GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

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

(In millions)	September 30, 2020				December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangibles:
Patents	$	7.4	$	(7.2)	$	7.4	$	(7.0)
Technology	7.5		(7.1)		7.5		(6.8)
Customer relationships	152.1		(75.6)		155.4		(71.4)
Other	3.7		(2.9)		3.8		(2.8)
Total	$	170.7	$	(92.8)	$	174.1	$	(88.0)
Unamortizing intangibles:
Trade names	42.7		—		45.0		—
Total intangibles	$	213.4	$	(92.8)	$	219.1	$	(88.0)

Schedule of Indefinite-Lived Intangible Assets

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

(In millions)	September 30, 2020				December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangibles:
Patents	$	7.4	$	(7.2)	$	7.4	$	(7.0)
Technology	7.5		(7.1)		7.5		(6.8)
Customer relationships	152.1		(75.6)		155.4		(71.4)
Other	3.7		(2.9)		3.8		(2.8)
Total	$	170.7	$	(92.8)	$	174.1	$	(88.0)
Unamortizing intangibles:
Trade names	42.7		—		45.0		—
Total intangibles	$	213.4	$	(92.8)	$	219.1	$	(88.0)

Schedule of Amortization Expense

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

(In millions)	2020		2021		2022		2023		2024
	$	9.3	$	8.9	$	8.7	$	8.6	$	8.4

Schedule of Change in the Carrying Amount of Goodwill by Reporting Segment

The change in the carrying amount of goodwill by reportable segment for the nine months ended September 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	1.4		—		—		1.4
Foreign currency translation	(1.8)		(0.1)		—		(1.9)
Balance as of September 30, 2020	$	150.6	$	67.5	$	37.5	$	255.6