Goodwill and Purchased Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The following table presents changes in goodwill during the three months ended March 31, 2023 (in millions):

	Access		Defense		Vocational		Total
Net goodwill at December 31, 2022	$	865.8	$	44.4	$	131.8	$	1,042.0
Foreign currency translation		1.7		—		—		1.7
Acquisition		85.5		—		—		85.5
Net goodwill at March 31, 2023	$	953.0	$	44.4	$	131.8	$	1,129.2

Schedule of Company's Goodwill Allocated to the Reportable Segments

The following table presents details of the Company’s goodwill allocated to the reportable segments (in millions):

	March 31, 2023							December 31, 2022
	Gross		Accumulated Impairment			Net		Gross		Accumulated Impairment			Net
Access	$	1,885.1	$	(932.1	)	$	953.0	$	1,797.9	$	(932.1	)	$	865.8
Defense		44.4		—			44.4		44.4		—			44.4
Vocational		301.2		(169.4	)		131.8		303.5		(171.7	)		131.8
	$	2,230.7	$	(1,101.5	)	$	1,129.2	$	2,145.8	$	(1,103.8	)	$	1,042.0

Schedule of Purchased Intangible Assets

Details of the Company’s total purchased intangible assets are as follows (in millions):

	March 31, 2023
	Weighted- Average Life		Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Distribution network		39.2	$	55.3	$	(37.3	)	$	18.0
Technology-related		11.7		137.7		(102.4	)		35.3
Customer relationships		12.5		601.8		(559.2	)		42.6
Other		10.3		44.2		(16.9	)		27.3
		14.0		839.0		(715.8	)		123.2
Non-amortizable trade names				412.9		—			412.9
			$	1,251.9	$	(715.8	)	$	536.1

	December 31, 2022
	Weighted- Average Life		Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Distribution network		39.2	$	55.3	$	(37.0	)	$	18.3
Technology-related		12.0		108.3		(104.4	)		3.9
Customer relationships		12.6		576.6		(557.3	)		19.3
Other		10.9		50.2		(22.1	)		28.1
		14.2		790.4		(720.8	)		69.6
Non-amortizable trade names				387.4		—			387.4
			$	1,177.8	$	(720.8	)	$	457.0