Graco 2010 Annual Report Download - page 61

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Newell Rubbermaid Inc. 2010 Annual Report
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NEWELL RUBBERMAID 2010 Annual Report 57
Other intangible assets, net consisted of the following as of December 31, (in millions):
2010 2009
Gross Carrying Accumulated Net Book Gross Carrying Accumulated Net Book
Amount Amortization Value Amount Amortization Value
Trade names — indefinite life $317.7 $ N/A $317.7 $320.5 $ N/A $320.5
Trade names — other 46.2 (23.2) 23.0 41.6 (18.9) 22.7
Capitalized software 317.2 (100.8) 216.4 262.9 (77.0) 185.9
Other(2) 207.6 (116.4) 91.2 206.7 (89.6) 117.1
$888.7 $(240.4) $648.3 $831.7 $(185.5) $646.2
The table below summarizes the Company’s amortization periods for other intangible assets, including capitalized software,
as of December 31, 2010:
Weighted-Average
Amortization Amortization
Period Periods
Trade names — indefinite life N/A N/A
Trade names — other 11 years 5—20 years
Capitalized software 10 years 3—12 years
Other(2) 8 years 3—14 years
9 years
(2) Other consists primarily of patents and customer lists with net book values of $32.8 million and $58.4 million, respectively, as of December 31, 2010.
Amortization expense for intangible assets, including capitalized software, was $54.3 million, $53.0 million and $52.2 million
in 2010, 2009 and 2008, respectively.
As of December 31, 2010, the aggregate estimated intangible amortization amounts for the succeeding five years are as
follows (in millions):
2011 2012 2013 2014 2015
$47.5 $44.3 $37.9 $36.4 $30.4
Actual amortization expense to be reported in future periods could differ materially from these estimates as a result of
acquisitions, changes in useful lives and other relevant factors.
FOOTNOTE 8
OTHER ACCRUED LIABILITIES
Accrued liabilities included the following as of December 31, (in millions):
2010 2009
Customer accruals $280.9 $237.5
Accruals for manufacturing, marketing and freight expenses 108.9 99.9
Accrued self-insurance liability 73.1 82.5
Accrued pension, defined contribution and other postretirement benefits 45.3 49.8
Accrued contingencies, primarily legal, environmental and warranty 39.1 44.9
Accrued restructuring (See Footnote 4) 33.5 33.3
Other 117.4 108.1
Other accrued liabilities $698.2 $656.0
Customer accruals are promotional allowances and rebates, including cooperative advertising, given to customers in exchange
for their selling efforts and volume purchased. The self-insurance accrual is primarily casualty liabilities such as workers’
compensation, general and product liability and auto liability, and is estimated based upon historical loss experience combined
with actuarial evaluation methods, review of significant individual files and the application of risk transfer programs.