GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

The carrying amounts of the Company’s intangible assets are as follows:

(In millions)	June 30, 2020				December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangibles:
Patents	$	7.4	$	(7.1)	$	7.4	$	(7.0)
Technology	7.5		(7.0)		7.5		(6.8)
Customer relationships	150.9		(73.6)		155.4		(71.4)
Other	3.7		(2.8)		3.8		(2.8)
Total	$	169.5	$	(90.5)	$	174.1	$	(88.0)
Unamortizing intangibles:
Trade names	42.7		—		45.0		—
Total intangibles	$	212.2	$	(90.5)	$	219.1	$	(88.0)

Amortization expense related to intangible assets for the second quarters ended June 30, 2020 and June 30, 2019 was $2.3 million and $2.3 million, and for the six months ended June 30, 2020 and June 30, 2019, $4.7 million and $4.6 million respectively.

Amortization expense for each of the five succeeding years is projected as follows:

(In millions)	2020		2021		2022		2023		2024
	$	9.2	$	8.8	$	8.6	$	8.5	$	8.3

The change in the carrying amount of goodwill by reportable segment for the six months ended June 30, 2020, is as follows:

(In millions)
	Water Systems		Fueling Systems		Distribution		Consolidated
Balance as of December 31, 2019	$	151.0	$	67.6	$	37.5	$	256.1
Acquisitions	3.0		—		—		3.0
Foreign currency translation	(2.7)		(0.2)		—		(2.9)
Balance as of June 30, 2020	$	151.3	$	67.4	$	37.5	$	256.2