Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 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	(0.3)		(21.8)		(42.2)		(0.1)		(64.4)
Disposal on sale of business	—		(22.3)		—		—		(22.3)
Balance as of September 30, 2022	$	202.2	$	305.3	$	818.4	$	171.2	$	1,497.1

Changes To Intangible Assets

Changes to intangible assets are as follows:

(in millions)	Nine Months Ended September 30, 2022		Year Ended December 31, 2021
Balance at beginning of period, net of accumulated amortization	$	467.1	$	520.3
Amortization expense	(31.4)		(44.5)
Currency translation and other	(15.8)		(8.7)
Balance at end of period, net of accumulated amortization	$	419.9	$	467.1

Summary Of Intangible Assets

A summary of intangible assets follows:

		September 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	15.0	$	132.3	$	57.9	$	74.4	$	136.8	$	59.2	$	77.6
Customer relationships and backlog	18.4	622.1		314.0		308.1		651.7		308.8		342.9
Drawings	40.0	11.1		10.7		0.4		11.1		10.6		0.5
Other	11.7	136.3		99.3		37.0		142.1		96.0		46.1
Total	17.9	$	901.8	$	481.9	$	419.9	$	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	$	10.4
2023	40.7
2024	40.0
2025	34.8
2026	34.6
2027 and after	190.9