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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in goodwill by reportable segment

The changes in the carrying amount of goodwill for the year ended December 31, 2017 and the six months ended June 30, 2018 are as follows:

 

($ in millions)

 

Cranes

 

 

Americas

 

 

EURAF

 

 

MEAP

 

Balance as of January 1, 2017

 

$

299.6

 

 

$

 

 

$

 

 

$

 

Foreign currency impact

 

 

16.5

 

 

 

 

 

 

 

 

 

 

Reallocation of goodwill at October 31, 2017

 

 

(316.1

)

 

 

166.5

 

 

 

81.5

 

 

 

68.1

 

Foreign currency impact

 

 

 

 

 

 

 

 

4.4

 

 

 

0.8

 

Balance as of December 31, 2017

 

 

 

 

 

166.5

 

 

 

85.9

 

 

 

68.9

 

Foreign currency impact

 

 

 

 

 

 

 

 

(2.2

)

 

 

(1.3

)

Balance as of June 30, 2018

 

$

 

 

$

166.5

 

 

$

83.7

 

 

$

67.6

 

 

Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill

The gross carrying amount, accumulated amortization and net book value of the Company’s intangible assets other than goodwill at June 30, 2018 and December 31, 2017 are as follows:

 

 

 

June 30, 2018

 

 

December 31, 2017

 

($ in millions)

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Book

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Book

Value

 

Trademarks and tradenames

 

$

97.7

 

 

$

 

 

$

97.7

 

 

$

99.7

 

 

$

 

 

$

99.7

 

Customer relationships

 

 

10.2

 

 

 

(8.4

)

 

 

1.8

 

 

 

10.7

 

 

 

(8.7

)

 

 

2.0

 

Patents

 

 

30.2

 

 

 

(29.2

)

 

 

1.0

 

 

 

30.6

 

 

 

(29.7

)

 

 

0.9

 

Engineering drawings

 

 

10.7

 

 

 

(10.6

)

 

 

0.1

 

 

 

10.8

 

 

 

(10.7

)

 

 

0.1

 

Distribution network

 

 

19.2

 

 

 

(0.1

)

 

 

19.1

 

 

 

19.5

 

 

 

(0.1

)

 

 

19.4

 

Other intangibles

 

 

0.1

 

 

 

(0.1

)

 

 

 

 

 

0.1

 

 

 

(0.1

)

 

 

 

Total

 

$

168.1

 

 

$

(48.4

)

 

$

119.7

 

 

$

171.4

 

 

$

(49.3

)

 

$

122.1