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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill and other intangible assets, net of accumulated amortization, as of June 30, 2024 and December 31, 2023 were as follows (in millions):
June 30, 2024December 31, 2023
Goodwill$395.7 $394.4 
Other intangible assets, net564.5 512.0 
Total goodwill and other intangible assets, net$960.2 $906.4 
The changes in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2024 and 2023 were as follows (in millions):
Off RoadOn RoadMarineTotal
Balance as of December 31, 2023$116.6 $50.7 $227.1 $394.4 
Goodwill acquired and related adjustments0.4 — 3.5 3.9 
Currency translation effect on foreign goodwill balances(0.5)(2.1)— (2.6)
Balance as of June 30, 2024$116.5 $48.6 $230.6 $395.7 

Off RoadOn RoadMarineTotal
Balance as of December 31, 2022$110.7 $48.4 $227.1 $386.2 
Currency translation effect on foreign goodwill balances(0.1)1.3 — 1.2 
Balance as of June 30, 2023$110.6 $49.7 $227.1 $387.4 
The components of other intangible assets were as follows ($ in millions):
June 30, 2024
Weighted-average useful life (years)CostAccumulated amortizationNet
Amortizable - dealer/customer related19$341.2 $(106.1)$235.1 
Amortizable - developed technology1062.7 (1.0)61.7 
Non-amortizable - brand/trade names267.7 — 267.7 
Total other intangible assets, net18$671.6 $(107.1)$564.5 
December 31, 2023
Weighted-average useful life (years)CostAccumulated amortizationNet
Amortizable - dealer/customer related19$341.2 $(97.2)$244.0 
Non-amortizable - brand/trade names268.0 — 268.0 
Total other intangible assets, net$609.2 $(97.2)$512.0 
The Company acquired certain developed technology assets during the second quarter of 2024, which resulted in the recording of a developed technology intangible asset for $62.7 million that is being amortized over an expected useful life of 10 years. Consideration for the assets is being paid in monthly amounts through September 2024. A discounted payable of $14.8 million is included in the consolidated balance sheets as of June 30, 2024.
Amortization expense for other intangible assets was $5.4 million and $4.5 million for the three months ended June 30, 2024 and 2023, respectively, and $9.9 million and $8.9 million for the six months ended June 30, 2024 and 2023, respectively.
Estimated future amortization expense for identifiable other intangible assets during the next five years is as follows (in millions):
Remainder 202420252026202720282029
Estimated amortization expense$12.0 $23.9 $23.9 $23.9 $23.9 $23.9 
The preceding expected amortization expense is an estimate and actual amounts could differ due to additional other intangible asset acquisitions, changes in foreign currency rates, or impairments of other intangible assets.