GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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


(In millions)	March 31, 2023				December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Definite-lived intangibles:
Customer relationships	251.9		(105.2)		251.6		(101.5)
Patents	$	7.3	$	(7.3)	$	7.3	$	(7.3)
Technology	7.5		(7.4)		7.5		(7.4)
Trade names	41.7		(4.2)		$	41.8	(3.7)
Other	3.4		(2.8)		3.4		(2.7)
Total	$	311.8	$	(126.9)	$	311.6	$	(122.6)
Indefinite-lived intangibles:
Trade names	42.6		—		42.3		—
Total intangibles	$	354.4	$	(126.9)	$	353.9	$	(122.6)

Amortization expense related to intangible assets for the first quarters ended March 31, 2023 and March 31, 2022 was $4.2 million and $4.3 million, respectively.

The change in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2023, is as follows:


(In millions)
	Water Systems		Fueling Systems		Distribution		Consolidation
Balance as of December 31, 2022	$	211.9	$	70.3	$	45.8	$	328.0
Acquisitions	0.7		—		—		0.7

Foreign currency translation	0.5		0.1		—		0.6
Balance as of March 31, 2023	$	213.1	$	70.4	$	45.8	$	329.3