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Acquisitions, Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Rollforward of Goodwill by Reportable Segment The following table provides a reconciliation of changes in goodwill by reportable segment for the periods indicated (in millions):
CommunicationsClean Energy and InfrastructureOil and GasPower DeliveryTotal Goodwill
Goodwill, gross, as of December 31, 2019$541.3 $152.6 $499.1 $149.9 $1,342.9 
Accumulated impairment loss (a)
— — (121.5)— (121.5)
Goodwill, net, as of December 31, 2019$541.3 $152.6 $377.6 $149.9 $1,221.4 
Additions from new business combinations14.9 — — 0.2 15.1 
Measurement period adjustments, net (b)
5.9 0.1 0.1 — 6.1 
Currency translation adjustments— — 0.4 — 0.4 
Goodwill, net, as of December 31, 2020$562.1 $152.7 $378.1 $150.1 $1,243.0 
Additions from new business combinations39.3 13.4 47.9 176.7 277.3 
Measurement period adjustments, net (b)
0.1 — — — 0.1 
Currency translation adjustments— — 0.2 — 0.2 
Goodwill, net, as of December 31, 2021$601.5 $166.1 $426.2 $326.8 $1,520.6 
Accumulated impairment loss (a)
— — (124.7)— (124.7)
Goodwill, gross, as of December 31, 2021$601.5 $166.1 $550.9 $326.8 $1,645.3 
(a)    Accumulated impairment losses include the effects of currency translation gains and/or losses.
(b)    Represents adjustments to preliminary estimates of fair value within the measurement period of up to one year from the date of acquisition.
Schedule of Finite-Lived Intangible Assets
The following table provides a reconciliation of changes in other intangible assets, net, for the periods indicated (in millions):
Other Intangible Assets
Non-AmortizingAmortizing
Trade NamesPre-QualificationsCustomer Relationships and BacklogPre-Qualifications
Other (a)
Total
Other intangible assets, gross, as of December 31, 2019$34.5 $72.9 $286.5 $— $26.3 $420.2 
Accumulated amortization
(191.2)— (17.5)(208.7)
Other intangible assets, net, as of December 31, 2019$34.5 $72.9 $95.3 $— $8.8 $211.5 
Additions from new business combinations— — 11.0 — 0.1 11.1 
Classification changes (b)
— (69.8)— 69.8 — — 
Measurement period adjustments (c)
— — (0.2)— — (0.2)
Currency translation adjustments— (3.1)— 3.6 — 0.5 
Amortization expense(26.7)(10.2)(2.0)(38.9)
Other intangible assets, net, as of December 31, 2020$34.5 $— $79.4 $63.2 $6.9 $184.0 
Additions from new business combinations— — 465.0 — 98.1 563.1 
Currency translation adjustments— — — 0.4 — 0.4 
Amortization expense(59.3)(11.1)(6.8)(77.2)
Other intangible assets, net, as of December 31, 2021$34.5 $— $485.1 $52.5 $98.2 $670.3 
Remaining weighted average amortization, in years14101614
(a)    Consists principally of trademarks, trade names and non-compete agreements.
(b)    In the first quarter of 2020, based on changes in the assets’ characteristics, the Company changed the classification of its non-amortizing pre-qualification intangible assets from indefinite-lived to finite-lived and began amortizing them on an accelerated basis. At the time of the reclassification, the estimated remaining weighted average useful life of these assets was approximately 12 years.
(c)    Represents adjustments to preliminary estimates of fair value within the measurement period of up to one year from the date of acquisition.
Schedule of Expected Future Amortization Expense
Expected future amortization expense as of December 31, 2021 is summarized in the following table (in millions):
Amortization Expense
2022$95.8 
202384.5 
202474.6 
202564.5 
202655.2 
Thereafter261.2 
Total
$635.8 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the estimated fair values of consideration paid and net assets acquired for the 2021 acquisitions, as adjusted (in millions):
Acquisition consideration(a):
HMGAll otherTotal
Cash, net of cash acquired$416.9 $867.1 $1,284.0 
Shares transferred181.7 — 181.7 
Estimated fair value of contingent consideration— 101.6 101.6 
Total consideration transferred$598.6 $968.7 $1,567.3 
Identifiable assets acquired and liabilities assumed:
Accounts receivable and contract assets$414.3 $269.4 $683.7 
Current assets14.6 27.6 42.2 
Property and equipment247.0 251.1 498.1 
Long-term assets, primarily operating lease right-of-use assets85.1 85.8 170.9 
Amortizing intangible assets112.0 451.1 563.1 
Accounts payable(125.4)(49.3)(174.7)
Current liabilities, including current portion of operating lease liabilities(132.2)(136.8)(269.0)
Long-term debt, including finance lease obligations— (5.1)(5.1)
Long-term liabilities, primarily operating lease liabilities and deferred income taxes(137.6)(78.1)(215.7)
Total identifiable net assets$477.8 $815.7 $1,293.5 
Goodwill120.8 156.5 277.3 
Total net assets acquired, including goodwill$598.6 $972.2 $1,570.8 
Bargain purchase gain— (3.5)(3.5)
Total consideration transferred$598.6 $968.7 $1,567.3 
(a)    Acquisition consideration includes $40 million of amounts due to former owners, which amounts are reflected within other current liabilities on the consolidated balance sheet as of December 31, 2021.