XML 14 R12.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Intangible Assets, net
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, net Goodwill and Intangible Assets, net
 

Changes in the carrying values of goodwill for the nine months ended September 30, 2019, were as follows (in millions):
 
Segment
 

 
Electrical

Power

Total

BALANCE DECEMBER 31, 2018
$
714.1

$
1,070.3

$
1,784.4

Current year acquisitions
4.7


4.7

Dispositions (Note 3 - Business Acquisitions and Dispositions)
(3.1
)

(3.1
)
Foreign currency translation
(1.2
)
(3.4
)
(4.6
)
BALANCE SEPTEMBER 30, 2019
$
714.5

$
1,066.9

$
1,781.4


 
The carrying value of other intangible assets included in Intangible assets, net in the Condensed Consolidated Balance Sheets is as follows (in millions):
 
September 30, 2019
December 31, 2018
 
Gross Amount

Accumulated
Amortization

Gross Amount

Accumulated
Amortization

Definite-lived:
 

 

 

 

Patents, tradenames and trademarks
$
201.2

$
(62.6
)
$
204.4

$
(58.6
)
Customer/agent relationships and other
827.1

(254.2
)
833.0

(212.6
)
Total
$
1,028.3

$
(316.8
)
$
1,037.4

$
(271.2
)
Indefinite-lived:
 

 

 

 

Tradenames and other
53.5


53.3


TOTAL
$
1,081.8

$
(316.8
)
$
1,090.7

$
(271.2
)

 
Amortization expense associated with definite-lived intangible assets was $53.4 million and $53.2 million for the nine months ended September 30, 2019 and 2018, respectively. Future amortization expense associated with these intangible assets is expected to be $18.1 million for the remainder of 2019, $70.7 million in 2020, $69.0 million in 2021, $63.6 million in 2022, $58.9 million in 2023, and $53.9 million in 2024.