Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

The following table provides a rollforward of the carrying amount of our goodwill by segment.

	Motion Technologies		Industrial Process		Connect & Control Technologies		Total
Goodwill as of December 31, 2020	$	298.1	$	365.4	$	281.3	$	944.8
Foreign currency	(5.8)		(13.0)		(1.7)		(20.5)
Goodwill as of December 31, 2021	$	292.3	$	352.4	$	279.6	$	924.3
Goodwill acquired	—		62.9		0.3		63.2
Foreign currency	(4.6)		(16.6)		(1.5)		(22.7)
Goodwill as of December 31, 2022	$	287.7	$	398.7	$	278.4	$	964.8

Other Intangible Assets

The following table summarizes our other intangible assets, net of accumulated amortization.

	2022						2021
As of December 31	Gross Carrying Amount		Accumulated Amortization		Net Intangibles		Gross Carrying Amount		Accumulated Amortization		Net Intangibles
Customer relationships	$	191.5	$	(127.1)	$	64.4	$	162.1	$	(113.7)	$	48.4
Proprietary technology	59.2		(30.8)		28.4		46.1		(26.9)		19.2
Trademarks and other	17.6		(16.6)		1.0		15.7		(14.0)		1.7
Total finite-lived intangibles	268.3		(174.5)		93.8		223.9		(154.6)		69.3
Indefinite-lived intangibles	19.0		—		19.0		16.4		—		16.4
Other intangible assets	$	287.3	$	(174.5)	$	112.8	$	240.3	$	(154.6)	$	85.7

Estimated Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets for 2022, 2021 and 2020 was $20.8, $18.9, and $20.4, respectively. Estimated amortization expense for each of the five succeeding years and thereafter is as follows:

2023	19.6
2024	14.1
2025	13.3
2026	9.5
2027	8.1
Thereafter	29.2