LEGGETT & PLATT INC | 2013 | FY | 3

Goodwill and Other Intangible Assets
 
The changes in the carrying amounts of goodwill are as follows:
 
Residential
Furnishings
 
Commercial
Fixturing &
Components
 
Industrial
Materials
 
Specialized
Products
 
Total
Net goodwill as of January 1, 2012
$
387.4

 
$
200.1

 
$
67.5

 
$
271.6

 
$
926.6

Additions for current year acquisitions
—

 
—

 
60.2

 
—

 
60.2

Adjustments to prior year acquisitions
—

 
—

 
—

 
—

 
—

Reductions for sale of business
—

 
(2.5
)
 
—

 
—

 
(2.5
)
Foreign currency translation adjustment/other
2.6

 
1.8

 
.1

 
2.7

 
7.2

Net goodwill as of December 31, 2012
390.0

 
199.4

 
127.8

 
274.3

 
991.5

Additions for current year acquisitions
—

 
—

 
6.1

 
—

 
6.1

Adjustments to prior year acquisitions
—

 
—

 
(.4
)
 
—

 
(.4
)
Reductions for sale of business
—

 
—

 
—

 
(.3
)
 
(.3
)
Impairment charge (1)
—

 
—

 
—

 
(63.0
)
 
(63.0
)
Foreign currency translation adjustment/other
(3.9
)
 
(2.9
)
 
.7

 
(1.0
)
 
(7.1
)
Net goodwill as of December 31, 2013
$
386.1

 
$
196.5

 
$
134.2

 
$
210.0

 
$
926.8

 
 
 
 
 
 
 
 
 
 
Net goodwill as of December 31, 2013 is comprised of:
 
 
 
 
 
 
 
 
 
Gross goodwill
386.1

 
339.1

 
134.2

 
273.0

 
1,132.4

Accumulated impairment losses
—

 
(142.6
)
 
—

 
(63.0
)
 
(205.6
)
Net goodwill as of December 31, 2013
$
386.1

 
$
196.5

 
$
134.2

 
$
210.0

 
$
926.8


 
(1) In the fourth quarter of 2013, we recorded a goodwill impairment charge of $63.0related to the CVP unit as outlined in Note C.



























The gross carrying amount and accumulated amortization by major amortized intangible asset class and intangible assets acquired during the period presented included in "Other intangibles" on the Consolidated Balance Sheets are as follows:
 
 
Debt
Issue
Costs
 
 
Patents
and
Trademarks
 

Non-compete
Agreements
 
Customer- Related Intangibles
 
 
Supply
Agreements
and Other
 
Total
2013
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
$
9.5

 
$
53.8

 
$
7.7

 
$
221.9

 
$
24.9

 
$
317.8

Accumulated amortization
5.5

 
28.2

 
5.2

 
63.9

 
11.6

 
114.4

Net other intangibles as of December 31, 2013
$
4.0

 
$
25.6

 
$
2.5

 
$
158.0

 
$
13.3

 
$
203.4

 


 
 
 


 
 
 
 
 
 
Acquired during 2013:
 
 
 
 
 
 
 
 
 
 
 
  Acquired related to business acquisitions
$
—

 
$
.7

 
$
.5

 
$
9.7

 
$
1.4

 
$
12.3

  Acquired outside business acquisitions
—

 
1.6

 
—

 
5.9

 
5.3

 
12.8

Total acquired in 2013
$
—

 
$
2.3

 
$
.5

 
$
15.6

 
$
6.7

 
$
25.1

 
 
 
 
 
 
 
 
 
 
 
 
Weighted average amortization period in years for items acquired in 2013
0.0

 
16.3

 
4.8

 
9.6

 
6.1

 
9.2

 
 
 
 
 
 
 
 
 
 
 
 
2012
 
 
 
 
 
 
 
 
 
 
 
Gross carrying amount
$
10.9

 
$
53.3

 
$
12.3

 
$
236.9

 
$
22.0

 
$
335.4

Accumulated amortization
5.9

 
27.1

 
9.2

 
75.1

 
11.8

 
129.1

Net other intangibles as of December 31, 2012
$
5.0

 
$
26.2

 
$
3.1

 
$
161.8

 
$
10.2

 
$
206.3

 
 
 
 
 
 
 
 
 
 
 
 
Acquired during 2012:
 
 
 
 
 
 
 
 
 
 
 
  Acquired related to business acquisitions
$
—

 
$
3.2

 
$
.1

 
$
104.5

 
$
2.0

 
$
109.8

  Acquired outside business acquisitions
2.3

 
1.2

 
—

 
—

 
3.1

 
6.6

Total acquired in 2012
$
2.3

 
$
4.4

 
$
.1

 
$
104.5

 
$
5.1

 
$
116.4

 
 
 
 
 
 
 
 
 
 
 
 
Weighted average amortization period in years for items acquired in 2012
10.0

 
5.0

 
3.2

 
16.1

 
9.9

 
15.3



Estimated amortization expense for items included in our December 31, 2013 balance sheet in each of the next five years is as follows:
 
Year ended December 31
 
2014
$
22

2015
21

2016
20

2017
18

2018
16

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