Western Union 2013 Annual Report Download - page 193

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2013 FORM 10-K
83
The carrying value of goodwill as of December 31, 2013 was $3,172.0 million which represented approximately 31% of our
consolidated assets. As of December 31, 2013, goodwill of $1,947.7 million and $996.0 million resides in our Consumer-to-
Consumer and Business Solutions reporting units, respectively. The remaining $228.3 million resides in multiple reporting units
which are included in either our Consumer-to-Business segment or Other. For the reporting units that comprise Consumer-to-
Consumer, Consumer-to-Business, and Other, the fair value of the businesses greatly exceed their carrying amounts. For our
Business Solutions reporting unit, which was acquired between 2009 and 2011, a decline in estimated fair value of approximately
15% could occur before triggering an impairment of goodwill. We believe the primary assumptions impacting our Business
Solutions impairment valuation analysis relate to projected revenue and EBITDA margins. For example, a decrease in excess of
200 basis points in the ten-year projected compound annual growth rate of either revenue or EBITDA margin, assuming all other
elements of the cash flow model remain unchanged, would result in such decline. We have not recorded any goodwill impairments
during the three years ended December 31, 2013.