Goodwill and Other Intangible Assets (Notes)

12 Months Ended

Dec. 31, 2021

Goodwill and intangible assets [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

Goodwill

Goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values. The changes in the carrying value of goodwill for our reportable segments, IAN and DXTRA, for the years ended December 31, 2021 and 2020 are listed below.

	IAN		DXTRA		Total 1
Balance as of December 31, 2019	$	4,218.1	$	676.3	$	4,894.4
Acquisitions	23.5		0.5		24.0
Foreign currency and other	22.9		4.2		27.1
Balance as of December 31, 2020	$	4,264.5	$	681.0	$	4,945.5
Dispositions	(0.2)		—		(0.2)
Foreign currency and other	(32.7)		(3.9)		(36.6)
Balance as of December 31, 2021	$	4,231.6	$	677.1	$	4,908.7

1For all periods presented, no goodwill impairment charge has been recorded.

See Note 1 for information regarding our annual impairment testing methodology.

Other Intangible Assets

Other intangible assets primarily consist of customer lists and know-how and technology, which have definite lives and are subject to amortization on a straight-line basis with estimated useful lives generally between 7 and 15 years, as well as trade names which have both indefinite and definite lives which are subject to amortization on a straight-line basis with estimated useful lives of 15 years. Amortization expense for other intangible assets for the years ended December 31, 2021, 2020 and 2019 was $86.2, $85.9 and $86.0, respectively. There were no material impairment charges on other intangibles for the years ended December 31, 2021, 2020 and 2019. During 2021 and 2020, we recorded approximately $2.0 and $4.0, respectively, of other intangible assets related to our acquisitions.

The following table provides a summary of other intangible assets, which are included in our Consolidated Balance Sheets.

	December 31,
	2021						2020
	Gross Amount		Accumulated Amortization		Net Amount		Gross Amount		Accumulated Amortization		Net Amount
Customer lists	$	855.7	$	(345.0)	$	510.7	$	859.5	$	(293.3)	$	566.2
Know-how and technology	235.3		(85.0)		150.3		235.4		(58.9)		176.5
Trade names	222.8		(47.3)		175.5		224.4		(44.1)		180.3
Other	16.2		(5.2)		11.0		14.6		(4.0)		10.6
Total 1	$	1,330.0	$	(482.5)	$	847.5	$	1,333.9	$	(400.3)	$	933.6

1Total gross amount includes indefinite-lived intangible assets not subject to amortization of $165.7 and $165.8 in the year ended December 31, 2021 and 2020, respectively, which primarily consist of trade names.

The estimated annual amortization expense for other intangible assets for the next five years as of December 31, 2021 is listed below.

	2022		2023		2024		2025		2026
Estimated amortization expense	$	84.6	$	79.4	$	77.1	$	74.5	$	72.0