Goodwill and Other Identifiable Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

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, 2021		Purchase Accounting Adjustments		Acquisitions		Foreign  currency  translation		September 30, 2022
Consumer Solutions	$	1,722.5	$	1.4	$	796.7	$	(20.0)	$	2,500.6
Industrial & Flow Technologies	782.0		0.5		—		(80.6)		701.9
Total goodwill	$	2,504.5	$	1.9	$	796.7	$	(100.6)	$	3,202.5

Detail of Identifiable Intangible Assets

Identifiable intangible assets consisted of the following:

	September 30, 2022						December 31, 2021
In millions	Cost		Accumulated amortization		Net		Cost		Accumulated amortization		Net
Definite-life intangibles
Customer relationships	$	1,087.8	$	(285.3)	$	802.5	$	558.8	$	(320.1)	$	238.7
Proprietary technology and patents	91.6		(33.7)		57.9		46.3		(32.1)		14.2
Other	14.4		(7.2)		7.2		—		—		—
Total definite-life intangibles	1,193.8		(326.2)		867.6		605.1		(352.2)		252.9
Indefinite-life intangibles
Trade names	243.1		—		243.1		175.1		—		175.1
Total intangibles	$	1,436.9	$	(326.2)	$	1,110.7	$	780.2	$	(352.2)	$	428.0

Estimated Future Amortization Expense for Identifiable Intangible Assets

Estimated future amortization expense for identifiable intangible assets during the remainder of 2022 and the next five years is as follows:

	Q4
	2022		2023		2024		2025		2026		2027
Estimated amortization expense	$	20.9	$	54.6	$	54.1	$	54.1	$	52.8	$	51.6