XML 34 R13.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Identifiable Intangible Assets
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
Goodwill
The following table shows changes in the carrying amount of goodwill from December 31, 2019 to December 31, 2021 by reportable segment:
Performance
Coatings		Mobility
Coatings		Total
December 31, 2019$1,130.9 $78.0 $1,208.9 
Foreign currency translation80.4 5.6 86.0 
December 31, 2020$1,211.3 $83.6 $1,294.9 
Goodwill from acquisitions372.8 — 372.8 
Purchase accounting adjustments(0.4)— (0.4)
Foreign currency translation(70.3)(4.3)(74.6)
December 31, 2021$1,513.4 $79.3 $1,592.7 
Identifiable Intangible Assets
The following table summarizes the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:
December 31, 2021Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value		Weighted average
amortization periods (years)
Technology$575.3 $(420.9)$154.4 10.2
Trademarks—indefinite-lived266.7 — 266.7 Indefinite
Trademarks—definite-lived134.5 (43.8)90.7 14.4
Customer relationships1,131.8 (366.6)765.2 19.2
Other14.5 (13.3)1.2 5.0
Total$2,122.8 $(844.6)$1,278.2 
December 31, 2020Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value		Weighted average
amortization periods (years)
Technology$564.8 $(383.6)$181.2 10.4
Trademarks—indefinite-lived282.9 — 282.9 Indefinite
Trademarks—definite-lived103.6 (37.5)66.1 16.0
Customer relationships943.6 (329.3)614.3 19.0
Other15.3 (11.0)4.3 5.0
Total$1,910.2 $(761.4)$1,148.8 
The estimated amortization expense related to the fair value of acquired intangible assets for each of the succeeding five years is:
2022$129.9 
2023$90.0 
2024$85.3 
2025$84.6 
2026$84.1