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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2020
Goodwill and Other Intangible Assets [Abstract]  
Goodwill and Other Intangible Assets
Note 5. Goodwill and Other Intangible Assets

The Company reorganized its reportable segments during the three month period ended March 31, 2020.  Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired and liabilities assumed in a business combination.

The changes in the carrying amount of goodwill attributable to each reportable segment for the three month period ended March 31, 2020 is presented in the table below.

  
Industrial
Technologies
and Services
    
Precision
and Science
Technologies
    
High
Pressure
Solutions
    
Specialty
Vehicle
Technologies
    
Total
  
Balance as of December 31, 2019
  
$
865.4
    
$
227.5
    
$
194.8
    
$
—
    
$
1,287.7
  
Acquisition
    
3,020.7
      
839.3
      
—
      
418.2
      
4,278.2
  
Foreign currency translation and other
    
(52.0
)
    
(7.9
)
    
—
      
(2.6
)
    
(62.5
)
Balance as of March 31, 2020
  
$
3,834.1
    
$
1,058.9
    
$
194.8
    
$
415.6
    
$
5,503.4
  

As of March 31, 2020, goodwill included $343.3 million of accumulated impairment losses within the High Pressure Solutions segment and $220.6 million of accumulated impairment losses within the Industrial Technologies and Services segment.

As of March 31, 2020, there was no indication that the carrying value of the Company’s goodwill and other intangible assets may not be recoverable.  However, a prolonged adverse impact of the COVID-19 pandemic on the Company’s consolidated financial results may require an impairment charge related to one or more of these assets in a future period.

There were no goodwill impairment charges recorded during the three month periods ended March 31, 2020 and 2019.

Other intangible assets as of March 31, 2020 and December 31, 2019 consisted of the following.

  
March 31, 2020
    
December 31, 2019
  
   
Gross
Carrying
Amount
    
Accumulated
Amortization
    
Gross
Carrying
Amount
    
Accumulated
Amortization
  
Amortized intangible assets
                        
Customer lists and relationships
  
$
4,016.9
    
$
(702.3
)
  
$
1,238.7
    
$
(673.9
)
Technology
    
174.7
      
(8.4
)
    
30.2
      
(6.0
)
Trademarks
    
39.6
      
(12.5
)
    
40.4
      
(11.9
)
Backlog
    
90.6
      
(9.2
)
    
—
      
—
  
Other
    
98.3
      
(43.9
)
    
64.0
      
(40.8
)
Unamortized intangible assets
                                
Trademarks
    
2,035.9
      
—
      
614.3
      
—
  
Total other intangible assets
  
$
6,456.0
    
$
(776.3
)
  
$
1,987.6
    
$
(732.6
)

Amortization of intangible assets was $55.2 million for the three month period ended March 31, 2020 and $31.4 million for the three month period ended March 31, 2019.  Amortization of intangible assets is anticipated to be approximately $350.0 million in 2020 and $275.0 million to $315.0 million from 2021 through 2025 based upon the exchange rates as of March 31, 2020.