XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Goodwill and Other Identifiable Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill by Segment
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
Detail of Identifiable Intangible Assets
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
Estimated Future Amortization Expense for Identifiable Intangible Assets
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