December 31, 2013 | December 31, 2012(1) | ||||||||||||||||||||||
(in millions) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||
Goodwill | |||||||||||||||||||||||
PBM(2) | $ | 29,315.4 | $ | (107.4 | ) | $ | 29,208.0 | $ | 29,330.4 | $ | (107.4 | ) | $ | 29,223.0 | |||||||||
Other Business Operations | 97.4 | — | 97.4 | 97.4 | — | 97.4 | |||||||||||||||||
$ | 29,412.8 | $ | (107.4 | ) | $ | 29,305.4 | $ | 29,427.8 | $ | (107.4 | ) | $ | 29,320.4 | ||||||||||
Other intangible assets | |||||||||||||||||||||||
PBM | |||||||||||||||||||||||
Customer contracts(3) | $ | 17,602.3 | $ | (3,926.2 | ) | $ | 13,676.1 | $ | 17,672.7 | $ | (2,038.3 | ) | $ | 15,634.4 | |||||||||
Trade names | 226.6 | (39.0 | ) | 187.6 | 226.6 | (16.7 | ) | 209.9 | |||||||||||||||
Miscellaneous(4) | 111.6 | (47.4 | ) | 64.2 | 121.6 | (34.9 | ) | 86.7 | |||||||||||||||
17,940.5 | (4,012.6 | ) | 13,927.9 | 18,020.9 | (2,089.9 | ) | 15,931.0 | ||||||||||||||||
Other Business Operations | |||||||||||||||||||||||
Customer relationships(5) | 127.3 | (69.2 | ) | 58.1 | 138.5 | (63.2 | ) | 75.3 | |||||||||||||||
Trade names | 35.8 | (6.2 | ) | 29.6 | 34.7 | (3.1 | ) | 31.6 | |||||||||||||||
163.1 | (75.4 | ) | 87.7 | 173.2 | (66.3 | ) | 106.9 | ||||||||||||||||
Total other intangible assets | $ | 18,103.6 | $ | (4,088.0 | ) | $ | 14,015.6 | $ | 18,194.1 | $ | (2,156.2 | ) | $ | 16,037.9 | |||||||||
(1) | Goodwill associated with the PBM now excludes discontinued operations of our acute infusion therapies line of business. |
(2) | PBM goodwill associated with the Merger has been reduced by $12.7 million due to finalization of the purchase price allocation during the first quarter of 2013. |
(3) | Changes in gross PBM customer contracts and related accumulated amortization reflect a decrease of $84.4 million related to the write-off of fully depreciated assets. Changes in PBM customer contracts also reflect an increase of $14.5 million related to the SmartD asset acquisition, as discussed below. |
(4) | Changes in gross miscellaneous intangible assets and related accumulated amortization reflect a decrease of $10.0 million following the write-off of deferred financing fees related to the early repayment and the redemption of senior notes. See Note 7 - Financing for additional information. |
(5) | Changes in gross customer relationships and related accumulated amortization reflect a decrease of $11.2 million. These balances reflect amounts written off and have no net impact on the net other intangible assets balance. |