Note 8 -Goodwill and Other Intangible Assets
Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2006 and 2005 are as follows:
| (In millions) | Brink’s | BAX Global | Total | |
| December 31, 2004 | $ | 92.1 | 167.5 | 259.6 |
| Acquisitions | 22.8 | - | 22.8 | |
| Adjustments (a) | (1.1) | - | (1.1) | |
| Foreign currency exchange | (10.0) | (2.3) | (12.3) | |
| Reclassification to assets held for sale | - | (165.2) | (165.2) | |
| December 31, 2005 | 103.8 | - | 103.8 | |
| Acquisitions | 9.5 | - | 9.5 | |
| Adjustments (a) | (0.4) | - | (0.4) | |
| Foreign currency exchange | 11.1 | - | 11.1 | |
| December 31, 2006 | $ | 124.0 | - | 124.0 |
- (a)
- Purchase accounting adjustment occurring in the year following the acquisition and adjustments to valuation allowances for deferred tax assets.
Other Intangible Assets
| December 31, | |||
| (In millions) | 2006 | 2005 | |
| Finite-lived intangible assets | $ | 33.2 | 21.6 |
| Accumulated amortization | (9.3) | (5.0) | |
| Intangible assets, net | $ | 23.9 | 16.6 |
The Company's intangible assets are included in other assets on the balance sheet (see note 9) and consist primarily of customer lists and covenants not to compete.
