Goodwill and Other Identifiable Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 by reportable segment were as follows:

In millions	December 31, 2019		Acquisitions/ divestitures		Purchase accounting adjustments		Foreign  currency translation		December 31, 2020
Consumer Solutions	$	1,501.4	$	51.9	$	14.4	$	12.8	$	1,580.5
Industrial & Flow Technologies	756.9		—		—		54.8		811.7
Total goodwill	$	2,258.3	$	51.9	$	14.4	$	67.6	$	2,392.2

In millions	December 31, 2018		Acquisitions/ divestitures		Foreign currency translation		December 31, 2019
Consumer Solutions	$	1,302.8	$	201.8	$	(3.2)	$	1,501.4
Industrial & Flow Technologies	769.9		—		(13.0)		756.9
Total goodwill	$	2,072.7	$	201.8	$	(16.2)	$	2,258.3

Identifiable Intangible Assets

Identifiable intangible assets consisted of the following at December 31:

	2020						2019
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Customer relationships	$	435.9	$	(308.1)	$	127.8	$	418.1	$	(269.1)	$	149.0
Proprietary technology and patents	46.9		(29.4)		17.5		42.3		(25.5)		16.8
Total finite-life intangibles	482.8		(337.5)		145.3		460.4		(294.6)		165.8
Indefinite-life intangibles
Trade names	180.6		—		180.6		173.4		—		173.4
Total intangibles	$	663.4	$	(337.5)	$	325.9	$	633.8	$	(294.6)	$	339.2

Estimated Future Amortization Expense for Identifiable Intangible Assets

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

In millions	2021		2022		2023		2024		2025
Estimated amortization expense	$	23.9	$	16.6	$	13.9	$	13.3	$	13.3