Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying amount of goodwill by business segment were as follows:

(In millions)	JBT FoodTech		JBT AeroTech		Total
Balance as of December 31, 2020	$	505.7	$	38.2	$	543.9
Acquisitions	128.6		—		128.6
Currency translation	(7.6)		(0.1)		(7.7)
Balance as of September 30, 2021	$	626.7	$	38.1	$	664.8

Intangible assets consisted of the following:

	September 30, 2021				December 31, 2020
(In millions)	Gross carrying amount		Accumulated amortization		Gross carrying amount		Accumulated amortization
Customer relationship	$	298.7	$	96.7	$	256.9	$	82.8
Patents and acquired technology	169.6		78.4		151.3		65.2
Trademarks	45.5		14.8		44.8		16.8
Non-amortizing intangible assets	10.6		—		10.8		—
Other	8.8		8.7		9.4		9.3
Total intangible assets	$	533.2	$	198.6	$	473.2	$	174.1