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GOODWILL AND OTHER INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2023
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, excluding goodwill, are as follows:
(In millions)September 30, 2023December 31, 2022
 Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Definite-lived intangibles:    
Customer relationships$250.6 $(111.4)$251.6 $(101.5)
Patents7.3 (7.3)7.3 (7.3)
Technology7.5 (7.5)7.5 (7.4)
Trade names41.6 (5.3)41.8 (3.7)
Other3.3 (2.8)3.4 (2.7)
Total$310.3 $(134.3)$311.6 $(122.6)
Indefinite-lived intangibles:    
Trade names42.6 — 42.3 — 
Total intangibles$352.9 $(134.3)$353.9 $(122.6)
 
Amortization expense related to intangible assets for the third quarters ended September 30, 2023 and September 30, 2022 was $4.2 million and $4.2 million, respectively, and for the nine months ended September 30, 2023 and September 30, 2022 was $12.7 million and $12.9 million, respectively.
The change in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2023 is as follows:
(In millions)
Water SystemsFueling SystemsDistributionConsolidated
Balance as of December 31, 2022$211.9 $70.3 $45.8 $328.0 
Acquisitions1.0 — — 1.0 
Foreign currency translation(0.2)— — (0.2)
Balance as of September 30, 2023$212.7 $70.3 $45.8 $328.8