Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Goodwill and Other Identifiable Intangible Assets

The changes in the carrying amount of goodwill during the years ended December 31, 2019 and 2018 by reportable segment, as well as other identifiable intangible assets, are summarized as follows:

	Goodwill
	Automotive		Industrial		Total		Other Intangible Assets, Net
Balance as of January 1, 2018	$	1,765,508	$	306,491	$	2,071,999	$	1,311,165
Additions	55,371		19,213		74,584		164,348
Amortization	—		—		—		(83,489)
Foreign currency translation	(99,056)		(707)		(99,763)		(64,126)
Balance as of December 31, 2018	1,721,823		324,997		2,046,820		1,327,898
Additions	194,561		185,679		380,240		340,799
Divestitures	(294)		(115,437)		(115,731)		(89,030)
Amortization	—		—		—		(92,206)
Impairments	—		—		—		(2,194)
Foreign currency translation	(18,595)		785		(17,810)		6,830
Balance as of December 31, 2019	$	1,897,495	$	396,024	$	2,293,519	$	1,492,097

Gross Carrying Amounts and Accumulated Amortization Relating to Other Intangible Assets

The gross carrying amounts and accumulated amortization relating to other intangible assets at December 31, 2019 and 2018 are as follows:

	2019						2018
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	1,481,470	$	(287,851)	$	1,193,619	$	1,278,499	$	(248,903)	$	1,029,596
Trademarks	334,643		(36,501)		298,142		327,217		(29,643)		297,574
Non-competition agreements	5,268		(4,932)		336		4,989		(4,261)		728
	$	1,821,381	$	(329,284)	$	1,492,097	$	1,610,705	$	(282,807)	$	1,327,898

Estimated Other Intangible Assets Amortization Expense

Estimated other intangible assets amortization expense for the succeeding five years is as follows:

2020	$	93,123
2021	92,797
2022	92,687
2023	91,953
2024	91,105
	$	461,665