Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

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, 2020		Purchase Accounting Adjustments		Acquisitions		Foreign currency  translation/other		September 30, 2021
Consumer Solutions	$	1,580.5	$	(1.2)	$	29.0	$	(6.0)	$	1,602.3
Industrial & Flow Technologies	811.7		—		—		(27.5)		784.2
Total goodwill	$	2,392.2	$	(1.2)	$	29.0	$	(33.5)	$	2,386.5

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	September 30, 2021						December 31, 2020
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Customer relationships	$	465.3	$	(318.0)	$	147.3	$	435.9	$	(308.1)	$	127.8
Proprietary technology and patents	46.6		(31.4)		15.2		46.9		(29.4)		17.5
Total definite-life intangibles	511.9		(349.4)		162.5		482.8		(337.5)		145.3
Indefinite-life intangibles
Trade names	177.1		—		177.1		180.6		—		180.6
Total intangibles	$	689.0	$	(349.4)	$	339.6	$	663.4	$	(337.5)	$	325.9

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2021 and the next five years is as follows:

	Q4
	2021		2022		2023		2024		2025		2026
Estimated amortization expense	$	5.8	$	17.6	$	15.4	$	14.9	$	14.9	$	13.5