Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Business Segment

The change in the carrying value of goodwill by segment follows:

	Americas		Asia Pacific		Europe, Middle East & Africa		Total
Balance, December 31, 2019	$	371.5	$	50.3	$	184.0	$	605.8
Foreign currency translation and other	(12.3)		0.3		13.4		1.4
Balance, December 31, 2020	$	359.2	$	50.6	$	197.4	$	607.2
Acquisition of E&I(1)	$	273.4	$	—	$	474.8	$	748.2
Foreign currency translation and other	(0.6)		0.3		(16.3)		(16.6)
Impairment(2)	—		—		(8.7)		(8.7)
Balance, December 31, 2021	$	632.0	$	50.9	$	647.2	$	1,330.1

(1)    For more information on the Acquisition of E&I, refer to "Note 2 - Acquisition".

(2)    Impairment is related the sale of a heavy industrial UPS business, see additional details below.

Schedule of Indefinite-Lived Intangible Assets

The gross carrying amount and accumulated amortization of identifiable intangible assets by major class follow:

As of December 31, 2021	Gross		Accumulated Amortization		Net
Customer relationships	$	1,824.8	$	(453.7)	$	1,371.1
Developed technology	508.1		(177.0)		331.1
Capitalized software	95.5		(53.7)		41.8
Trademarks	90.6		(24.3)		66.3
Backlog	39.6		(6.9)		32.7
Total finite-lived identifiable intangible assets	$	2,558.6	$	(715.6)	$	1,843.0
Indefinite-lived trademarks	295.2		—		295.2
Total intangible assets	$	2,853.8	$	(715.6)	$	2,138.2
As of December 31, 2020	Gross		Accumulated Amortization		Net
Customer relationships	$	1,114.3	$	(362.5)	$	751.8
Developed technology	330.0		(144.8)		185.2
Capitalized software	94.2		(44.3)		49.9
Trademarks	39.0		(19.3)		19.7
Total finite-lived identifiable intangible assets	$	1,577.5	$	(570.9)	$	1,006.6
Indefinite-lived trademarks	295.9		—		295.9
Total intangible assets	$	1,873.4	$	(570.9)	$	1,302.5

Schedule of Finite-Lived Intangible Assets

The gross carrying amount and accumulated amortization of identifiable intangible assets by major class follow:

As of December 31, 2021	Gross		Accumulated Amortization		Net
Customer relationships	$	1,824.8	$	(453.7)	$	1,371.1
Developed technology	508.1		(177.0)		331.1
Capitalized software	95.5		(53.7)		41.8
Trademarks	90.6		(24.3)		66.3
Backlog	39.6		(6.9)		32.7
Total finite-lived identifiable intangible assets	$	2,558.6	$	(715.6)	$	1,843.0
Indefinite-lived trademarks	295.2		—		295.2
Total intangible assets	$	2,853.8	$	(715.6)	$	2,138.2
As of December 31, 2020	Gross		Accumulated Amortization		Net
Customer relationships	$	1,114.3	$	(362.5)	$	751.8
Developed technology	330.0		(144.8)		185.2
Capitalized software	94.2		(44.3)		49.9
Trademarks	39.0		(19.3)		19.7
Total finite-lived identifiable intangible assets	$	1,577.5	$	(570.9)	$	1,006.6
Indefinite-lived trademarks	295.9		—		295.9
Total intangible assets	$	1,873.4	$	(570.9)	$	1,302.5

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Based on intangible asset balances as of December 31, 2021, expected amortization expense is as follows:

2022		2023		2024		2025		2026
$	236.4	$	198.6	$	198.5	$	198.5	$	188.9