Johnson Controls 2014 Annual Report Download - page 73

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73
6. GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill in each of the Company’s reporting segments for the fiscal years ended
September 30, 2014 and 2013 were as follows (in millions):
September 30,
2012 Business
Acquisitions Business
Divestitures Impairments
Currency
Translation
and Other September 30,
2013
Building Efficiency
North America Systems and
Service $ 1,229 $ — $ — $ — $ (1) $ 1,228
Global Workplace Solutions 187 79 — — (9) 257
Asia 396 — — — (8) 388
Other 994 — — — 9 1,003
Automotive Experience
Seating 2,484 187 (15) — 3 2,659
Interiors 402 — — (430) 28 —
Electronics 250 — (251) — 1 —
Power Solutions 1,040 — — — 14 1,054
Total $ 6,982 $ 266 $ (266) $ (430) $ 37 $ 6,589
September 30,
2013 Business
Acquisitions Business
Divestitures Impairments
Currency
Translation
and Other September 30,
2014
Building Efficiency
North America Systems and
Service $ 1,228 $ — $ — $ — $ (1) $ 1,227
Global Workplace Solutions 257 — (253) — (4) —
Asia 388 34 — — (8) 414
Other 1,003 837 — (47) (5) 1,788
Automotive Experience
Seating 2,659 2 — — (105) 2,556
Interiors — — (12) — 12 —
Power Solutions 1,054 106 — — (18) 1,142
Total $ 6,589 $ 979 $ (265) $ (47) $ (129) $ 7,127
The fiscal 2014 Building Efficiency Global Workplace Solutions business divestitures amount includes $253 million of goodwill
transferred to assets held for sale on the consolidated statement of financial position. The fiscal 2014 Automotive Experience
Interiors business divestitures amount includes $12 million of goodwill transferred to noncurrent assets held for sale on the
consolidated statement of financial position. The fiscal 2013 Automotive Experience Electronics business divestitures amount
includes $74 million of goodwill transferred to assets held for sale on the consolidated statement of financial position. Refer to
Note 3, "Discontinued Operations," of the notes to consolidated financial statements for further information regarding the
Company's assets and liabilities held for sale.
During fiscal 2014, as a result of recent operating results, restructuring actions and expected future profitability, the Company's
forecasted cash flow estimates used in the goodwill assessment were negatively impacted as of September 30, 2014 for the Building
Efficiency Other - Latin America reporting unit. As a result, the Company concluded that the carrying value of the Building
Efficiency Other - Latin America reporting unit exceeded its fair value as of September 30, 2014. The Company recorded a goodwill
impairment charge of $47 million in the fourth quarter of fiscal 2014, which was determined by comparing the carrying value of
the reporting unit's goodwill with the implied fair value of goodwill for the reporting unit. The Building Efficiency Other - Latin
America reporting unit has no remaining goodwill at September 30, 2014.