.6

Patents
 
33.0

 
(26.0
)
 
7.0

 
33.6

 
(26.1
)
 
7.5

Engineering drawings
 
11.0

 
(8.2
)
 
2.8

 
11.1

 
(8.1
)
 
3.0

Distribution network
 
20.2

 

 
20.2

 
20.6

 

 
20.6

Other intangibles
 
177.0

 
(57.5
)
 
119.5

 
178.2

 
(54.9
)
 
123.3

Total
 
$
974.5

 
$
(191.4
)
 
$
783.1

 
$
979.6

 
$
(183.2
)
 
$
796.4