Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying amount of goodwill by business segment were as follows:

(In millions)	FoodTech		AeroTech		Total
Balance as of December 31, 2022	$	770.2	$	37.6	$	807.8
Acquisitions	0.1		—		0.1
Currency translation	5.4		0.1		5.5
Balance as of March 31, 2023	$	775.7	$	37.7	$	813.4

Intangible assets consisted of the following:

	March 31, 2023				December 31, 2022
(In millions)	Carrying Amount		Accumulated Amortization		Carrying Amount		Accumulated Amortization
Customer relationship	$	439.8	$	132.7	$	437.8	$	124.1
Patents and acquired technology	176.5		99.1		174.4		93.9
Trademarks	58.4		17.1		57.8		17.0
Non-amortizing intangible assets	10.5		—		10.4		—
Other	8.8		8.8		8.6		8.6
Total intangible assets	$	694.0	$	257.7	$	689.0	$	243.6