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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The changes in the carrying amount of goodwill by segment were as follows:
  ($ amounts in millions)
 
Electronics
 
Industrial & Specialty
 
Total
Balance, December 31, 2016
 
 
 
 
 
 
Goodwill, gross
 
$
1,188.0

 
$
991.0

 
$
2,179.0

Accumulated impairment losses (1)
 
—

 
(46.6
)
 
(46.6
)
 
 
1,188.0

 
944.4

 
2,132.4

Foreign currency translation and other
 
73.9

 
46.3

 
120.2

Balance, December 31, 2017
 
 
 
 
 
 
Goodwill, gross
 
1,261.9

 
1,037.3

 
2,299.2

Accumulated impairment losses
 
—

 
(46.6
)
 
(46.6
)
 
 
1,261.9

 
990.7

 
2,252.6

Addition from acquisitions (2)
 
11.1

 
—

 
11.1

Foreign currency translation and other
 
(46.3
)
 
(34.8
)
 
(81.1
)
Balance, December 31, 2018
 
 
 
 
 
 
Goodwill, gross
 
1,226.7

 
1,002.5

 
2,229.2

Accumulated impairment losses
 
—

 
(46.6
)
 
(46.6
)
 
 
$
1,226.7

 
$
955.9

 
$
2,182.6


(1) 
During 2016, a goodwill impairment charge totaling $46.6 million was recorded related to Industrial & Specialty's Energy Solutions reporting unit, resulting from weak oil prices. The Company experienced the impact on its results, which slightly lagged the overall industry, as this ultimately caused the industry to depress its overall investments. The fair value was determined using an income approach derived from a discounted cash flow model.
(2) 
In May 2018, the Company completed the acquisition of Hi-Tech Korea Co., Ltd. The impact of this acquisition on the Company's results of operations was not material.
No impairments of goodwill were identified during the years ended December 31, 2018 and 2017.
Indefinite-Lived Intangible Assets
The carrying value of indefinite-lived intangible assets, other than goodwill, which consists solely of trade names, was $150 million and $153 million at December 31, 2018 and 2017, respectively. The Company found no indications of impairment related to its indefinite-lived intangible assets as a result of its annual impairment review.
Finite-Lived Intangible Assets
Intangible assets subject to amortization were as follows:
 
 
December 31, 2018
 
December 31, 2017
  ($ amounts in millions)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
Customer lists
 
$
927.8

 
$
(283.2
)
 
$
644.6

 
$
952.0

 
$
(222.5
)
 
$
729.5

Developed technology
 
381.3

 
(155.6
)
 
225.7

 
393.0

 
(119.9
)
 
273.1

Trade names
 
5.9

 
(1.6
)
 
4.3

 
6.1

 
(1.1
)
 
5.0

Non-compete agreement
 
1.5

 
(1.3
)
 
0.2

 
1.7

 
(1.1
)
 
0.6

Total
 
$
1,316.5

 
$
(441.7
)
 
$
874.8

 
$
1,352.8

 
$
(344.6
)
 
$
1,008.2

 
For 2018, 2017, and 2016, the Company recorded amortization expense on intangible assets of $112 million, $110 million and $109 million, respectively.
Estimated future amortization of intangible assets for each of the next five years is as follows:
  ($ amounts in millions)
 
Amortization Expense
2019
 
$
110.0

2020
 
108.9

2021
 
102.2

2022
 
89.2

2023
 
87.0