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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill

Changes in goodwill from January 1, 2019 through June 30, 2019 were as follows:

 

 

 

Power

Transmission

Technologies

 

 

Automation

& Specialty

 

 

Total

 

Net goodwill balance January 1, 2019

 

$

410.2

 

 

$

1,252.1

 

 

$

1,662.3

 

Measurement period adjustment related to acquisition of A&S

 

 

 

 

 

29.1

 

 

 

29.1

 

Impact of changes in foreign currency

 

 

(0.4

)

 

 

(4.9

)

 

 

(5.3

)

Net goodwill balance June 30, 2019

 

$

409.8

 

 

$

1,276.3

 

 

$

1,686.1

 

 

Other Intangible Assets

Other intangible assets as of June 30, 2019 and December 31, 2018 consisted of the following:

 

 

 

June 30, 2019

 

 

December 31, 2018

 

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames and trademarks

 

$

261.6

 

 

$

 

 

$

261.6

 

 

$

262.0

 

 

$

 

 

$

262.0

 

In-process research and development

 

 

16.0

 

 

 

 

 

 

16.0

 

 

 

16.0

 

 

 

 

 

 

16.0

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

1,195.6

 

 

 

113.6

 

 

 

1,082.0

 

 

 

1,196.4

 

 

 

91.0

 

 

 

1,105.4

 

Product technology and patents

 

 

210.1

 

 

 

23.2

 

 

 

186.9

 

 

 

212.9

 

 

 

10.6

 

 

 

202.3

 

Total intangible assets

 

$

1,683.3

 

 

$

136.8

 

 

$

1,546.5

 

 

$

1,687.3

 

 

$

101.6

 

 

$

1,585.7