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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets GOODWILL AND OTHER INTANGIBLE ASSETS
    Changes in the carrying amount of goodwill during the three months ended March 31, 2024 are summarized as follows (in millions):
North AmericaSouth AmericaEurope/Middle EastAsia/Pacific/AfricaConsolidated
Balance as of December 31, 2023$668.2 $93.5 $458.5 $113.2 $1,333.4 
Acquisitions— — 8.7 — 8.7 
Foreign currency translation(0.9)(3.0)(10.0)(2.4)(16.3)
Balance as of March 31, 2024$667.3 $90.5 $457.2 $110.8 $1,325.8 

    Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of October 1st each year.
    Changes in the carrying amount of acquired intangible assets during the three months ended March 31, 2024 are summarized as follows (in millions):
Gross carrying amounts:Trademarks and Trade NamesCustomer RelationshipsPatents and TechnologyLand Use RightsTotal
Balance as of December 31, 2023$194.3 $580.7 $148.2 $6.3 $929.5 
Foreign currency translation(1.8)(4.5)(2.1)(0.1)(8.5)
Balance as of March 31, 2024$192.5 $576.2 $146.1 $6.2 $921.0 
Accumulated amortization:Trademarks and Trade NamesCustomer RelationshipsPatents and TechnologyLand Use RightsTotal
Balance as of December 31, 2023$114.5 $483.4 $113.3 $1.7 $712.9 
Amortization expense2.5 9.1 2.3 — 13.9 
Foreign currency translation(0.9)(3.7)(1.9)(0.1)(6.6)
Balance as of March 31, 2024$116.1 $488.8 $113.7 $1.6 $720.2 
Indefinite-lived intangible assets:Trademarks and Trade Names
Balance as of December 31, 2023$85.9 
Foreign currency translation(0.9)
Balance as of March 31, 2024$85.0 
    
    The Company amortizes certain acquired identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from four to 50 years. Amortization expense related to acquired intangible assets was $13.9 million and $14.8 million for the three months ended March 31, 2024 and 2023, respectively.