Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes To Goodwill

Changes to goodwill are as follows:

(in millions)	Aerospace & Electronics		Process Flow Technologies		Payment & Merchandising Technologies		Engineered Materials		Total
Balance as of December 31, 2021	$	202.5	$	349.4	$	860.6	$	171.3	$	1,583.8
Currency translation	(0.2)		(12.0)		(25.6)		—		(37.8)
Disposal on sale of business	—		(22.3)		—		—		(22.3)
Balance at June 30, 2022	$	202.3	$	315.1	$	835.0	$	171.3	$	1,523.7

Changes To Intangible Assets

Changes to intangible assets are as follows:

(in millions)	Six Months Ended June 30, 2022		Year Ended December 31, 2021
Balance at beginning of period, net of accumulated amortization	$	467.1	$	520.3
Amortization expense	(20.9)		(44.5)
Currency translation and other	(10.4)		(8.7)
Balance at end of period, net of accumulated amortization	$	435.8	$	467.1

Summary Of Intangible Assets

A summary of intangible assets follows:

		June 30, 2022						December 31, 2021
(in millions)	Weighted Average Amortization Period of Finite Lived Assets (in years)	Gross Asset		Accumulated Amortization		Net		Gross Asset		Accumulated Amortization		Net
Intellectual property rights	15.1	$	134.4	$	58.6	$	75.8	$	136.8	$	59.2	$	77.6
Customer relationships and backlog	18.1	633.1		313.6		319.5		651.7		308.8		342.9
Drawings	40	11.1		10.7		0.4		11.1		10.6		0.5
Other	11.8	138.7		98.6		40.1		142.1		96.0		46.1
Total	18.6	$	917.3	$	481.5	$	435.8	$	941.7	$	474.6	$	467.1

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense associated with intangible assets is expected to be:

(in millions)
Remainder of 2022	$	20.9
2023	41.4
2024	40.6
2025	35.3
2026 and after	228.1