Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

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:

	Harsh				Interconnect
	Environment		Communications		and Sensor
	Solutions		Solutions		Systems		Total
Goodwill at December 31, 2021	$	1,663.7	$	2,950.1	$	1,763.0	$	6,376.8
Acquisition-related		(1.1)		3.4		(3.4)		(1.1)
Foreign currency translation		(5.4)		(9.1)		(12.1)		(26.6)
Goodwill at March 31, 2022	$	1,657.2	$	2,944.4	$	1,747.5	$	6,349.1

Other than goodwill noted above, the Company’s intangible assets as of March 31, 2022 and December 31, 2021 were as follows:

		March 31, 2022						December 31, 2021
	Weighted	Gross				Net		Gross				Net
	Average	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Life (years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Customer relationships	10	$	635.4	$	368.7	$	266.7	$	637.2	$	357.5	$	279.7
Proprietary technology	13		311.0		107.6		203.4		311.1		102.2		208.9
Backlog and other	1		74.9		74.7		0.2		74.9		74.7		0.2
Total intangible assets (definite-lived)	10		1,021.3		551.0		470.3		1,023.2		534.4		488.8
Trade names (indefinite-lived)			268.1				268.1		268.1				268.1
		$	1,289.4	$	551.0	$	738.4	$	1,291.3	$	534.4	$	756.9

Amortization expense for the three months ended March 31, 2022 and 2021 was approximately $18.0 and $12.3, respectively. As of March 31, 2022, amortization expense relating to the Company’s current intangible assets estimated for the remainder of 2022 is approximately $49.9 and for each of the next five fiscal years is approximately $64.6 in 2023, $59.0 in 2024, $49.7 in 2025, $47.9 in 2026 and $41.2 in 2027.