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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

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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)

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Foreign currency translation

​

 

(5.4)

​

 

(9.1)

​

 

(12.1)

​

 

(26.6)

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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

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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.