Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Note 12—Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill by segment were as follows:

	Interconnect		Cable
	Products and		Products and
	Assemblies		Solutions		Total
Goodwill at December 31, 2019	$	4,710.0	$	157.1	$	4,867.1
Acquisition-related		20.5		0.5		21.0
Foreign currency translation		(21.1)		—		(21.1)
Goodwill at June 30, 2020	$	4,709.4	$	157.6	$	4,867.0

Other than goodwill noted above, the Company’s intangible assets as of June 30, 2020 and December 31, 2019 were as follows:

		June 30, 2020						December 31, 2019
	Weighted	Gross				Net		Gross				Net
	Average	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Life (years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Customer relationships	9	$	445.0	$	290.0	$	155.0	$	446.2	$	272.2	$	174.0
Proprietary technology	11		156.0		81.2		74.8		156.0		74.4		81.6
Backlog and other	2		49.7		49.4		0.3		49.7		49.4		0.3
Total intangible assets (definite-lived)	9		650.7		420.6		230.1		651.9		396.0		255.9
Trade names (indefinite-lived)			186.1				186.1		186.1				186.1
		$	836.8	$	420.6	$	416.2	$	838.0	$	396.0	$	442.0

Amortization expense for the three months ended June 30, 2020 and 2019 was approximately $12.5 and $15.6, respectively. Amortization expense for the six months ended June 30, 2020 and 2019 was approximately $25.4 and $40.4, respectively. Amortization expense during the three and six months ended June 30, 2019 included $3.2 and $15.7, respectively, related to the amortization of acquired backlog, primarily related to the SSI acquisition. As of June 30, 2020, amortization expense relating to the Company’s current intangible assets estimated for the remainder of 2020 is approximately $23.9 and for each of the next five fiscal years is approximately $44.7 in 2021, $37.4 in 2022, $34.6 in 2023, $29.0 in 2024 and $20.2 in 2025.