Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 were as follows:

	Mobile Industries		Process Industries		Total
Beginning balance	$	371.7	$	651.0	$	1,022.7
Acquisitions	—		39.2		39.2
Foreign currency translation adjustments and other changes	(33.8)		(49.0)		(82.8)
Ending balance	$	337.9	$	641.2	$	979.1

Schedule of Finite-Lived Intangible Assets

The following table displays intangible assets as of September 30, 2022 and December 31, 2021:

	Balance at September 30, 2022						Balance at December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships	$	459.4	$	(172.0)	$	287.4	$	518.1	$	(189.3)	$	328.8
Technology and know-how	230.7		(74.2)		156.5		270.7		(86.6)		184.1
Trade names	18.5		(7.3)		11.2		14.3		(9.6)		4.7
Capitalized software	283.6		(264.3)		19.3		280.0		(261.3)		18.7
Other	3.1		(2.4)		0.7		4.7		(3.6)		1.1
	$	995.3	$	(520.2)	$	475.1	$	1,087.8	$	(550.4)	$	537.4
Intangible assets not subject to amortization:
Trade names	$	110.9			$	110.9	$	122.7			$	122.7
FAA air agency certificates	8.7				8.7		8.7				8.7
	$	119.6			$	119.6	$	131.4			$	131.4
Total intangible assets	$	1,114.9	$	(520.2)	$	594.7	$	1,219.2	$	(550.4)	$	668.8

Schedule of Indefinite-Lived Intangible Assets

The following table displays intangible assets as of September 30, 2022 and December 31, 2021:

	Balance at September 30, 2022						Balance at December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships	$	459.4	$	(172.0)	$	287.4	$	518.1	$	(189.3)	$	328.8
Technology and know-how	230.7		(74.2)		156.5		270.7		(86.6)		184.1
Trade names	18.5		(7.3)		11.2		14.3		(9.6)		4.7
Capitalized software	283.6		(264.3)		19.3		280.0		(261.3)		18.7
Other	3.1		(2.4)		0.7		4.7		(3.6)		1.1
	$	995.3	$	(520.2)	$	475.1	$	1,087.8	$	(550.4)	$	537.4
Intangible assets not subject to amortization:
Trade names	$	110.9			$	110.9	$	122.7			$	122.7
FAA air agency certificates	8.7				8.7		8.7				8.7
	$	119.6			$	119.6	$	131.4			$	131.4
Total intangible assets	$	1,114.9	$	(520.2)	$	594.7	$	1,219.2	$	(550.4)	$	668.8