Black & Decker 2010 Annual Report Download - page 91
Download and view the complete annual report
Please find page 91 of the 2010 Black & Decker annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
 |
 |
The following table summarizes the estimated fair values of major assets acquired and liabilities assumed for
the 2008 acquisitions in the aggregate:
(Millions of Dollars) 2008
Current assets, primarily accounts receivable and inventories............................. $64.3
Property, plant, and equipment ................................................... 7.6
Goodwill ................................................................... 367.8
Trade names ................................................................ 21.1
Customer relationships......................................................... 238.5
Technology ................................................................. 14.1
Other intangible assets ......................................................... 1.0
Other assets................................................................. 6.6
Total assets ................................................................. $721.0
Current liabilities ............................................................. $74.6
Deferred tax liabilities and other ................................................. 74.0
Total liabilities .............................................................. $148.6
The weighted average useful lives assigned to the amortizable assets identified above are trade names —
10 years; customer relationships — 13 years; technology — 8 years; and other intangible assets — 1 year.
F. GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL — The changes in the carrying amount of goodwill by segment are as follows:
(Millions of Dollars) CDIY Industrial Security Total
Balance January 2, 2010 ......................... $206.6 $367.8 $1,244.0 $1,818.4
Addition from Merger........................... 2,868.9 474.5 485.6 3,829.0
Addition from other acquisitions ................... — 224.9 54.1 279.0
Foreign currency translation and other ............... 11.2 4.7 (0.4) 15.5
Balance January 1, 2011 ........................ $3,086.7 $1,071.9 $1,783.3 $5,941.9
OTHER INTANGIBLE ASSETS Other intangible assets at January 1, 2011 and January 2, 2010 were as
follows:
(Millions of Dollars)
2010
Gross
Carrying
Amount
Accumulated
Amortization
2009
Gross
Carrying
Amount
Accumulated
Amortization
Amortized Intangible Assets — Definite lives
Patents and copyrights ...................... $56.2 $(40.3) $53.1 $(38.7)
Trade names ............................. 236.9 (49.6) 61.6 (35.1)
Customer relationships ...................... 1,259.7 (369.9) 680.5 (267.1)
Other intangible assets ...................... 187.2 (60.1) 58.0 (40.5)
Total ..................................... $1,740.0 $(519.9) $853.2 $(381.4)
Total indefinite-lived trade names are $1,652.1 million at January 1, 2011 and $304.6 million at January 2,
2010. The increase is primarily attributable to the Merger.
78