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Other Assets goodwill (Policies)
3 Months Ended
Mar. 31, 2022
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,
2021
AcquisitionsAdjustments/OtherCurrency ExchangeMarch 31,
2022
Commercial$296.8 $— $— $(0.1)$296.7 
Defense & Space$5.5 $— $— $— $5.5 
Aftermarket$321.4 $— $— $— $321.4 
$623.7 $— $— $(0.1)$623.6 
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 March 31, 2022, there were no events or circumstances which would require the Company to update its goodwill impairment analysis.
Intangible assets are summarized as follows:
March 31,
2022
December 31,
2021
Intangible assets  
Favorable leasehold interests$2.8 $2.8 
Developed technology asset92.0 92.0 
Customer relationships intangible asset137.2 137.2 
Total intangible assets$232.0 $232.0 
Less: Accumulated amortization - favorable leasehold interest(1.9)(1.9)
         Accumulated amortization - developed technology asset(10.4)(8.8)
         Accumulated amortization - customer relationships(11.1)(9.0)
Intangible assets, net$208.6 $212.3 


The amortization for each of the five succeeding years relating to intangible assets currently recorded in the Condensed Consolidated Balance Sheet and the weighted average amortization is estimated to be the following as of March 31, 2022:
YearFavorable leasehold interestDeveloped TechnologyCustomer RelationshipsTotal
remaining in 2022$0.1 $4.5 $6.0 $10.6 
20230.1 6.1 8.1 14.3 
20240.1 6.1 8.1 14.3 
20250.1 6.1 8.1 14.3 
20260.1 6.1 8.1 14.3 
20270.1 6.1 8.1 14.3 
Weighted average amortization period7.3 years13.3 years16.2 years15.0 years