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Goodwill and Identifiable Intangible Assets
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS
Goodwill
The following table shows changes in the carrying amount of goodwill from December 31, 2019 to June 30, 2020 by reportable segment:
 
 
Performance
Coatings
 
Transportation
Coatings
 
Total
Balance at December 31, 2019
 
$
1,130.9

 
$
78.0

 
$
1,208.9

Foreign currency translation
 
0.2

 
0.2

 
0.4

Balance at June 30, 2020
 
$
1,131.1

 
$
78.2

 
$
1,209.3


Identifiable Intangible Assets
The following tables summarize the gross carrying amounts and accumulated amortization of identifiable intangible assets by major class:
June 30, 2020
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Book
Value
 
Weighted Average
Amortization Periods (years)
Technology
 
$
541.0

 
$
(338.0
)
 
$
203.0

 
10.4
Trademarks - indefinite-lived
 
265.9

 

 
265.9

 
Indefinite
Trademarks - definite-lived
 
98.9

 
(32.8
)
 
66.1

 
15.8
Customer relationships
 
908.1

 
(290.7
)
 
617.4

 
19.0
Other
 
15.2

 
(9.5
)
 
5.7

 
5.0
Total
 
$
1,829.1

 
$
(671.0
)
 
$
1,158.1

 
 
December 31, 2019
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Book
Value
 
Weighted Average
Amortization Periods (years)
Technology
 
$
540.2

 
$
(310.6
)
 
$
229.6

 
10.4
Trademarks—indefinite-lived
 
264.9

 

 
264.9

 
Indefinite
Trademarks—definite-lived
 
99.7

 
(30.1
)
 
69.6

 
15.8
Customer relationships
 
923.8

 
(271.3
)
 
652.5

 
19.1
Other
 
15.2

 
(7.9
)
 
7.3

 
5.0
Total
 
$
1,843.8

 
$
(619.9
)
 
$
1,223.9

 
 

The estimated amortization expense related to the fair value of acquired intangible assets for the remainder of 2020 and each of the succeeding five years is:
Remainder of 2020
 
$
57.5

2021
 
111.7

2022
 
109.6

2023
 
70.2

2024
 
65.4

2025
 
64.7