Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The changes in the net carrying value of goodwill by reportable segment for the three months ended March 31, 2020, are as follows:

	Sealing Products			Engineered Products			Total
	(in millions)
Goodwill as of December 31, 2019	$	474.4		$	10.9		$	485.3
Acquisition of business	(0.1		)	—			(0.1		)
Foreign currency translation	(10.4		)	(0.2		)	(10.6		)
Goodwill as of March 31, 2020	$	463.9		$	10.7		$	474.6

The goodwill balances reflected above are net of accumulated impairment losses of $27.8 million for the Sealing Products segment and $154.8 million for the Engineered Products segment as of March 31, 2020 and December 31, 2019.

Identifiable intangible assets are as follows:

	As of March 31, 2020				As of December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(in millions)
Amortized:
Customer relationships	$	460.2	$	169.0	$	470.1	$	166.2
Existing technology	114.0		51.5		117.5		50.8
Trademarks	38.9		24.1		39.4		24.1
Other	33.3		24.2		33.6		24.0
	646.4		268.8		660.6		265.1
Indefinite-Lived:
Trademarks	70.8		—		71.4		—
Total	$	717.2	$	268.8	$	732.0	$	265.1

Amortization for the three months ended March 31, 2020 and 2019 was $9.0 million and $6.8 million, respectively.