Goodwill and Identifiable Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table shows changes in the carrying amount of goodwill from December 31, 2019 to March 31, 2020 by reportable segment:

	Performance Coatings			Transportation Coatings			Total
Balance at December 31, 2019	$	1,130.9		$	78.0		$	1,208.9
Foreign currency translation	(11.0		)	(0.6		)	(11.6		)
Balance at March 31, 2020	$	1,119.9		$	77.4		$	1,197.3

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:

March 31, 2020	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Weighted Average Amortization Periods (years)
Technology	$	537.1	$	(321.9	)	$	215.2	10.4
Trademarks - indefinite-lived	263.1		—			263.1		Indefinite
Trademarks - definite-lived	98.8		(31.5		)	67.3		15.8
Customer relationships	903.8		(276.8		)	627.0		19.0
Other	15.2		(8.7		)	6.5		5.0
Total	$	1,818.0	$	(638.9	)	$	1,179.1

December 31, 2019	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Weighted Average Amortization Periods (years)
Technology	$	540.2	$	(310.6	)	$	229.6	10.4
Trademarks—indefinite-lived	264.9		—			264.9		Indefinite
Trademarks—definite-lived	99.7		(30.1		)	69.6		15.8
Customer relationships	923.8		(271.3		)	652.5		19.1
Other	15.2		(7.9		)	7.3		5.0
Total	$	1,843.8	$	(619.9	)	$	1,223.9

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 2020 and each of the succeeding five years is:

Remainder of 2020	$	85.1
2021	111.1
2022	108.9
2023	69.9
2024	65.1
2025	64.5