Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2022

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, 2021	$	646.7	$	38.1	$	684.8
Acquisitions	1.3		—		1.3
Currency translation	(4.1)		(0.1)		(4.2)
Balance as of March 31, 2022	$	643.9	$	38.0	$	681.9

Intangible assets consisted of the following:

	March 31, 2022				December 31, 2021
(In millions)	Gross carrying amount		Accumulated amortization		Gross carrying amount		Accumulated amortization
Customer relationship	$	307.3	$	107.1	$	309.3	$	102.0
Patents and acquired technology	171.6		85.1		174.5		82.0
Trademarks	47.4		15.5		47.2		15.0
Non-amortizing intangible assets	10.5		—		10.6		—
Other	8.7		8.7		8.7		8.7
Total intangible assets	$	545.5	$	216.4	$	550.3	$	207.7