Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

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, 2019		Purchase Accounting Adjustments		Acquisitions		Foreign currency  translation/other		September 30, 2020
Consumer Solutions	$	1,501.4	$	14.4	$	25.8	$	6.4	$	1,548.0
Industrial & Flow Technologies	756.9		—		—		24.7		781.6
Total goodwill	$	2,258.3	$	14.4	$	25.8	$	31.1	$	2,329.6

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	September 30, 2020						December 31, 2019
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Customer relationships	$	426.1	$	(294.6)	$	131.5	$	418.1	$	(269.1)	$	149.0
Proprietary technology and patents	42.9		(28.1)		14.8		42.3		(25.5)		16.8
Total definite-life intangibles	469.0		(322.7)		146.3		460.4		(294.6)		165.8
Indefinite-life intangibles
Trade names	177.0		—		177.0		173.4		—		173.4
Total intangibles	$	646.0	$	(322.7)	$	323.3	$	633.8	$	(294.6)	$	339.2

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2020 and the next five years is as follows:

	Q4
In millions	2020		2021		2022		2023		2024		2025
Estimated amortization expense	$	6.7	$	23.0	$	15.9	$	13.3	$	12.7	$	12.7