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Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill
The changes in the carrying amount of goodwill attributable to each reportable segment for the nine month period ended September 30, 2020 is presented in the table below.
Industrial Technologies and ServicesPrecision and Science TechnologiesHigh Pressure SolutionsSpecialty Vehicle TechnologiesTotal
Balance as of December 31, 2019$865.4 $227.5 $194.8 $— $1,287.7 
Acquisitions3,243.5 1,063.2 — 569.3 4,876.0 
Foreign currency translation29.3 8.9 — 3.8 42.0 
Balance as of September 30, 2020$4,138.2 $1,299.6 $194.8 $573.1 $6,205.7 
As of September 30, 2020, goodwill included accumulated impairment losses of $343.3 million within the High Pressure Solutions segment and $220.6 million within the Industrial Technologies and Services segment.
Other Intangible Assets, Net
Other intangible assets as of September 30, 2020 and December 31, 2019 consisted of the following.
September 30, 2020December 31, 2019
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortized intangible assets
Customer lists and relationships$3,386.4 $(872.9)$2,513.5 $1,238.7 $(673.9)$564.8 
Technology276.6 (28.2)248.4 30.2 (6.0)24.2 
Tradenames40.7 (14.5)26.2 40.4 (11.9)28.5 
Backlog145.1 (121.8)23.3 — — — 
Other115.2 (60.1)55.1 64.0 (40.8)23.2 
Unamortized intangible assets
Tradenames1,917.4 — 1,917.4 614.3 — 614.3 
Total other intangible assets$5,881.4 $(1,097.5)$4,783.9 $1,987.6 $(732.6)$1,255.0 
Amortization of intangible assets is anticipated to be approximately $89.4 million in the remainder of 2020 and $330.0 million to $360.0 million from 2021 through 2025 based upon the exchange rates as of September 30, 2020.
Intangible Asset Impairment Considerations
During the third quarter, the Company developed a revised outlook that considered the impacts of the COVID-19 global pandemic and related geopolitical events on the demand for certain of our products. The Company determined that indicators of impairment existed for goodwill and indefinite-lived tradenames of certain reporting units. As of September 30, 2020, quantitative impairment tests were performed and the fair values of the reporting units and tradenames were estimated. As a result of the quantitative impairment tests of goodwill and indefinite-lived intangibles assets, we determined that the fair value of all reporting units exceeded their carrying value and therefore no impairments of goodwill were recognized. However, the Company recognized an impairment in the third quarter of 2020 of $19.9 million to reduce the carrying value of two tradenames in the Industrial Technologies and Services segment.
As of September 30, 2020, there were no other indications that the carrying value of any 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 intangible assets in a future period.