Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes the changes in the Company’s goodwill, by reportable segment, for the nine months ended September 30, 2019:



	Advanced Plastic Processing Technologies		Melt Delivery and Control Systems			Fluid Technologies		Corporate		Total
	(in millions)
Balance at December 31, 2018	$	35.0	$	431.3		$	46.9	$	—	$	513.2
Foreign currency translation adjustments	—		(10.7		)	—		—		(10.7		)
Balance at September 30, 2019	$	35.0	$	420.6		$	46.9	$	—	$	502.5

There were no goodwill impairment charges during the three and nine months ended September 30, 2019 and 2018.

The following table summarizes the Company’s other intangible assets at September 30, 2019:



	Gross Amount		Accumulated Amortization		Net Amount
	(in millions)
Intangible assets subject to amortization:
Trademarks	$	35.2	$	21.1	$	14.1
Technology	113.5		60.3		53.2
Customer relationships	210.8		136.9		73.9
Total intangible assets subject to amortization	359.5		218.3		141.2
Trademarks, not subject to amortization	133.8		—		133.8
Total	$	493.3	$	218.3	$	275.0

The following table summarizes the Company’s other intangible assets at December 31, 2018:



	Gross Amount		Accumulated Amortization		Net Amount
	(in millions)
Intangible assets subject to amortization:
Trademarks	$	35.7	$	19.6	$	16.1
Technology	110.9		53.0		57.9
Customer relationships	213.7		130.7		83.0
Total intangible assets subject to amortization	360.3		203.3		157.0
Trademarks, not subject to amortization	135.7		—		135.7
Total	$	496.0	$	203.3	$	292.7

Consolidated amortization expense related to intangible assets subject to amortization was $5.1 million and $6.2 million for the three months ended September 30, 2019 and 2018, respectively. Consolidated amortization expense related to intangible assets subject to amortization was $16.1 million and $18.8 million for the nine months ended September 30, 2019 and 2018, respectively.