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Goodwill
 12 Months Ended
Dec. 31, 2019
Goodwill Abstract  
Goodwill GOODWILL
The Company records as goodwill the excess of the purchase price over the fair value of the net assets acquired in a business combination. Measurement period adjustments may be recorded once a final valuation has been performed. Goodwill is tested and reviewed annually for impairment during the fourth quarter or whenever there is a significant change in events or circumstances that indicate that the fair value of the reporting unit may be less than its carrying value.
The changes in the carrying amount of Goodwill are as follows: 
In millions
 
Climate
 
Industrial
 
Total
Net balance as of December 31, 2017
 
$
5,065.1

 
$
870.6

 
$
5,935.7

Acquisitions (1)
 
118.1

 
1.8

 
119.9

Currency translation
 
(84.0
)
 
(12.1
)
 
(96.1
)
Net balance as of December 31, 2018
 
5,099.2

 
860.3

 
5,959.5

Acquisitions (1)
 
45.3

 
801.3

 
846.6

Currency translation
 
(18.8
)
 
(4.2
)
 
(23.0
)
Net balance as of December 31, 2019
 
$
5,125.7

 
$
1,657.4

 
$
6,783.1


(1) Refer to Note 19, "Acquisitions and Divestitures" for more information regarding acquisitions.
The net goodwill balances at December 31, 2019, 2018 and 2017 include $2,496.0 million of accumulated impairment. The accumulated impairment relates entirely to a charge in 2008 associated with the Climate segment.