Goodwill

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill

Our goodwill was $123.0 million as of December 31, 2021 and $143.7 million as of December 31, 2020. In the fourth quarter of 2021, we performed a review for impairment of goodwill, and concluded that goodwill was not impaired. The following table summarizes the components of goodwill for the years ended December 31 (in millions):

	2021		2020
Rail North America	$	23.8	$	23.8
Rail International	58.6		62.9
Other	40.6		57.0
Total goodwill	$	123.0	$	143.7

In December 2020, GATX acquired Trifleet. As a result of this transaction, GATX initially recorded $57.0 million of goodwill. In 2021, GATX finalized the purchase price allocation among the amounts assigned to assets and liabilities, which resulted in a purchase accounting adjustment to goodwill of $13.2 million. See "Note 4. Business Combinations" for additional information.

The remaining changes in the carrying amount of our goodwill for 2021 resulted from fluctuations in foreign currency exchange rates.