Other Assets Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Finite-Lived Intangible Assets [Line Items]

Schedule of Finite-Lived Intangible Assets [Table Text Block]

Intangible assets are summarized as follows:

	September 30, 2021		December 31, 2020
Intangible assets
Patents	$	2.0	$	2.0
Favorable leasehold interests	2.8		2.8
Developed technology asset(1)	92.0		94.0
Customer relationships intangible asset(2)	137.2		124.1
Total intangible assets	$	234.0	$	222.9
Less: Accumulated amortization - patents	(2.0)		(2.0)
Accumulated amortization - favorable leasehold interest	(1.9)		(1.8)
Accumulated amortization - developed technology asset	(7.3)		(2.6)
Accumulated amortization - customer relationship	(6.6)		(1.3)
Intangible assets, net	$	216.2	$	215.2

(1) The acquisition of Fiber Materials Inc. on January 10, 2020 resulted in the establishment of a $30.0 intangible asset for developed technology. The Bombardier Acquisition resulted in the establishment of a $64.0 intangible asset for developed technology reported at December 31, 2020, which was subsequently adjusted to $62.0 related to the goodwill adjustment described above.

(2) The Bombardier Acquisition resulted in the establishment of a $124.1 intangible asset for customer relationships, which has been adjusted to $131.0 related to the goodwill adjustment described above. The acquisition of Applied on April 26, 2021 resulted in the establishment of a $6.9 intangible asset for customer relationships which has been adjusted to $6.2 related to the goodwill adjustment described above. See also Note 24, Acquisitions.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The amortization for each of the five succeeding years relating to intangible assets currently recorded in the Condensed Consolidated Balance Sheets and the weighted average amortization is estimated to be the following as of September 30, 2021:

Year	Customer relationships		Favorable leasehold interest		Developed Technology		Total
remaining in 2021	$	2.3	$	—	$	1.5	$	3.8
2022	8.1		0.1		6.1		14.3
2023	8.1		0.1		6.1		14.3
2024	8.1		0.1		6.1		14.3
2025	8.1		0.1		6.1		14.3
2026	8.1		0.1		6.1		14.3
Weighted average amortization period	16.7 years		7.9 years		13.8 years		15.5 years