Note 1 - Formation and Background Note 2 - Summary of Significant Accounting Policies Note 3 - Change in Accounting Principle Note 4 - Acquisitions Note 5 - Fair Value of Financial Instruments Note 6 - Accounts Receivable Note 7 - Inventories Note 8 - Other Current Assets Note 9 - Property, Plant and Equipment Note 10 - Goodwill and Other Intangible Assets Note 11 - Accounts Payable Note 12 - Accrued and Other Current Liabilities Note 13 - Debt Note 14 - Commitments and Contingencies Note 15 - Stockholders' Equity Note 16 - Earnings Per Share Note 17 - Income Taxes Note 18 - Retirement Benefits Note 19 - Stock and Other Plans Note 20 - Restructuring and Other Charges Note 21 - Segment and Geographical Financial Information Note 22 - Related Parties Note 23 - Subsequent Events Note 24 - Accounting Pronouncements Note 25 - Unaudited Quarterly Financial Information NOTE 10 GOODWILL AND OTHER INTANGIBLE ASSETS The following is a reconciliation of changes in the carrying amounts of goodwill by segment for the year ended December 31, 2002 (in millions): In accordance with SFAS 142, the Company completed its evaluation of whether goodwill was impaired as of January 1, 2002, and recorded a noncash charge for the cumulative effect of the accounting change (see Note 3–Change in Accounting Principle). SFAS 142 also requires that goodwill be tested annually and between annual tests if events occur or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. We have elected to perform the annual test for indication of goodwill impairment as of October 31 of each year. As of October 31, 2002, there were no additional impairments of goodwill. In September 2002, the Company finalized its third-party valuation of Cole-Parmer. As a result, the Company adjusted the purchase price allocation to reflect revisions to the fair values of certain assets acquired and liabilities assumed at the date of acquisition, resulting in a net increase to goodwill in the amount of $6.9 million. As a result of the Company’s ownership in MAS exceeding 80 percent (see Note 4 – Acquisitions), MAS qualifies for inclusion in the consolidated tax group of Fisher. As a result, the Company has recorded an adjustment to the purchase price allocation for MAS reflecting a reduction in the acquired deferred tax asset valuation allowance and an offsetting decrease to goodwill of approximately $8.0 million. The following is a summary of other intangible assets that are subject to amortization at December 31 (in millions): For the years ended December 31, 2002, 2001 and 2000, the Company recorded amortization expense of $8.1 million, $6.8 million and $3.0 million, respectively, related to amortizable other intangible assets. The estimated amortization expense for each of the five succeeding years and thereafter is as follows (in millions): As of December 31, 2002 and 2001, the Company had indefinite-lived intangible assets in the domestic distribution segment of $61.5 million, which primarily consists of tradenames.