XML 77 R59.htm IDEA: XBRL DOCUMENT v3.20.4
Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 by segment are as follows:
Motion
Technologies
Industrial
Process
Connect & Control
Technologies
Total
Goodwill - December 31, 2018$294.5 $315.8 $265.6 $875.9 
Goodwill acquired— 40.1 14.3 54.4 
Foreign currency(0.9)(1.8)(0.4)(3.1)
Goodwill - December 31, 2019$293.6 $354.1 $279.5 $927.2 
Adjustments to purchase price allocations— (2.5)— (2.5)
Foreign currency4.5 13.8 1.8 20.1 
Goodwill - December 31, 2020$298.1 $365.4 $281.3 $944.8 
Finite-Lived Intangible Assets [Line Items]  
Other Intangible Assets
Information regarding our other intangible assets is as follows:
 December 31, 2020December 31, 2019
Gross
Carrying
Amount
Accumulated
Amortization
Net
Intangibles
Gross
Carrying
Amount
Accumulated
Amortization
Net
Intangibles
Customer relationships$163.3 $(101.7)$61.6 $176.3 $(99.6)$76.7 
Proprietary technology46.7 (23.4)23.3 58.4 (28.1)30.3 
Patents and other16.2 (11.5)4.7 21.8 (13.0)8.8 
Finite-lived intangible total226.2 (136.6)89.6 256.5 (140.7)115.8 
Indefinite-lived intangibles16.8  16.8 22.2 — 22.2 
Other Intangible Assets$243.0 $(136.6)$106.4 $278.7 $(140.7)$138.0 
Estimated Amortization Expense Related to Intangible Assets
Amortization expense related to intangible assets for 2020, 2019 and 2018 was $20.4, $20.8 and $17.6, respectively. Estimated amortization expense for each of the five succeeding years is as follows:
202119.0 
202216.2 
202314.5 
20249.0 
20257.9 
Thereafter23.0