Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Notes)

v3.10.0.1
Intangible Assets and Goodwill (Notes)
3 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block]
Intangible Assets and Goodwill

Intangible Assets

The following tables summarize the carrying amounts and related accumulated amortization for intangible assets as of December 31, 2018 and September 30, 2018.
 

 
December 31, 2018
 
September 30, 2018
 
Cost
 
Accumulated
Amortization
 
Cost
 
Accumulated
Amortization
Finite-lived assets:
 

 
 

 
 

 
 

Trade names
$
0.2

 
$
(0.2
)
 
$
0.2

 
$
(0.2
)
Customer relationships
473.1

 
(153.9
)
 
464.5

 
(148.4
)
Technology, including patents
79.1

 
(46.4
)
 
79.6

 
(45.1
)
Software
58.2

 
(49.7
)
 
58.0

 
(48.9
)
Other
2.5

 
(0.5
)
 
0.2

 
(0.2
)
 
613.1

 
(250.7
)
 
602.5

 
(242.8
)
Indefinite-lived assets:
 

 
 

 
 

 
 

Trade names
128.2

 

 
127.6

 

 
 
 
 
 
 
 
 
Total
$
741.3

 
$
(250.7
)
 
$
730.1

 
$
(242.8
)


The net change in intangible assets during the three months ended December 31, 2018 was driven primarily by the acquisition of BM&M in November 2018, which included intangible assets of approximately $14, normal amortization, and foreign currency adjustments. See Note 4 for further detail on the acquisition of BM&M.

Goodwill

Goodwill is not amortized, but is subject to annual impairment tests.  Goodwill has been assigned to reporting units.  We assess the carrying value of goodwill annually, or more often if events or changes in circumstances indicate there may be impairment.  Impairment testing is performed at a reporting unit level.

 
Process
Equipment
Group
 
Batesville
 
Total
Balance September 30, 2018
$
573.6

 
$
8.3

 
$
581.9

Acquisition
8.8

 

 
8.8

Foreign currency adjustments
(3.4
)
 

 
(3.4
)
Balance December 31, 2018
$
579.0

 
$
8.3

 
$
587.3