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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
For purposes of performing our goodwill impairment analysis, we have identified our reporting units as North America, Latin America, Coatings, EMEA and APAC. We perform an analysis of qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the quantitative goodwill impairment test. Based on our analysis, we determined that there was no goodwill impairment as of December 31, 2019 and 2018.
The changes in the carrying amount of Goodwill are as follows:
 
Goodwill
 
Accumulated
Impairment
Losses
 
Total
Balance as of December 31, 2017
$
227.2

 
$
(41.2
)
 
$
186.0

Additions
—

 
—

 
—

Purchase accounting adjustments
4.6

 
—

 
4.6

Foreign currency fluctuations
(10.1
)
 
2.2

 
(7.9
)
Balance as of December 31, 2018
$
221.7

 
$
(39.0
)
 
$
182.7

Additions
15.6

 
—

 
15.6

Foreign currency fluctuations
(2.2
)
 
(1.0
)
 
(3.2
)
Balance as of December 31, 2019
$
235.1

 
$
(40.0
)
 
$
195.1


The balances of acquired Intangible Assets, excluding Goodwill, are as follows:
 
Customer Lists
 
Trade
Names
 
Technology
 
Total
Balance as of December 31, 2019
 
 
 
 
 
 
 
Original cost
$
154.1

 
$
31.8

 
$
17.1

 
$
203.0

Accumulated amortization
(49.8
)
 
(8.2
)
 
(7.3
)
 
(65.3
)
Carrying amount
$
104.3

 
$
23.6

 
$
9.8

 
$
137.7

Weighted-average original life (in years)
15

 
11

 
11

 
 

 
 
 
 
 
 
 
 
Balance as of December 31, 2018
 

 
 

 
 

 
 

Original cost
$
143.1

 
$
30.6

 
$
17.4

 
$
191.1

Accumulated amortization
(33.8
)
 
(5.3
)
 
(5.5
)
 
(44.6
)
Carrying amount
$
109.3

 
$
25.3

 
$
11.9

 
$
146.5

Weighted-average original life (in years)
15

 
10

 
10

 
 


The purchase accounting adjustments recorded in 2018 were based on the fair value adjustments related to our acquisition of the IPC Group, as described further in Note 5.
In 2019, as part of our acquisition of Gaomei, we acquired trade names and a customer list with a combined fair value of $15.7 million. Further details regarding the purchase price allocation of Gaomei are described in Note 5.
Amortization expense on Intangible Assets was $22.2 million, $22.1 million and $17.1 million for the years ended December 31, 2019, 2018 and 2017, respectively.
Estimated aggregate amortization expense based on the current carrying amount of amortizable Intangible Assets for each of the five succeeding years is as follows:
2020
$
20.6

2021
19.0

2022
16.9

2023
15.4

2024
13.9

Thereafter
51.9

Total
$
137.7