XML 26 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Other Identifiable Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Identifiable Intangible Assets
Goodwill and Other Identifiable Intangible Assets
The changes in the carrying amount of goodwill by reportable segment were as follows:
In millions
December 31,
2017
Foreign currency 
translation/other 
September 30,
2018
Aquatic Systems
$
973.1

$
(6.0
)
$
967.1

Filtration Solutions
472.1

(7.9
)
464.2

Flow Technologies
667.6

(1.9
)
665.7

Total goodwill
$
2,112.8

$
(15.8
)
$
2,097.0


Identifiable intangible assets consisted of the following:
 
September 30,
2018
 
December 31,
2017
In millions
Cost
Accumulated
amortization
Net
 
Cost
Accumulated
amortization
Net
Definite-life intangibles
 
 
 
 
 
 
 
Customer relationships
$
353.3

$
(245.5
)
$
107.8

 
$
360.9

$
(229.9
)
$
131.0

Trade names
0.4

(0.4
)

 
1.5

(1.4
)
0.1

Proprietary technology and patents
88.0

(68.2
)
19.8

 
117.0

(89.3
)
27.7

Total definite-life intangibles
441.7

(314.1
)
127.6

 
479.4

(320.6
)
158.8

Indefinite-life intangibles
 
 
 
 
 
 
 
Trade names
161.8


161.8

 
163.0


163.0

Total intangibles
$
603.5

$
(314.1
)
$
289.4

 
$
642.4

$
(320.6
)
$
321.8


Identifiable intangible asset amortization expense was $8.6 million and $9.2 million for the three months ended September 30, 2018 and 2017, respectively, and $27.0 million and $27.2 million for the nine months ended September 30, 2018 and 2017, respectively.
Estimated future amortization expense for identifiable intangible assets during the remainder of 2018 and the next five years is as follows:
 
Q4
 
 
 
 
 
In millions
2018
2019
2020
2021
2022
2023
Estimated amortization expense
$
8.3

$
28.0

$
22.9

$
17.6

$
10.3

$
7.9