XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Goodwill and Other Identifiable Intangible Assets
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Identifiable Intangible Assets
Goodwill and Other Identifiable Intangible Assets
The changes in the carrying amount of goodwill by reportable segment were as follows:
In millions
December 31,
2018
Acquisitions
Foreign currency 
translation/other 
March 31,
2019
Aquatic Systems
$
965.9

$
—

$
(0.6
)
$
965.3

Filtration Solutions
643.5

216.5

(4.5
)
855.5

Flow Technologies
463.3

—

(1.1
)
462.2

Total goodwill
$
2,072.7

$
216.5

$
(6.2
)
$
2,283.0


Identifiable intangible assets consisted of the following:
 
March 31,
2019
 
December 31,
2018
In millions
Cost
Accumulated
amortization
Net
 
Cost
Accumulated
amortization
Net
Definite-life intangibles
 
 
 
 
 
 
 
Customer relationships
$
424.6

$
(253.3
)
$
171.3

 
$
347.1

$
(247.9
)
$
99.2

Trade names
0.4

(0.4
)
—

 
0.4

(0.4
)
—

Proprietary technology and patents
85.5

(69.6
)
15.9

 
86.2

(68.4
)
17.8

Total definite-life intangibles
510.5

(323.3
)
187.2

 
433.7

(316.7
)
117.0

Indefinite-life intangibles
 
 
 
 
 
 
 
Trade names
174.3

—

174.3

 
159.3

—

159.3

Total intangibles
$
684.8

$
(323.3
)
$
361.5

 
$
593.0

$
(316.7
)
$
276.3


Identifiable intangible asset amortization expense $8.2 million and $9.3 million for the three months ended March 31, 2019 and 2018, respectively.
Estimated future amortization expense for identifiable intangible assets during the remainder of 2019 and the next five years is as follows:
 
Q2-Q4
 
 
 
 
 
In millions
2019
2020
2021
2022
2023
2024
Estimated amortization expense
$
23.4

$
27.5

$
22.4

$
15.3

$
13.0

$
12.4