Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Changes in Carrying Value of Goodwill by Segment

The changes in the carrying value of goodwill by segment for the years ended December 31, 2021 and 2020 are as follows:

	Power Transmission Technologies			Automation & Specialty			Total
Goodwill	$	441.9		$	1,284.8		$	1,726.7
Accumulated impairment loss		(31.8	)		—			(31.8	)
Balance January 1, 2020	$	410.1		$	1,284.8		$	1,694.9
Impact of changes in foreign currency and other		10.5			29.7			40.2
Goodwill impairment charge		—			(139.1	)		(139.1	)
Balance December 31, 2020		420.6			1,175.4			1,596.0
Impact of changes in foreign currency and other		(9.6	)		(18.0	)		(27.6	)
Acquired goodwill related to the acquisition of Nook Industries		—			55.6			55.6
Other (1)		—			(60.0	)		(60.0	)
Balance December 31, 2021	$	411.0		$	1,153.0		$	1,564.0
(1) Reflects the goodwill of the JVS reporting unit, which is the disposal group classified as held for sale in 2021. Refer to Note 3 for further information.

Gross Carrying Value and Accumulated Amortization of Intangible Assets

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:

	December 31, 2021						December 31, 2020
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Other intangible assets
Intangible assets not subject to amortization:
Tradenames and trademarks	$	212.2	$	—	$	212.2	$	259.7	$	—	$	259.7
In-process research and development		—		—		—		16.0		—		16.0
Intangible assets subject to amortization:
Customer relationships		960.2		206.4		753.8		1,220.2		195.0		1,025.2
Product technology and patents		141.4		50.2		91.2		211.2		52.5		158.7
Total intangible assets	$	1,313.8	$	256.6	$	1,057.2	$	1,707.1	$	247.5	$	1,459.6