Goodwill and Other Intangible Assets

6 Months Ended

Jan. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

The following is a reconciliation of goodwill by reportable segment for the six months ended January 31, 2019 (in millions):

	Engine Products			Industrial Products			Total Goodwill
Balance as of July 31, 2018	$	84.9		$	153.5		$	238.4
Goodwill acquired	—			73.6			73.6
Foreign exchange translation	(0.2		)	(1.3		)	(1.5		)
Balance as of January 31, 2019	$	84.7		$	225.8		$	310.5

The following is a reconciliation of net intangible asset classes for the six months ended January 31, 2019 (in millions):

Customer relationships and lists	Gross Carrying Amount			Accumulated Amortization			Net Intangible Assets
Balance as of July 31, 2018	$	63.0		$	(35.7	)	$	27.3
Intangibles acquired	38.9			—			38.9
Amortization expense	—			(2.6		)	(2.6		)
Foreign exchange translation	(0.5		)	0.2			(0.3		)
Balance as of January 31, 2019	$	101.4		$	(38.1	)	$	63.3

Patents, trademarks and technology
Balance as of July 31, 2018	$	43.7		$	(35.4	)	$	8.3
Intangibles acquired	6.8			—			6.8
Amortization expense	—			(0.9		)	(0.9		)
Foreign exchange translation	(0.6		)	0.6			—
Balance as of January 31, 2019	$	49.9		$	(35.7	)	$	14.2
Total intangible assets, net	$	151.3		$	(73.8	)	$	77.5