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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
GOODWILL AND OTHER INTANGIBLE ASSETS, NET
Goodwill
The following table provides a rollforward of the carrying amount of goodwill for the nine months ended September 30, 2020 by segment. 
Motion
Technologies
Industrial
Process
Connect & Control
Technologies
Total
Goodwill - December 31, 2019
$293.6 $354.1 $279.5 $927.2 
Adjustments to purchase price allocations
— (2.5)— (2.5)
Foreign exchange translation0.5 3.2 0.5 4.2 
Goodwill - September 30, 2020
$294.1 $354.8 $280.0 $928.9 
Adjustments to purchase price allocations is related to our 2019 acquisition of Rheinhütte Pumpen Group (Rheinhütte). Refer to Note 20, Acquisitions, for additional information.
Other Intangible Assets, Net 
Information regarding our other intangible assets is as follows:
September 30, 2020December 31, 2019
Gross
Carrying
Amount
Accumulated AmortizationNet IntangiblesGross
Carrying
Amount
Accumulated AmortizationNet Intangibles
Customer relationships$162.3 $(98.2)$64.1 $176.3 $(99.6)$76.7 
Proprietary technology46.3 (22.3)24.0 58.4 (28.1)30.3 
Patents and other10.5 (8.4)2.1 21.8 (13.0)8.8 
Finite-lived intangible total219.1 (128.9)90.2 256.5 (140.7)115.8 
Indefinite-lived intangibles22.0  22.0 22.2 — 22.2 
Other intangible assets$241.1 $(128.9)$112.2 $278.7 $(140.7)$138.0 
As a result of the global COVID-19 pandemic combined with a decline in the upstream oil and gas market, during the first quarter of 2020, we determined that certain intangible assets within the IP segment including an indefinite-lived trademark, customer relationships and proprietary technology, would not be recoverable resulting in an impairment of $12.3. Significant additional adverse changes to the economic environment and future cash flows of other businesses could cause us to record additional impairment charges in future periods, which may be material. In addition, during the first quarter of 2020, we reclassified a trademark intangible asset with a net book value of $5.5, previously included within patents and other, to indefinite-lived intangibles as we suspended our company re-branding project.
Amortization expense related to finite-lived intangible assets was $4.4 and $5.3, and $13.4 and $13.3 for the three and nine months ended September 30, 2020 and 2019, respectively. Estimated amortization expense for each of the five succeeding years is as follows:
2020$4.2 
202116.3 
202216.2 
202314.4 
20249.0 
20257.9 
Thereafter22.2