Goodwill and Identifiable Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table shows changes in the carrying amount of goodwill from December 31, 2016 to June 30, 2017 by reportable segment:

	Performance Coatings		Transportation Coatings		Total
December 31, 2016	$	889.4	$	74.7	$	964.1
Goodwill from acquisitions	182.1		—		182.1
Foreign currency translation	68.3		4.8		73.1
June 30, 2017	$	1,139.8	$	79.5	$	1,219.3

Schedule of Finite-Lived and Indefinite-Lived Intangible Assets by Major Class

The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:

June 30, 2017	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Weighted average amortization periods (years)
Technology	$	479.3	$	(184.5	)	$	294.8	10.4
Trademarks - indefinite-lived	291.1		—			291.1		Indefinite
Trademarks - definite-lived	76.3		(14.2		)	62.1		14.4
Customer relationships	929.9		(149.6		)	780.3		19.1
Other	9.2		(1.0		)	8.2		4.7
Total	$	1,785.8	$	(349.3	)	$	1,436.5

December 31, 2016	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Weighted average amortization periods (years)
Technology	$	417.1	$	(153.6	)	$	263.5	10.2
Trademarks—indefinite-lived	273.2		—			273.2		Indefinite
Trademarks—definite-lived	55.0		(11.4		)	43.6		14.8
Customer relationships	672.6		(123.3		)	549.3		18.7
Other	2.4		(1.7		)	0.7		4.6
Total	$	1,420.3	$	(290.0	)	$	1,130.3

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2017 and each of the succeeding five years is:

Remainder of 2017	$	56.1
2018	$	104.0
2019	$	104.0
2020	$	103.6
2021	$	102.5
2022	$	84.0