Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The carrying amount of goodwill attributable to each reportable segment and the changes in those balances during the years ended December 31, 2019 and 2018, are as follows:

(In millions)	Catalysts Technologies			Materials Technologies			Total Grace
Balance, December 31, 2017	$	357.7		$	44.7		$	402.4
Goodwill acquired during the year	140.6			—			140.6
Foreign currency translation	(2.0		)	(0.6		)	(2.6		)
Balance, December 31, 2018	496.3			44.1			540.4
Goodwill acquired during the year	17.8			—			17.8
Foreign currency translation	(1.0		)	(0.3		)	(1.3		)
Balance, December 31, 2019	$	513.1		$	43.8		$	556.9

Grace’s net book value of other intangible assets at December 31, 2019 and 2018, was $342.8 million and $356.5 million, respectively, detailed as follows:

	12/31/2019				12/31/2018
(In millions)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Technology	$	232.5	$	63.6	$	226.2	$	52.4
Customer lists	161.2		23.9		161.2		15.7
Trademarks	31.7		5.5		29.8		4.0
Other	16.1		5.7		16.1		4.7
Total	$	441.5	$	98.7	$	433.3	$	76.8

Amortization expense related to intangible assets was $21.9 million, $19.9 million, and $15.4 million in 2019, 2018, and 2017, respectively.

At December 31, 2019, estimated future annual amortization expense for intangible assets is:

	(In millions)
2020	$	22.1
2021	21.8
2022	21.7
2023	21.7
2024	21.7
Thereafter	233.8
	$	342.8