XML 24 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Goodwill and Intangible Assets, net
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, net
Goodwill and Intangible Assets, net
 

Changes in the carrying values of goodwill for the three months ended March 31, 2019, were as follows (in millions):
 
Segment
 

 
Electrical

Power

Total

BALANCE DECEMBER 31, 2018
$
714.1

$
1,070.3

$
1,784.4

Foreign currency translation
1.7

0.7

2.4

BALANCE MARCH 31, 2019
$
715.8

$
1,071.0

$
1,786.8



The carrying value of other intangible assets included in Intangible assets, net in the Condensed Consolidated Balance Sheet is as follows (in millions):
 
March 31, 2019
December 31, 2018
 
Gross Amount

Accumulated
Amortization

Gross Amount

Accumulated
Amortization

Definite-lived:
 

 

 

 

Patents, tradenames and trademarks
$
201.9

$
(58.2
)
$
204.4

$
(58.6
)
Customer/agent relationships and other
834.2

(229.3
)
833.0

(212.6
)
Total
$
1,036.1

$
(287.5
)
$
1,037.4

$
(271.2
)
Indefinite-lived:
 

 

 

 

Tradenames and other
53.5


53.3


TOTAL
$
1,089.6

$
(287.5
)
$
1,090.7

$
(271.2
)

 
Amortization expense associated with definite-lived intangible assets was $18.2 million and $15.4 million for the three months ended March 31, 2019 and 2018, respectively. Future amortization expense associated with these intangible assets is expected to be $53.2 million for the remainder of 2019, $70.7 million in 2020, $69.0 million in 2021, $63.6 million in 2022, $58.9 million in 2023, and $53.9 million in 2024.