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Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]  
Other Intangible Assets
Information regarding our other intangible assets is as follows:
 
December 31, 2015
 
December 31, 2014
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Intangibles
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Intangibles
Customer relationships
$
157.4

 
$
(45.3
)
 
$
112.1

 
$
83.1

 
$
(38.3
)
 
$
44.8

Proprietary technology
54.9

 
(12.7
)
 
42.2

 
28.1

 
(9.9
)
 
18.2

Patents and other
8.6

 
(6.6
)
 
2.0

 
15.2

 
(13.1
)
 
2.1

Finite-lived intangible total
220.9

 
(64.6
)
 
156.3

 
126.4

 
(61.3
)
 
65.1

Indefinite-lived intangibles
30.9

 

 
30.9

 
26.3

 

 
26.3

Other Intangible Assets
$
251.8

 
$
(64.6
)
 
$
187.2

 
$
152.7

 
$
(61.3
)
 
$
91.4

Changes in Carrying Amount of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 by segment are as follows:
 
Industrial
Process
 
Motion
Technologies
 
Interconnect
Solutions
 
Control
Technologies
 
Total
Goodwill - December 31, 2013
$
351.0

 
$
49.8

 
$
73.9

 
$
185.1

 
$
659.8

Goodwill acquired
1.2

 

 

 

 
1.2

Foreign currency
(20.3
)
 
(5.9
)
 
(2.7
)
 

 
(28.9
)
Goodwill - December 31, 2014
$
331.9

 
$
43.9

 
$
71.2

 
$
185.1

 
$
632.1

Goodwill acquired

 
161.6

 

 
13.3

 
174.9

Allocated to divestiture

 

 

 
(2.7
)
 
(2.7
)
Foreign currency
(19.3
)
 
(4.5
)
 
(2.2
)
 

 
(26.0
)
Goodwill - December 31, 2015
$
312.6

 
$
201.0

 
$
69.0

 
$
195.7

 
$
778.3

Estimated Amortization Expense Related to Intangible Assets
Amortization expense related to intangible assets for 2015, 2014 and 2013 was $14.0, $11.1 and $17.6, respectively. Estimated amortization expense for each of the five succeeding years is as follows:
Year
Estimated
Amortization
Expense
2016
$
20.2

2017
18.6

2018
17.4

2019
17.2

2020
17.2

Thereafter
65.7

Acquired Intangibles [Member]  
Finite-Lived Intangible Assets [Line Items]  
Other Intangible Assets
The preliminary fair value of intangible assets and their respective weighted average lives with respect to the acquisition of Wolverine and Hartzell Aerospace during 2015 are as follows:
 
Hartzell Aerospace
 
Wolverine
 
Fair Value Acquired
 
Useful Life
(in Years)
 
Fair Value Acquired
 
Useful Life
(in Years)
Customer relationships
$
16.9

 
20

 
$
62.0

 
8

Proprietary technology
9.6

 
20

 
20.0

 
10

Backlog
1.9

 
1

 

 

Brand and trademarks
0.2

 
1

 

 

Indefinite-lived trade name

 

 
7.0

 

Total
$
28.6

 
 
 
$
89.0