REPUBLIC SERVICES, INC. | 2013 | FY | 3


GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
A summary of the activity and balances in our goodwill accounts by reporting segment is as follows:
 
 
Balance as of December 31, 2012
 
Acquisitions
 
Divestitures
 
Adjustments
to
Acquisitions
 
Balance as of December 31, 2013
East
$
3,014.9

 
$
7.0

 
$

 
$
(1.7
)
 
$
3,020.2

Central
3,242.7

 
23.2

 

 
(1.1
)
 
3,264.8

West
4,432.4

 
8.8

 
(0.7
)
 
(1.4
)
 
4,439.1

Total
$
10,690.0

 
$
39.0

 
$
(0.7
)
 
$
(4.2
)
 
$
10,724.1

 
 
Balance as of December 31, 2011
 
Acquisitions
 
Divestitures
 
Adjustments
to
Acquisitions
 
Balance as of December 31, 2012
East
$
3,003.5

 
$
16.4

 
$
(3.9
)
 
$
(1.1
)
 
$
3,014.9

Central
3,234.6

 
9.7

 

 
(1.6
)
 
3,242.7

West
4,408.9

 
25.0

 

 
(1.5
)
 
4,432.4

Total
$
10,647.0

 
$
51.1

 
$
(3.9
)
 
$
(4.2
)
 
$
10,690.0


Adjustments to acquisitions for the year ended December 31, 2013 and 2012 primarily related to deferred tax asset adjustments resulting from the exercise of legacy Allied stock options, which were recorded to goodwill in purchase accounting.

Other Intangible Assets, Net
Other intangible assets, net, include values assigned to customer relationships, franchise agreements, other municipal agreements, trade names and non-compete agreements, and are amortized over periods ranging from 1 to 23 years. A summary of the activity and balances in other intangible assets accounts by intangible asset type is as follows:
 
 
Gross Intangible Assets
 
Accumulated Amortization
 
Net Intangible Assets as of December 31, 2013
 
Balance as of December 31, 2012
 
Acquisitions and Other Additions
 
Adjustments to Acquisitions/Divestitures
 
Balance as of December 31, 2013
 
Balance as of December 31, 2012
 
Additions
Charged
to Expense
 
Balance as of December 31, 2013
 
Customer
   relationships,
   franchise and
   other
   municipal
   agreements
$
579.0

 
$
19.9

 
$

 
$
598.9

 
$
(252.4
)
 
$
(57.3
)
 
$
(309.7
)
 
$
289.2

Trade names
30.0

 

 

 
30.0

 
(24.5
)
 
(5.5
)
 
(30.0
)
 

Non-compete
   agreements
20.4

 
3.2

 

 
23.6

 
(12.0
)
 
(2.8
)
 
(14.8
)
 
8.8

Other intangible
   assets
63.5

 
0.6

 
(0.2
)
 
63.9

 
(45.3
)
 
(0.8
)
 
(46.1
)
 
17.8

Total
$
692.9

 
$
23.7

 
$
(0.2
)
 
$
716.4

 
$
(334.2
)
 
$
(66.4
)
 
$
(400.6
)
 
$
315.8


 
Gross Intangible Assets
 
Accumulated Amortization
 
Net Intangible Assets as of December 31, 2012
 
Balance as of December 31, 2011
 
Acquisitions and Other Additions
 
Adjustments to Acquisitions/Divestitures
 
Balance as of December 31, 2012
 
Balance as of December 31, 2011
 
Additions
Charged
to Expense
 
Balance as of December 31, 2012
 
Customer
   relationships,
   franchise and
   other
   municipal
   agreements
$
566.2

 
$
12.9

 
$
(0.1
)
 
$
579.0

 
$
(194.4
)
 
$
(58.0
)
 
$
(252.4
)
 
$
326.6

Trade names
30.0

 

 

 
30.0

 
(18.5
)
 
(6.0
)
 
(24.5
)
 
5.5

Non-compete
   agreements
16.9

 
3.5

 

 
20.4

 
(9.3
)
 
(2.7
)
 
(12.0
)
 
8.4

Other intangible
   assets
62.9

 
0.7

 
(0.1
)
 
63.5

 
(44.2
)
 
(1.1
)
 
(45.3
)
 
18.2

Total
$
676.0

 
$
17.1

 
$
(0.2
)
 
$
692.9

 
$
(266.4
)
 
$
(67.8
)
 
$
(334.2
)
 
$
358.7



Based on the amortizable intangible assets recorded in the consolidated balance sheet as of December 31, 2013, amortization expense for each of the next five years is estimated as follows:
2014
$
61.8

2015
61.4

2016
60.1

2017
58.7

2018
46.3


us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock