Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill

Changes in goodwill from January 1, 2022 through March 31, 2022 were as follows:

	Power Transmission Technologies			Automation & Specialty			Total
Goodwill	$	442.8		$	1,352.1		$	1,794.9
Accumulated impairment loss		(31.8	)		(199.1	)		(230.9	)
Balance January 1, 2022	$	411.0		$	1,153.0		$	1,564.0
Impact of changes in foreign currency		(2.2	)		(5.6	)		(7.8	)
Goodwill balance March 31, 2022	$	408.8		$	1,147.4		$	1,556.2

Other Intangible Assets

Other intangible assets as of March 31, 2022 and December 31, 2021 consisted of the following:

	March 31, 2022						December 31, 2021
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Other intangible assets
Intangible assets not subject to amortization:
Tradenames and trademarks (1)	$	210.2	$	0.1	$	210.1	$	212.2	$	—	$	212.2
Intangible assets subject to amortization:
Customer relationships		953.0		215.1		737.9		960.2		206.4		753.8
Product technology and patents		141.6		53.6		88.0		141.4		50.2		91.2
Total intangible assets	$	1,304.8	$	268.8	$	1,036.0	$	1,313.8	$	256.6	$	1,057.2
(1) While the majority of the Company's tradenames are considered indefinite lived intangible assets, tradenames acquired through the acquisition of Nook are subject to amortization. The net book value of Nook's tradename was $1.0 million as of March 31, 2022.