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Other Assets goodwill (Policies)
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Disclosure [Text Block]
Goodwill is summarized as follows:
Changes in Goodwill Balance
Balance atBalance at
SegmentDecember 31,
2020
AcquisitionsAdjustments/OtherCurrency ExchangeSeptember 30,
2021
Fuselage Systems$42.9 $— $134.9 $— $177.8 
Propulsion Systems$33.1 $— $382.0 $— $415.1 
Wing Systems$2.5 $— $10.1 $— $12.6 
All Other$— $— $— $— $— 
Not Allocated$486.8 
(1)
$18.1 
(2)
$(486.8)
(1)
$— $18.1 
$565.3 $18.1 $40.2 
(3)
$— $623.6 

(1) The Bombardier Acquisition (as defined below in Note 24, Acquisitions) on October 30, 2020 resulted in the establishment of $486.8 of goodwill that was included in the balance reported at December 31, 2020, which, given the preliminary nature of the Bombardier Acquisition purchase price allocation, had not yet been allocated to the relevant reportable segments. The amount was subsequently allocated and is included in the segments noted above. See also Note 24, Acquisitions.

(2) Goodwill related to the acquisition of the assets of Applied Aerodynamics, Inc. ("Applied") during the three months ended July 1, 2021 resulted in the establishment of $17.4 of goodwill that was included in the balance reported at July 2, 2021. As a result of certain purchase price allocation adjustments recorded during the purchase price accounting measurement period based on additional information obtained, the goodwill resulting from the Applied acquisition was
adjusted by $0.7 to $18.1 as of September 30, 2021. See Note 24, Acquisitions. As of September 30, 2021, given the preliminary nature of the purchase price allocation, the Company has not yet allocated goodwill for the acquisition to the relevant reportable segments.

(3)    As a result of certain purchase price allocation adjustments recorded during the purchase price accounting measurement period based on additional information obtained, the goodwill resulting from the Bombardier Acquisition was adjusted by $40.2, from $486.8 that was reported at December 31, 2020, to $527.0 as of September 30, 2021. See also Note 24, Acquisitions.

The total goodwill value includes no accumulated impairment loss in any of the periods presented. The Company assesses goodwill for impairment annually or more frequently if events or circumstances indicate that the fair value of a reporting unit that includes goodwill may be lower than its carrying value. For the period ended September 30, 2021, there were no events or circumstances which would require the Company to update its goodwill impairment analysis.

Intangible assets are summarized as follows:
September 30,
2021
December 31,
2020
Intangible assets  
Patents$2.0 $2.0 
Favorable leasehold interests2.8 2.8 
Developed technology asset(1)
92.0 94.0 
Customer relationships intangible asset(2)
137.2 124.1 
Total intangible assets$234.0 $222.9 
Less: Accumulated amortization - patents(2.0)(2.0)
    Accumulated amortization - favorable leasehold interest(1.9)(1.8)
         Accumulated amortization - developed technology asset(7.3)(2.6)
         Accumulated amortization - customer relationship(6.6)(1.3)
Intangible assets, net$216.2 $215.2 

(1) The acquisition of Fiber Materials Inc. on January 10, 2020 resulted in the establishment of a $30.0 intangible asset for developed technology. The Bombardier Acquisition resulted in the establishment of a $64.0 intangible asset for developed technology reported at December 31, 2020, which was subsequently adjusted to $62.0 related to the goodwill adjustment described above.

(2) The Bombardier Acquisition resulted in the establishment of a $124.1 intangible asset for customer relationships, which has been adjusted to $131.0 related to the goodwill adjustment described above. The acquisition of Applied on April 26, 2021 resulted in the establishment of a $6.9 intangible asset for customer relationships which has been adjusted to $6.2 related to the goodwill adjustment described above. See also Note 24, Acquisitions.
The amortization for each of the five succeeding years relating to intangible assets currently recorded in the Condensed Consolidated Balance Sheets and the weighted average amortization is estimated to be the following as of September 30, 2021:
YearCustomer relationshipsFavorable leasehold interestDeveloped TechnologyTotal
remaining in 2021$2.3 $— $1.5 $3.8 
20228.1 0.1 6.1 14.3 
20238.1 0.1 6.1 14.3 
20248.1 0.1 6.1 14.3 
20258.1 0.1 6.1 14.3 
20268.1 0.1 6.1 14.3 
Weighted average amortization period16.7 years7.9 years13.8 years15.5 years