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Goodwill and Other Intangible Assets, Net
 12 Months Ended
Dec. 31, 2021
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 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 currency4.5 13.8 1.8 20.1 
Goodwill - December 31, 2020$298.1 $365.4 $281.3 $944.8 
Foreign currency(5.8)(13.0)(1.7)(20.5)
Goodwill - December 31, 2021$292.3 $352.4 $279.6 $924.3 
Other Intangible Assets, Net
The following table summarizes our other intangible assets, net of accumulated amortization.
 December 31, 2021December 31, 2020
Gross
Carrying
Amount		Accumulated
Amortization		Net
Intangibles		Gross
Carrying
Amount		Accumulated
Amortization		Net
Intangibles
Customer relationships$162.1 $(113.7)$48.4 $163.3 $(101.7)$61.6 
Proprietary technology46.1 (26.9)19.2 46.7 (23.4)23.3 
Trademarks and other15.7 (14.0)1.7 16.2 (11.5)4.7 
Total finite-lived intangibles223.9 (154.6)69.3 226.2 (136.6)89.6 
Indefinite-lived intangibles16.4 — 16.4 16.8 — 16.8 
Other intangible assets$240.3 $(154.6)$85.7 $243.0 $(136.6)$106.4 
As a result of the global COVID-19 pandemic combined with a decline in the upstream oil and gas market, during 2020, we determined that certain intangible assets within our 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.
Customer relationships, proprietary technology and trademarks and other intangible assets are amortized over weighted average lives of approximately 12.6 years, 13.0 years and 6.0 years, respectively. Indefinite-lived intangibles primarily consist of brands and trademarks.
Amortization expense related to intangible assets for 2021, 2020 and 2019 was $18.9, $20.4 and $20.8, respectively. Estimated amortization expense for each of the five succeeding years and thereafter is as follows:
202216.7 
202314.7 
20249.2 
20258.0 
20264.7 
Thereafter16.0